Stock Market Plunge, Bitcoin Up as US-China Trade War Escalates82.8

Stocks are sinking and bitcoin is moving higher as the US-China trade war appears to be escalating.

On Friday, President Trump’s administration raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 percent. Now, however, the President has said that he’s ready to impose 25 percent on yet another $300 billion worth of Chinese goods.

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