China has issued a firm response to the latest U.S. tariffs, asserting it will not back down in the face of intimidation or economic pressure. The Chinese Foreign Ministry emphasized the nation’s right to development and warned against any attempts to harm its sovereignty and interests. Criticizing the U.S. for not engaging in genuine dialogue, China stated that fair treatment, respect, and mutual benefit are key to cooperation. If provoked further, China vowed to respond resolutely in the ongoing trade dispute.

The U.S. has announced sweeping new tariffs impacting nearly every country, with China facing the steepest at 104%. Other major countries affected include India (26%), South Korea (25%), Japan (24%), and members of the European Union (20%). Southeast Asian nations like Vietnam (46%), Thailand (36%), and Indonesia (32%) are also hit hard. Tariffs for most countries, including Brazil, Australia, the UK, and Saudi Arabia, are set at 10%. The move marks a significant shift in U.S. trade policy.

​On April 8, Bitcoin spot ETFs experienced a net outflow of $224 million, ending a four-day streak of inflows totaling $570 million. Grayscale’s GBTC led the outflows with $303 million, while Bitwise’s BITB saw the largest inflow at $40.3 million. BlackRock’s IBIT and Fidelity’s FBTC had modest inflows of $21.3 million and $6.3 million, respectively. There is no available data regarding Ethereum spot ETF flows for April 8. ​

​On April 9, 2025, the Dow Jones Industrial Average (DJIA) experienced significant volatility amid escalating trade tensions. The index opened at 38,827.10, reached a high of 39,426.60, but declined to a low of 38,366.95, closing at 37,645.59—a drop of 320 points (0.84%) from the previous day. This downturn followed President Trump’s announcement of a 104% tariff on Chinese imports, intensifying fears of a global trade war. Investors responded by shifting away from equities, leading to declines across major indices.​

​On April 9, 2025, Asian stock markets experienced significant declines as the U.S. prepared to implement a 104% tariff on Chinese imports, intensifying trade tensions. Japan’s Nikkei 225 initially dropped nearly 4%, while markets in South Korea, New Zealand, and Australia also saw substantial losses. This followed a turbulent session on Wall Street, where the S&P 500 fell 1.6%, bringing it nearly 19% below its February peak. The Dow Jones Industrial Average declined 0.8%, and the Nasdaq Composite lost 2.1%. Investors remain uncertain about President Donald Trump’s trade policies, leading to increased market volatility.​

​On April 9, 2025, China’s CSI 300 Index declined by 1.2%, the Shanghai Composite Index decreased by 1.1%, and Hong Kong’s Hang Seng Index dropped 3.1% as the U.S. prepared to implement 104% tariffs on Chinese imports. This development intensified the ongoing trade conflict between the two nations, leading to increased market volatility. Investors expressed concern that these tariffs could further strain global economic conditions, prompting a shift away from riskier assets. The heightened trade tensions have contributed to significant fluctuations in global financial markets.

​On April 9, 2025, Japan’s Nikkei 225 index dropped over 3% to 32,010.93, mirroring Wall Street’s decline amid escalating U.S.-China trade tensions. The broader Topix index also fell 3% to 2,360.32. Technology stocks were notably impacted; Advantest declined by 9%, Tokyo Electron by 4.85%, and SoftBank Group by 5.96%. Investors are increasingly concerned that the impending 104% U.S. tariffs on Chinese imports could slow global economic growth.

Bitcoin dropped sharply below $75,000, losing 6% in a day as Asian and global stock markets fell due to new U.S. tariffs on Chinese imports. Japan’s Nikkei 225, Australia, South Korea, and others saw big losses. The S&P 500 and Nasdaq also dropped. The crypto market saw $400 million in liquidations, mostly from long positions. Bitcoin’s long-short ratio flipped, showing bearish sentiment. Investors are pulling out of risky assets, fearing more market turmoil as U.S.-China trade tensions rise.