Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China

Bitcoin Magazine Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China

Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets.

President Donald Trump posted on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S. will impose a 100% tariff on Chinese goods and enforce export controls on critical software from the same date.

Bitcoin price dumped as a result of the news, dumping from roughly $117,000 in early afternoon to below $108,000. At the time of writing, the bitcoin price is back to the $113,000 range with high volatility.

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