⚔️ President Donald Trump officially announced that the United States is now in the active phase of a trade war with China. The statement followed his recent threat to impose 100% tariffs on all Chinese imports, which sparked intense debate in political and economic circles both inside and outside the U.S.
“Well, we’re already in it,” Trump told White House reporters when asked if the U.S. was preparing for a “long trade war with China.” The president stressed that tariffs are a key tool for national security.
“If we didn’t have tariffs, we’d be exposed as nothing — we’d have no protection,” he said, emphasizing the need for a tough economic stance to defend American interests and keep domestic industries competitive.
These threats quickly rippled through the financial markets. On January 10, following Trump’s social media post about new tariffs, the crypto market plunged: Bitcoin dropped from $121,500 to below $103,000 within hours, showing extreme volatility and how sensitive digital assets remain to geopolitical shocks.
Trump justified the 100% tariff on China as a response to Beijing’s tighter export controls on rare-earth minerals, which are crucial for producing computer chips and other high-tech components.
However, his later comments failed to trigger another selloff. Analysts say markets have “digested” the initial shock and now react to Trump’s bold statements with more composure. Investors have learned to price in geopolitical risk without panicking.
On October 15, U.S. Treasury Secretary Scott Bessent criticized China’s trade policy, warning that Beijing’s actions could backfire: “If some in the Chinese government want to slow down the global economy through disappointing actions and economic restraint, China’s economy will suffer the most — and make no mistake: it’s China versus the world.”
He added that the U.S. and its allies would not allow Beijing’s bureaucrats to dictate global trade rules.
The trade war has also affected the U.S. crypto-mining sector. Trump’s administration imposed steep tariffs: 57.6% on mining equipment from China and 21.6% from Indonesia, Malaysia, and Thailand. This has made it far more expensive to acquire new hardware and significantly altered the cost structure of Bitcoin mining in the U.S.
Last year, U.S. customs authorities seized thousands of ASIC miners, labeling them as illegally imported radio devices.
Last year, many miners faced additional issues related to the U.S. Customs and Border Protection. Thousands of ASIC miners were confiscated, as U.S. regulators deemed them illegally imported radio frequency devices. Despite all these obstacles, not a single major American bitcoin mining company moved its operations abroad, contrary to predictions by some industry experts. This demonstrates the strong commitment of U.S. miners to the domestic market and their confidence in the long-term stability of the business within the country.
🔥 In short, the U.S.–China trade war is heating up, with direct consequences for crypto. American miners now pay nearly 60% extra for Chinese hardware while operating in a market where a single presidential post can send Bitcoin crashing by tens of percent.
The situation highlights how deeply intertwined global politics and digital finance have become — and how geopolitical conflicts can turn into a major risk factor for investors in the crypto industry.
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