Bankless
ROLLUP: Trump Tariff Whiplash | China Trade War | Inflation Jitters | Paul Atkins New SEC Chair | MegaETH Testnet
Apr 11, 2025
Join Haseeb Qureshi, a general partner at Dragonfly, as he unpacks the chaos surrounding Trump's new tariffs and the intensifying trade war with China. He dives into the economic repercussions, including market volatility and rising recession fears. Haseeb also examines how these factors intersect with the cryptocurrency landscape, especially in relation to Bitcoin and altcoins amidst regulatory shifts from the newly appointed SEC chair. Plus, get insights into the exciting developments of the MegaEth testnet and its potential to reshape Ethereum's infrastructure.
01:04:09
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Trump's new tariffs have plunged the stock market, complicating both U.S.-China relations and global trade dynamics significantly.
- Investor sentiment has soured due to unclear trade policies, causing many to pause investments amid ongoing economic uncertainty.
Deep dives
Recent Trade War Developments
A recent trade war has escalated between the United States and China, following significant tariff announcements. A 10 percent baseline tariff was imposed globally, along with staggering reciprocal tariffs of 30-80 percent on 86 countries. The stock market reacted negatively, with the S&P 500 plunging 16 percent, marking one of the fastest declines in history. As tensions simmered, negotiations ensued with other nations, while China retaliated with its own tariffs, leading to increasingly strained relations.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
