By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) -Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump’s conciliatory trade remarks.

The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world’s two largest economies.

In afternoon trading, bitcoin fell to as low as $110,023.78 and was last down 2.3% at $113,129. The world’s largest cryptocurrency hit a record high above $126,000 on October 6.

Ether, the second-biggest digital currency, slid to a trough of $3,900.80 and was last down 3.7% at $4,128.47. Last Friday, it dropped 12% from the day’s high

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