The cryptocurrency market suffered historic losses on Saturday, with over $19 billion wiped out in what data tracker Coinglass described as “the largest liquidation event in crypto history,” after US President Donald Trump announced 100% tariffs on China and new export controls on software. Two major cryptocurrencies, Bitcoin and Ethereum, crashed as investors reacted to…
In a dramatic escalation of trade tensions, US President Donald Trump announced on October 10, 2025, that the US would impose an additional 100% tariff on all Chinese imports, effective November 1 or sooner if Beijing continues what he described as “aggressive” trade actions. US President Donald Trump speaks in the Oval Office of the…
More than 1.6 million traders lost over $19 billion on cryptocurrency bets as the market crashed from Donald Trump‘s announcement of additional 100 per cent tariffs on China, according to a Bloomberg report. Citing 24 hour data from Coinglass, the report noted that more than $19 billion have been wiped out in the “largest liquidation…
Trump tariffs on China: US President Donald Trump on Friday slapped China with an additional 100% tariff, in addition to the existing 30 per cent duties, effective November 1 or sooner. Additionally, the Trump administration will impose export controls on “any and all critical software” from American firms. Trump said the new tariffs are a…
China announced it is tightening the export of rare earth technologies, broadening restrictions that have been a source of tension between Beijing and Washington. Technologies related to the extraction of rare earth minerals, manufacturing of magnets and recycling of rare earths are banned from being exported unless permitted, according to a notice published Thursday by…
US President Donald Trump on Monday announced tariffs on movies and furniture made outside America, saying that other countries were stealing these businesses from America. Donald Trump said that other countries were stealing the movie business from the US like stealing “candy from a baby”.(AP) In a post on Truth Social, Trump said that he…
Iron ore declined due to a cautious tone ahead of a major holiday in China that’ll see mainland markets closed for a week from Wednesday. Futures fell to $103 a ton in Singapore, the lowest since early September, after dropping 2.8% last week. Demand for the steel-making staple may ease during Golden Week break. Iron…
A sharp drop in U.S. soybean exports to China could impact more than just farmers — it may soon begin putting pressure on trucking jobs, rail shipments, and port operations across the country. Once America’s top soybean customer, China has drastically cut back purchases in favor of South American suppliers. With fewer soybeans slated to…
Topline President Donald Trump on Saturday said he was “ready to do major sanctions” on Russia once NATO countries pull purchases of Russian oil, additionally requesting the alliance to impose up to 100% tariffs on China until Russia ends its war with Ukraine, as peace talks have stalled in recent weeks. Trump argued “powerful tariffs”…
In what could be a big development in the ongoing tariff trouble across the globe, the finance ministers of the G7 nations are reportedly scheduled to meet on Friday to decide secondary sanctions on India and China for buying Russian oil, a report said. This comes after US President Donald Trump talked to senior European…