China Tariffs Keep Bitcoin in Check

Tariffs on. Tariffs off. Bitcoin whipsaws as China imposes tariffs against the U.S. and U.S. President Donald Trump delays tariffs against Canada and Mexico. Plus, Trump signs an executive order for a sovereign wealth fund and his Commerce Secretary nominee Howard Lutnick tones down his remarks on Tether’s stability. CoinDesk’s Christine Lee reports “CoinDesk Daily.” - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq