Cryptocurrency News Today TheBitTimes.com

Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues. This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China. Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, wer...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The White House has announced that an additional 104% tariff on China went into effect at noon on Tuesday, with collections of the tariff beginning April 9. US President Donald Trump threatened an additional tariff on China if Beijing didn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Since China has yet to lift its retaliatory tariffs, the White House has added an additional 104% tariff to Chinese imports. On Monday, Trump also said he’s currently “waiting” on a call from China to make a deal on trade and tariffs while touting that a delegation from South Korea was already headed to the U.S. to make a deal of its own. “China also wants to make a deal, badly, but they don’t know how to get it started,” Trump said in a post to Truth Social. “We are waiting for their call. It will happen!” JUST IN: White House say...

US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda. Also Read: BRICS: 2 Countries Officially Agree To Ditch the US Dollar For Trade However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement. Jaishankar also praised Trump and said that India has a good relationship with the new White House administration. “We’ve always said that India has never been for de-dollarization,” he said at v...

China tariffs on U.S. products are the start of a significant escalation in trade tensions between the world’s two largest economies. In response to U.S. President Donald Trump’s 10% tariff implementation, China also announced retaliatory measures targeting key American exports, and this is increasing the intensity of the ongoing trade war escalation between the two nations. Also Read: Solana Reclaims $200: Can SOL Hit $250 This Week? China Retaliates With Tariffs On U.S. Goods As Trade Tensions Rise Source: BBC New Tariff Implementation The Ministry of Commerce just unleashed an absolute monster of a tariff package! Several U.S. exports are getting completely hammered with a massive 15% tariff on coal and LNG, while various other products are taking a savage 10% hit to the gut. We’re talking about tons of crude oil, mountains of farming equipment, and those beast-mode American cars – and get this – multiple sectors are totally freaking out before these mea...

Entering any year for more than a decade, Apple (AAPL) was always set to be a company that dominated Wall Street. Currently the leading company by market cap, the iPhone developer has had a tough 2025 thus far. But will it get even tougher? With Apple’s stock facing incoming 10% tariffs, Bank of America speaks on the potential impact. Outside of the ongoing trade tensions taking place with the US, the tech company hasn’t had a thriving first month of the year. In January, its iPhone was dethroned in China, losing significant market share. Moreover, the product was facing an Indonesian ban that concerned many investors. So, are the Donald Trump-imposed tariffs yet to be another dose of bad news? Source: entrepreneur.com Also Read: Apple (AAPL) Partners With T-Mobile, SpaceX as Stock Jumps 3% Apple Stock Affected by Incoming Trump Tariffs? Here’s What Bank of America Says Entering the year, there were many who expected Apple to potentially be the first company to reach a...