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**Trump Declares US Trade War with China, Bitcoin Immediately Drops to $110K!**
The President of the United States (AS) Donald Trump declared that his country is at war with China. Both are involved in a trade war that has caused Bitcoin (BTC) to plummet to US$110 thousand.
"Well, you are now in it," he said, confirming a reporter's question about whether the two largest economies in the world are in a tariff war.
Furthermore, Trump added that if the two do not reach a tariff agreement, then the trade war will continue.
He said that tariffs are a weapon for the US to defend the country. According to him, if there are no tariffs, his country will be considered weak.
As information, the crypto market directly responded to the news. It was observed that the majority of altcoins experienced a decline, although not as severe as last week.