Tariff Armageddon: Bitcoin Plunges as Trump Hits China with 104% Tariff

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Hey crypto trailblazer, 👋

The trade war just went nuclear. Trump cranked tariffs on China to a jaw-dropping 104%, sending markets into free fall and even our beloved Bitcoin wasn't immune. Meanwhile, a White House civil war is brewing as Elon Musk publicly roasts Trump's trade czar. Let's dive into this week's crypto chaos!

📉Trump Drops the Tariff Hammer: 104% on China

President Trump has imposed a staggering 104% tariff on Chinese imports, sending shockwaves through financial markets. The tariff bomb consists of three layers: the original 20% applied during Trump's first weeks in office, the 34% "reciprocal tariff" announced on April 2nd, and now an additional 50% as punishment for China's retaliatory measures.

Market experts now warn of potential recession, with JPMorgan putting the chances at 60% by year-end if the trade war intensifies. Billionaire Trump supporter Bill Ackman didn't mince words, warning America is now on the brink of an "economic nuclear winter."

Apple's New Smart Display Confirms What This Startup Knew All Along

Apple has entered the smart home race with its new Smart Display, firing a $158B signal that connected homes are the future.

When Apple moves in, it doesn’t just join the market — it transforms it.

One company has been quietly preparing for this moment.

Their smart shade technology already works across every major platform, perfectly positioned to capture the wave of new consumers Apple will bring.

While others scramble to catch up, this startup is already shifting production from China to its new facility in the Philippines — built for speed and ready to meet surging demand as Apple’s marketing machine drives mass adoption.

With 200% year-over-year growth and distribution in over 120 Best Buy locations, this company isn’t just ready for Apple’s push — they’re set to thrive from it.

Shares in this tech company are open at just $1.90.

Apple’s move is accelerating the entire sector. Don’t miss this window.

Act Fast- Apple’s Halo effect is coming

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🥊Musk vs. Navarro: White House Trade War Gets Personal

While the real trade war rages, an equally explosive battle has erupted inside the White House. Elon Musk, Tesla CEO and Trump adviser, publicly called Trade Czar Peter Navarro "truly a moron" and "dumber than a sack of bricks" in a series of scathing posts on X.

The dispute ignited after Navarro claimed on CNBC that Tesla is merely a "car assembler" reliant on cheap foreign parts – a characterization Musk rejected, asserting that "Tesla has the most American-made cars." Musk even mockingly told Navarro to consult with "Ron Vara" – a fictitious economist Navarro infamously invented and cited in his own books.

According to The Washington Post, Musk personally appealed to Trump to reverse the tariff plan, but so far without success. White House Press Secretary Karoline Leavitt downplayed the feud, telling reporters with a smile: "Boys will be boys, and we will let their public sparring continue."

This clash highlights the deep divisions over Trump's trade strategy and its potentially devastating impact on the U.S. economy and markets.

🔮 What's Next: Eyes on China and the Fed

All eyes are now on China's next move in this economic chess match. Gabriel Wildau, managing director at Teneo, expects Beijing to "hunker down for a protracted economic war of attrition," believing that "seven years of efforts to reduce reliance on the U.S. has rendered China economically resilient."

Until the tariff dust settles, expect continued volatility across all markets.

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.