US President Donald Trump has confirmed that the US is currently engaged in a trade war with China after threatening a 100% tariff on all Chinese imports last week.
“Well, we’re in one now,” Trump stated when asked by White House reporters if the US is gearing up for a “sustained trade war with China.”
”Without tariffs, we would be exposed as having no defense,” Trump elaborated, describing the tariffs as a crucial measure for America’s national security.
🚨 JUST IN: President Trump declares the United States is in a TRADE WAR with China
“We’re in one now!”
“We have 100% tariffs.”
“If we didn’t have tariffs, we would have no defense. They’ve used tariffs on us.”pic.twitter.com/o360DtdsaQ
— Eric Daugherty (@EricLDaugh) October 15, 2025
A social media post from Trump last Friday warning of the tariffs triggered a crypto market crash, causing Bitcoin (BTC) to plummet from approximately $121,560 to below $103,000 in a matter of hours.
Related: $19B crypto market crash: Was it leverage, China tariffs or both?
Trump indicated he would impose a 100% tariff on China after the country tightened its export controls on rare earth minerals essential for manufacturing computer chips.
Despite Trump’s recent remarks, there hasn’t been a notable market selloff, with Bitcoin rising 0.1% in the last hour, according to CoinGecko data.
This is a developing story, and updates will be provided as more information becomes available.
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