Trump Threatens China With 155% Tariffs – Bitcoin Falls to $108,000

Tensions between the United States and China are once again shaking global markets. U.S. President Donald Trump has warned that if no trade deal is reached by November 1, he will impose tariffs of up to 155% on Chinese imports. While the White House tightens its stance on Beijing, the crypto market is feeling the heat — Bitcoin has dropped sharply and, at the time of writing, is trading at $108,000.

Trump Turns Up the Pressure on China During a working lunch with the Australian Prime Minister, Trump warned that if China refuses to reach a fair deal, it will face “the toughest trade strike in history.” “If we don’t make a deal, they’ll face tariffs of up to 155%. But I think we’ll get there,” Trump said confidently. The president added that China is showing more respect toward the U.S., but also hinted at other possible measures — including restrictions on aircraft and industrial technology exports. Trump is scheduled to meet with Chinese President Xi Jlnping on October 31 at a summit in Asia — just one day before the previously announced 100% tariffs are set to take effect.

A Sudden Shift in Tone Interestingly, only days earlier, Trump had suggested that the 100% tariffs on China might not remain in place.

His latest comments about potentially raising them to 155% have reignited market uncertainty and sent investors rushing toward safe-haven assets.

Bitcoin Under Geopolitical Pressure The crypto market felt the impact almost immediately.

Bitcoin, which recently touched $111,500, quickly reversed course, losing over 3% within hours and now hovering around $108,000. Analysts point out that, beyond geopolitics, other factors are also contributing to the sell-off:

🔹 Selling pressure from miners and long-term holders,

🔹 Large short positions, including one reportedly from the so-called “Trump Insider Whale”, who — according to Lookonchain — currently holds a $121.5 million short position on Bitcoin via Hyperliquid.

India Could Be Next Trump also confirmed that the massive tariffs on India will remain in place until New Delhi stops purchasing Russian oil.

This underlines his strategy of using economic leverage as a negotiation weapon — a hallmark of Trump’s trade policy.

What’s Next? Markets are now watching closely to see whether Trump and Xi can reach a deal before November 1.

If they fail, the 155% tariffs could ignite a new phase of global trade war, and cryptocurrencies — often sensitive to geopolitical uncertainty — could face more turbulence. As the world watches Washington and Beijing, investors are holding their breath.

Trump’s message remains crystal clear: “Either we make a deal, or we impose tariffs the world has never seen before.”

#china , #TRUMP , #Tariffs , #bitcoin , #Geopolitics

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