Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Bobcrypto on April 09, 2025, 07:10:28 PM
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Many people may think otherwise, but as the tariff war is currently blowing hard on all the country involved, it must have lead to Chinese business switching to Bitcoin as many crypto analysis are showing. Considering that the effect of the tariff war is getting hold on the Yuan, even as Chinese business are diverting their yaun into bitcoin many crypto analyst reported.
I had once written a post some weeks ago on the Chinese government continuous stand on crypto, and i stated that, "China may have a loose end on it crypto stand in near future".
Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
Check here: https://cointelegraph.com/news/china-counters-tariffs-yuan-devaluation-bullish-btc
It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
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Many people may think otherwise, but as the tariff war is currently blowing hard on all the country involved, it must have lead to Chinese business switching to Bitcoin as many crypto analysis are showing. Considering that the effect of the tariff war is getting hold on the Yuan, even as Chinese business are diverting their yaun into bitcoin many crypto analyst reported.
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It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
This is quite new, I did not realize it. A way to deal with the high tariff is to devalue the local currency. The article did not shed any light on this matter, but I will do the necessary research to understand it (that's not important in this post, so), speaking of devaluing the local currency, 90% of the people know it, or let's say those who have millions, they want to save, and only they will consider BTC!
That's a big question, in my opinion, because they have gold, although I read a few months ago the citizens there are not interested in buying properties, so if that's still a thing, then yeah, maybe they will move their funds into BTC, and it is cheap too. That's bullish news, and I hope it will happen.
Although the 109% tariff is only on electric vehicles, so you know why, let me guess, he wants Elon's EV to sell in the USA rather than China, and maybe he doesn't trust their EVs, but China is smart haha, they will devalue.
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Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
You should know how Chinese government like what they can control. They can not control bitcoin. This is the reason you will not see China do something like that.
Worth knowing that bitcoin is legal as a property in China but not legal as a currency.
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If they are changing their stance on cryptocurrencies it could be good for the market, as far as I know trading, crypto companies and mining are still banned (I did some research and found nothing to suggest otherwise).
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No, the Chinese economy is still affected by US decisions, and if the US abandons it, China will certainly focus on more economic partnerships with other countries, but there is certainly no need for Bitcoin (especially with bitcoin market cap being a small amount compared to the size of the Chinese economy).
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Why are you guys looking for a way to connect China to BTC at every opportunity, they already made their feelings clear about BTC, and that is that. BTC does not really need approval from China, and China does not need BTC, let it stay that way, no need to bring up theories that don't count.
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Many people may think otherwise, but as the tariff war is currently blowing hard on all the country involved, it must have lead to Chinese business switching to Bitcoin as many crypto analysis are showing. Considering that the effect of the tariff war is getting hold on the Yuan, even as Chinese business are diverting their yaun into bitcoin many crypto analyst reported.
I had once written a post some weeks ago on the Chinese government continuous stand on crypto, and i stated that, "China may have a loose end on it crypto stand in near future".
Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
i do not know what can china do or not do since i am not part of their government but i do think they should at least consider bitcoin or just crypto overall they would need that to help them navigate international trades the most and what i think would be a total jaw dropping moment is if china were to add bitcoin to their reserve or acknowledge its legality in their country first before usa does
usa or rather trump has been speaking about adding bitcoin to their reserve but now it only has been promises so it will be a blow to the usa if another country beats them to it and it would be interesting if it were china to do it
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I don't know what all these fucking politicians will do, but these tariff wars are clearly not helping the world. In this way, the rich country will get richer, and the poor countries will remain the same, paying high tariffs to well-developed countries. I don't know how crypto can help in this situation. Of course, China will do whatever it can to save its currency. China is not a small country; they don't fear the US. Trump is doing excessive, and his actions are creating more enemies for the US.
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You should know how Chinese government like what they can control. They can not control bitcoin. This is the reason you will not see China do something like that.
Worth knowing that bitcoin is legal as a property in China but not legal as a currency.
Exactly, I share the same view as you
The idea of not being able to control something is too dangerous for the Chinese government to do something like that
I would like to hear the opinion of a Chinese person to know how things are going over there in relation to Bitcoin, since we may have incomplete information
But when it comes to the tariff war, I believe that everyone will soon reach an agreement without anything more extreme happening
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Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
Check here: https://cointelegraph.com/news/china-counters-tariffs-yuan-devaluation-bullish-btc
It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
They must change their stance with regards to crypto first before accepting or buying it (at least buying that we know in public). Let's not forget that they banned crypto because they don't want to use something that they don't even have control of it... or at least that's what they said, but rumors said that they are secretly buying Bitcoin.
TBH, I don't know if this will have a huge impact towards the price of Bitcoin. I mean will the investors take this as a bullish news that could push the price even higher. Trump can pump or dump the price because he has the power to do so. Does Xi Jinping also have it? For me, I don't think so. What I only know though is that, this tariffs that's been imposed by US to them will affect them negatively.
Also to add, the US is also considering delisting Chinese Stocks on the US Stock Market. I don't know what will be the extend of the impact towards the Chinese companies, but there will be of course a negative impact on it.
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Although in the latest news,
U.S. President Donald Trump abruptly changed his tariff policy again today, pausing his so-called “reciprocal tariffs” for many countries around the world for 90 days.
https://www.cbc.ca/news/world/livestory/trump-pauses-most-global-tariffs-but-changes-nothing-for-canada-and-mexico-9.6717027
But I don't think this is enough though to stop the tariff war, he is just prolonging it and for sure there are countries that are going to respond in a negative way. And so with that, as others opinion, Trump just created chaos around the world. Not sure if this is his intention, but if it is, then everything is cluster f**k right now.
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It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
Bruh, it makes ZERO sense!
China needs a devaluating currency to keep its exports viable.
With Trump saying the US will build a crypto reserve, why would China subsidize that reserve by allowing its citizens to purchase Bitcoin, inflating the value of the US reserves and making the dollar stronger?
It's pure copium with zero economic reason behind it!
Why are you guys looking for a way to connect China to BTC at every opportunity, they already made their feelings clear about BTC, and that is that. BTC does not really need approval from China, and China does not need BTC, let it stay that way, no need to bring up theories that don't count.
Because they see their stash losing value at every step and they cling to every clickbait of hope they can find for a bull run, even if it doesn't make sense or it's fake news. Reason has left this place, all that's left is cpium and denial.
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No, the Chinese economy is still affected by US decisions, and if the US abandons it, China will certainly focus on more economic partnerships with other countries, but there is certainly no need for Bitcoin (especially with bitcoin market cap being a small amount compared to the size of the Chinese economy).
No condition has ever remain pamernent, and certain decisions taken on certain critical issues may not remain the same forever, if we search deeply on the Internet, you may observe some hidden transactions involving China with Btc transactions secretly.
The politician in China cannot be trusted, they say something openly, and do the opposite before her citizens. Honestly, there are analysis and news that China and Russia may be engaged on business with Bitcoin to reduce the impact of the trade war with America.
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China will not switch to bitcoin and they will give up this tariff war with US. This is a war of economic domination and this will affect US very well. And if US continue pressing on they might lose the war because businessmen will switch to china goods which might be cheaper and China might take over the African countries with their goods.
Donald Trump should use wisdom in the cold tariff war. Some of the World leaders like Ngozi Okonjo-Iweala, the Director of World Trade Organization has already warned the ongoing Tariff war that it will affect the world economy. Which some of the countries has started feeling the impact.
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Not only China, but we have been hearing that Bitcoin should be the one benefiting from this tariff war as there are countries that might switch to Bitcoin or even wealthy people as a hedge.
But I do not think though that China will suddenly see Bitcoin as their friend, they hated Bitcoin for a long time and so I doubt that they will simply make a U-turn.
I will understand some wealthy people to uses Bitcoin as a hedge because it has been proven when the pandemic came. But for countries like China, I don't see them holding Bitcoin.
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It won't solved any for the Chinese to switch to Bitcoin because of the tariff war. They still need to find and make money for their export/import from the US.
But with a higher tariff being imposed by the US, this is going to be very hard for them as they also rely to the US for goods no matter what. Switching to Bitcoin might just make it worst though. If there is something that they can do, then force BRICS to used Yuan or Rubbles and stay away from the US dollar.
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China could've switched to Bitcoin way earlier as there were so many mining farms in China and it used to have so many awesome miners. However, it din't consider Bitcoin that much and that's why it didn't switched to it. They won't switch to it now as well as that would adversely impact their currency.
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The tariff war has a strong impact on many countries, especially the Chinese. But even if it affects the Chinese, they do not want to deal with it. Because their country does not need much Bitcoin. Although the Chinese have already converted the amount of Bitcoin they had. Due to this influence, investors in other countries are facing risks. Because Bitcoin has fallen by 25% compared to this year. Investors are blaming Trump for this. The market has been going down, especially because of Trump's progressive role.
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Certainly, there can be some savvy Chinese investors and businessmen and even ordinary guys like us who are looking at Bitcoin as an alternative all because there is a big chance that Yuan can be affected but overall I don't see a massive shift to Bitcoin all because of the ongoing tariff war initiated by Trump and is working against the economic interest of China. Eventually, this tariff war with China will be settled gradually as China will realize they could not afford to lose the huge USA market. Other countries are already on the negotiation table...and what we saw in the past days is just Trump stirring the pond so the global market will listen with the message that this time he is serious.
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I had once written a post some weeks ago on the Chinese government continuous stand on crypto, and i stated that, "China may have a loose end on it crypto stand in near future".
Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
To be frank, I don't give a damn how China handles this ongoing tariff war with the US, whether she switches to cryptos or continues to maintain the Yuan. I'm nonchalant about all that because China did this industry dirty in 2017 with a ban on cryptos that nearly shattered the crypto space. Let her bear her burden.
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The tariff war has a strong impact on many countries, especially the Chinese. But even if it affects the Chinese, they do not want to deal with it. Because their country does not need much Bitcoin. Although the Chinese have already converted the amount of Bitcoin they had. Due to this influence, investors in other countries are facing risks. Because Bitcoin has fallen by 25% compared to this year. Investors are blaming Trump for this. The market has been going down, especially because of Trump's progressive role.
I don't agree with you, Bitcoin is a big alternative on the tarrif war, despite some of these countries alliance with each others to ease the impact of tariff war, China in particular has been doing underground business transactions with Russia.
Take a look here: https://finance.yahoo.com/news/china-russia-settle-energy-trades-012147370.html
In my opinion, Bitcoin may turn the last alternate to settle trading activities between some of these countries that are strongly affected by the tariff war.
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I don't agree with you, Bitcoin is a big alternative on the tarrif war, despite some of these countries alliance with each others to ease the impact of tariff war, China in particular has been doing underground business transactions with Russia.
And how will Bitcoin save China's exports to the USA in this tariff war?
Bitcoin is just a currency, it doesn't matter how you use it and who uses it, The moment a country says everything entering the customs from one other country will be tarriffed 120% it doens't matter how you apdi for, euros, USD, bitcoin, gold, it will still be taxed 120%.
Let's assume Amazon will pay for all its China imports with Bitcoin, how will this avoid tariffs when the value of the goods will be taxed in the customs?
Seriously, how in the name of god will crypto solve anything in this tariff war?
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Many people may think otherwise, but as the tariff war is currently blowing hard on all the country involved, it must have lead to Chinese business switching to Bitcoin as many crypto analysis are showing. Considering that the effect of the tariff war is getting hold on the Yuan, even as Chinese business are diverting their yaun into bitcoin many crypto analyst reported.
I had once written a post some weeks ago on the Chinese government continuous stand on crypto, and i stated that, "China may have a loose end on it crypto stand in near future".
Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
Check here: https://cointelegraph.com/news/china-counters-tariffs-yuan-devaluation-bullish-btc
It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
Well, I don't see any value in crypto that could save China in the tariff war or the deflation crisis they're deeply mired in. Unlike Russia, China isn't subject to sanctions, they still have access to $US, and there's no need for them to use crypto to circumvent sanctions. Accepting crypto might bring in income tax from crypto, but I believe it wouldn't be a large enough sum to change China economy.
One possibility for China to change its view on BTC & crypto is if they want to accumulate crypto for a long-term financial race, if they believe that BTC will become very valuable and crypto will soon become an important asset class globally. However, they haven't shared anything yet, they're quietly researching blockchain applications and accumulating gold. BTC isn't their priority, unless they're willing to send 1M BTC to Trump as a gift for tariff negotiations ^^
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I don't agree with you, Bitcoin is a big alternative on the tarrif war, despite some of these countries alliance with each others to ease the impact of tariff war, China in particular has been doing underground business transactions with Russia.
And how will Bitcoin save China's exports to the USA in this tariff war?
Bitcoin is just a currency, it doesn't matter how you use it and who uses it, The moment a country says everything entering the customs from one other country will be tarriffed 120% it doens't matter how you apdi for, euros, USD, bitcoin, gold, it will still be taxed 120%.
Let's assume Amazon will pay for all its China imports with Bitcoin, how will this avoid tariffs when the value of the goods will be taxed in the customs?
Seriously, how in the name of god will crypto solve anything in this tariff war?
Economically speaking, the impact of the tarrif war will affect Amazon because is a US based company. Before now, trades were not settled with Bitcoin between US, China and others countries, but considering other countries with similar tarrif issues with the US; it becomes possible to settle international trades with Bitcoin if other countries has this trades agreement, and the impact of the tariff war will be reduced.
Again, international settlement currency is the US dollar not Bitcoin, and that is one of the reasons the US has been increasing the tarrif rates.
Try to understand the simple economics structure, If Amazon is a Russian based company for instance, settlement is possible with Bitcoin. In addition, US dollar is the world international trade exchange currency, until now, there has not been an alternative means of settling international trade transactions basically because of exchange rate barriers plus other factors, but with Bitcoin, trades globally can be agreed and settled with Bitcoin payments even if these good are valued in US dollar at the point of purchase.
I would love a situation where we can go deeper in to the economics of those whole tariff war besides some political aspects. First, talking about GDP in relations with imports of a country.
In summary, and as an economics,bi think the US has the capacity to produce most of these imported goods from China, but they had decided to import these items due to many factors that we may not discuss at once here.
Now, every nation wants to be wealthy, and economically strong. To achieve this fit, GDP must be very strong, otherwise a notion's economy will suffer, it can even lead to hyper inflation if not handle properly etc.
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I would love a situation where we can go deeper in to the economics of those whole tariff war besides some political aspects.
Yeah, I would love that too because my parents business is exporting stuff all over Europe and importing stuff from all over the world, including machinery from the US.
So, I love to go deeper into this thing because, frankly, you have no clue what you're talking about!
ZERO!!!
In addition, US dollar is the world international trade exchange currency, until now, there has not been an alternative means of settling international trade transactions basically because of exchange rate barriers plus other factors, but with Bitcoin, trades globally can be agreed and settled with Bitcoin payments even if these good are valued in US dollar at the point of purchase
Lol, you clearly don't understand how tariffs work.
I, as an european company can pay for a product to be delivered to a subsidiary in the US from China, I pay in euros, this doesn't affect the tariffs at all, my subsidiary in US will still be forced by the customs to pay the additional sum on the purchase.
Bitcoin doesn'tt solve anything, tarrifs are applied when the products enter the US on the value of the product, the IRS and the Customs don't give a damn how you paid, you could have paid in unicorn farts, if the value of the package is $1000 you will pay $1450 extra, if the value of the package is 1 Bitcoin, you will have to pay 1.45 Bitcoin equivalent at the day of the transactions!
There are miners here that have bought ASICs from Bitmain, paying with Bitcoin, do you think they magically avoided the tariffs Trump set in his first term?
Seriously, stop lecturing people who have years of experience in international trade and logistics about tariffs!
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Why are you guys looking for a way to connect China to BTC at every opportunity, they already made their feelings clear about BTC, and that is that. BTC does not really need approval from China, and China does not need BTC, let it stay that way, no need to bring up theories that don't count.
Because China is the largest country in the world that has banned trading in BTC (and cryptocurrencies in general), and everyone wants that ban to miraculously disappear and for all Chinese to start buying cryptocurrencies and thus pump up the price. Of course, BTC makes no sense for China because it brings them far more problems than benefits - and besides, under this kind of political system, they will never question their national currency and ask for a replacement.
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I think i already heard of a news articles which talks about the plan of China together with Russian in using bitcoin, though we never have more clear ground on their individual stands towards this, but we hope its something that will also bring about the economic continuity of the regions as well as those who have seen bitcoin in cryptocurrency as a rescue means from the swift sanction and other way forward for them.
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I guess one of the reasons the Chinese government is against BTC is to keep the value of their currency firm and standing, so now that the effect is coming from the Tariff war, I think they just have to find another way to tackle it because it would be uncertain if they go back to what they've stand against.
Peradventure they see no option rather than accepting what they've already despised, then I don't think anybody can hold them since BTC is decentralized in nature.
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I guess one of the reasons the Chinese government is against BTC is to keep the value of their currency firm and standing, so now that the effect is coming from the Tariff war, I think they just have to find another way to tackle it because it would be uncertain if they go back to what they've stand against.
Peradventure they see no option rather than accepting what they've already despised, then I don't think anybody can hold them since BTC is decentralized in nature.
That's what they call capital flight, China is preventing the use of BTC that time because their population are putting their money on BTC and then going somewhere else with their hardware wallet.
And even with this tariff war against the US, i do not see them suddenly flip the switch and siding with BTC. It might be good for them in the long run, but they are too proud to admit it.
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Why are you guys looking for a way to connect China to BTC at every opportunity, they already made their feelings clear about BTC, and that is that. BTC does not really need approval from China, and China does not need BTC, let it stay that way, no need to bring up theories that don't count.
Are you sure about that?
Remember that JPMorgan had a negative stance about Bitcoin a few years ago. Now, they aren't supporting it, but their stance is completely different from what it is. The best example is Larry Fink of Blackrock where he said negative things about Bitcoin in the past as well same with Jamie Dimon, but now he already included Bitcoin in his company, Blackrock.
Many are looking for a connection between the two because investors want good news, and when the CCP change their stance about BTC, that would be good news for them hence, pushing the price upwards. Yes, BTC doesn't need China since Bitcoin will be fine without them but isn't it a positive news if we will see on the article "China is buying Bitcoin. Has changed their stance about it." as the headline?
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China will never embrace crypto and they would rather wait out the trade war by using their BRICS connections.
It will be really hard to beat China in a trade war, but Trump's administration thinks they can do it so we will see.
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Why are you guys looking for a way to connect China to BTC at every opportunity, they already made their feelings clear about BTC, and that is that. BTC does not really need approval from China, and China does not need BTC, let it stay that way, no need to bring up theories that don't count.
Are you sure about that?
Remember that JPMorgan had a negative stance about Bitcoin a few years ago. Now, they aren't supporting it, but their stance is completely different from what it is. The best example is Larry Fink of Blackrock where he said negative things about Bitcoin in the past as well same with Jamie Dimon, but now he already included Bitcoin in his company, Blackrock.
~snip~
You are comparing the incomparable - China is a state, and JPM and BR are private companies that exist to make a profit. We cannot simply expect China's attitude towards BTC to change while the same policy prevails there, which is obsessed with complete control of everyone and everything.
As I already wrote, China gains nothing from BTC (at the state level), and loses much more because it has no control over money flows due to the way BTC works.
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I would love a situation where we can go deeper in to the economics of those whole tariff war besides some political aspects.
Yeah, I would love that too because my parents business is exporting stuff all over Europe and importing stuff from all over the world, including machinery from the US.
So, I love to go deeper into this thing because, frankly, you have no clue what you're talking about!
ZERO!!!
In addition, US dollar is the world international trade exchange currency, until now, there has not been an alternative means of settling international trade transactions basically because of exchange rate barriers plus other factors, but with Bitcoin, trades globally can be agreed and settled with Bitcoin payments even if these good are valued in US dollar at the point of purchase
Lol, you clearly don't understand how tariffs work.
I, as an european company can pay for a product to be delivered to a subsidiary in the US from China, I pay in euros, this doesn't affect the tariffs at all, my subsidiary in US will still be forced by the customs to pay the additional sum on the purchase.
Bitcoin doesn'tt solve anything, tarrifs are applied when the products enter the US on the value of the product, the IRS and the Customs don't give a damn how you paid, you could have paid in unicorn farts, if the value of the package is $1000 you will pay $1450 extra, if the value of the package is 1 Bitcoin, you will have to pay 1.45 Bitcoin equivalent at the day of the transactions!
There are miners here that have bought ASICs from Bitmain, paying with Bitcoin, do you think they magically avoided the tariffs Trump set in his first term?
Seriously, stop lecturing people who have years of experience in international trade and logistics about tariffs!
Importing personal effects is not the same when governments are buying from each others certain goods and services (especially raw materials) In economics, There are comparative advantages of productions and services of certain goods and services that may not be abtainabe among nations. Every nation has goods and services required amongst each other which they may not have adequate humans and materials resources to produce them. This is where the higher tarrif comes in particular between countries.
There are countries that has advantage over others in the production of certain goods, even raw materials for productions requires these tariffs.
Finished goods import tarrif is different from raw materials for productions. For example, Russia has to increase the cost of gas supply to Europe because of her advantage over the rest of Europe and this resulted on a High gas tarrif from Russia.
Well, I will cease here, and wait for more posts from those who has deeper economic knowledge on these issues and not necessarily from computer experts for a further knowledge sharing.
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rumor was that there are BTC mining farms that are backed by Chinese government, if they are seriously going to accumulate BTC because all other countries are going to be using BTC, China will be mining them all and cancel exporting ASIC devices to other countries.
or maybe ask more than 145% tariff from ASIC miners. they have already considered stopping the importation of rare earth materials to US as far as i know.
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Many people may think otherwise, but as the tariff war is currently blowing hard on all the country involved, it must have lead to Chinese business switching to Bitcoin as many crypto analysis are showing. Considering that the effect of the tariff war is getting hold on the Yuan, even as Chinese business are diverting their yaun into bitcoin many crypto analyst reported.
I had once written a post some weeks ago on the Chinese government continuous stand on crypto, and i stated that, "China may have a loose end on it crypto stand in near future".
Now based on the current Tarrif war, do you think that China will reconsider it initial crypto stand, that is, the crypto banned?
Check here: https://cointelegraph.com/news/china-counters-tariffs-yuan-devaluation-bullish-btc
It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
It is difficult to predict what China's stance is. They must have deep concerns about what they will do. Recently, Trump suspended tariffs on other countries' products, but they did not do so on China, but they increased them several times. I think a kind of war has started. However, China will never want to accept a currency like Bitcoin as a tool. Because the United States holds the Bitcoin reserves and other large holders are based in that country. This can be one reason not to hold bitcoin I think they are leaning towards gold, although Bitcoin would have been a good option for them, but they are probably moving towards gold without giving importance to that aspect. That is why we see that the price of gold has increased significantly. Bitcoin is a decentralized currency, so if they invest in this platform, they are sure to be profitable.
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Don't know hiw realistic this is, but I'd really like to see something like this happen, an institution like China officially adopting BTC, would have a huge effect on crypto's ecosytem. Fingers crossed though.
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Don't know hiw realistic this is, but I'd really like to see something like this happen, an institution like China officially adopting BTC, would have a huge effect on crypto's ecosytem. Fingers crossed though.
China is a country, not an institution. I don't know why some of you live in the belief that Bitcoin changes anything in the context of the economy of such a large country that has a GDP of slightly less than $19 trillion - and all the BTC that has been mined so far is worth $1.7 trillion. Even if China miraculously has 50% of all BTC in its possession, what would that mean for them?
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Importing personal effects is not the same when governments are buying from each others certain goods and services (especially raw materials) In economics,
Loooooooooool, no wait...lOOOOOOOOOOL
Do you actually believe that governments buy stuff from each other?
Do you think the Bundeskabinett is buying gas from Правительство России and not that private companies from Germany buy gas from Gazprom?
You actually think, lol, this is insane, trade is done between the governments?
There are countries that has advantage over others in the production of certain goods, even raw materials for productions requires these tariffs.
My god, really?
https://trade.ec.europa.eu/access-to-markets/en/content/tariffs-0
Well, I will cease here, and wait for more posts from those who has deeper economic knowledge on these issues and not necessarily from computer experts for a further knowledge sharing.
When you say computer experts, you mean one that has no idea what he is talking about like you are doing here right now, isn't that?
So, leaving aside the fact that you have proven that you haven't studied economics one hour in your whole life, again, the question:
How would Bitcoin adoption dodge tariffs?
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China will never embrace crypto and they would rather wait out the trade war by using their BRICS connections.
It will be really hard to beat China in a trade war, but Trump's administration thinks they can do it so we will see.
Plus one for you. From the war the Tariff War is going it has become a economic war of who to dominate a particular territory. And China will not easily give up this fight because they have secretly taken over many countries that America government was controlling. But my prayer is that that should not lead to World War Three. This is really worrisome. The war that is going on the international level is worrisome right now.
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China will never embrace crypto and they would rather wait out the trade war by using their BRICS connections.
It will be really hard to beat China in a trade war, but Trump's administration thinks they can do it so we will see.
Plus one for you. From the war the Tariff War is going it has become a economic war of who to dominate a particular territory. And China will not easily give up this fight because they have secretly taken over many countries that America government was controlling. But my prayer is that that should not lead to World War Three. This is really worrisome. The war that is going on the international level is worrisome right now.
Just like what they did on Vietnam,
China's President Xi Jinping has called on Vietnam to oppose "unilateral bullying" to upkeep a global system of free trade - though he stopped short of naming the US.
It comes as Xi is on a so called "charm offensive" trip across South East Asia, which will also see him visit Malaysia and Cambodia.
Though the trip was long-planned, it has taken on heightened significance in the wake of a mounting trade war between the US and China. Vietnam was facing US tariffs of up to 46% before the Trump administration issued a 90-day pause last week.
US President Donald Trump called Xi's meeting with Vietnamese leaders a ploy to figure out how to "screw the United States of America".
https://www.bbc.com/news/articles/cdrgk2338dvo
So for this one, I think the Chinese has ou tmanuevered US already.
But for the case of Bitcoin, I also doubt that Chinese will embrace it since they have been against it since early 2018. So they will have to find or look for their allies like Russia to counter this huge tariff that Trump is imposing on them.
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China will never embrace crypto and they would rather wait out the trade war by using their BRICS connections.
It will be really hard to beat China in a trade war, but Trump's administration thinks they can do it so we will see.
Plus one for you. From the war the Tariff War is going it has become a economic war of who to dominate a particular territory. And China will not easily give up this fight because they have secretly taken over many countries that America government was controlling. But my prayer is that that should not lead to World War Three. This is really worrisome. The war that is going on the international level is worrisome right now.
I can understand that especially with the rising tensions between the superpowers. But still, behind all the tactics of this economic and political jostle of three sisters I remain with the opinion that the interest of connectivity is stronger. Supply chains, investments, and joint deals with the major powers have become interconnected, it is not possible to endanger them thoughtlessly. There is rivalry, thereby power but not every bid for power comes with a war or shooting in the dark. I also agree with the view that this is something that needs to be looked at by the different parties and act as the turning point on how they compete. Pursuing the logic of reasonable voices and free will, the world cannot be heading for the major collapse.
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It may be very interesting for the Bitcoin community if the Chinese governments is turning to Bitcoin, probably to save the Yuan.
the country is full of high self-confidence.. even when their Yuan weakened due to the impact of Trump's excessive tariffs specifically for goods originating from China, I never thought Bitcoin was the only solution for them... I don't know, why Bitcoin? I always think about their self-confidence that can always overcome the problems of the Chinese government... this country is a developed country and can even compete with the US...
This tariff war may weaken the Yuan, but I still doubt whether there is a strong reason for China to immediately change their previous stance on Bitcoin... there is really no view for that... so I don't think China will adopt Bitcoin anytime soon...
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https://www.bbc.com/news/articles/cdrgk2338dvo
So for this one, I think the Chinese has ou tmanuevered US already.
Vietnam hates China more than the US.
At least with the US they had a war about leadership, not about territories, with China, the threat of invasion has been there for a thousand years.
Vietnam is not happy with their dependency on China is not happy with dependcy on US, without China they are screwed without the US they are screwed, they are basically repacking and reselling a ton of stuff, their exports are almost the same as their GDP, either way they are in a bad situation.