China Responds Firmly to New U.S. Tariff Threat

China has asserted that while it does not desire a tariff war, it is not intimidated by such threats, following U.S. President Donald Trump's recent announcement of 100% tariffs on Chinese imports effective November 2025.

The event highlights escalating trade tensions, impacting global markets, particularly the crypto sector, which saw marked losses, reinforcing economic uncertainty.

The decision stems from U.S. policy changes announced on October 10, 2025, where 100% tariffs were declared on all Chinese imports. This includes key technology sectors, prompting China's firm response through official channels.

Key players include U.S. President Donald Trump and Chinese leadership. Trump's tariffs aim at China's tech sector, prompting a strong statement from China:

Chinese Government, official channel: "We do not want a tariff war, but we are not afraid of one." Statement issued following Trump’s announcement

The crypto market reacted with a steep drop in market capitalization. Markets have been profoundly affected, with crypto losing nearly $1 trillion in value within 24 hours. The BTC and ETH declines exemplify the market's response to trade policies.

These financial shifts indicate a broader geopolitical impact, influencing both economic and technological landscapes. With mining hardware costs forecasted to rise, industry stakeholders face challenging operational landscapes.

Experts draw parallels with past events like "Black Thursday" in 2020, showing trends of high volatility linked to major economic announcements. As affected industries brace for repercussions, the global market watches closely.