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Stocks are sinking and bitcoin is moving higher as the US-China trade war appears to be escalating. Stocks Slide as Trade War Bites On Friday, President Trump’s administration raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 percent. Now, however, the President has said that he’s ready to impose 25 percent on yet another $300 billion worth of Chinese goods. As such, investors are currently waiting for retaliatory measures fromRead MoreThe post Stock Market Plunge, Bitcoin Up as US-China Trade War Escalates appeared first on Bitcoinist.com.