Here's an interesting breakdown of where trade tensions really stand:

US-China trade dynamics look pretty skewed. Washington is hitting Chinese goods at 47.5% average tariffs, while Beijing's response sits at 31.9%. That's a notable gap.

But zoom out—the asymmetry gets more telling. US tariffs on everyone else average just 18.4%, compared to China's 6.5% on the rest of the world.

Translation? The US is playing hardball specifically with China, not applying uniform trade pressure globally. China's keeping its global tariff approach relatively moderate. For crypto markets, these dynamics matter—trade friction typically drives capital flows into alternative assets and increases macro uncertainty that impacts volatility and sentiment.