Circle Squared Alternative Investments founder Jeff Sica analyzes the impact of President Donald Trump's China tariffs on the U.S. stock market and Bitcoin's weekend crash on 'Varney & Co.'

President Trump warned of “big punishment” for China after Beijing halted American soybean purchases, calling it an “economically hostile act.” He threatened to terminate trade involving cooking oil and impose a 100% tariff on Chinese goods starting November 1.

In response to President Trump's sudden decision to slap additional 100% tariffs on Chinese exports, Beijing vowed to "fight to the end" against the trade war.

China vowed to ‘fight to the end’ after US President Donald Trump announced 100% tariffs on Chinese imports. The move followed Beijing’s new export controls on rare earths, escalating the US-China trade war and raising fears over global markets and the planned Trump-Xi meeting.

US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.

President Donald Trump is still expected to meet with Chinese President Xi Jinping in South Korea by the end of the month, Treasury Secretary Scott Bessent said on Monday after trade tensions between the United States and China flared up in recent days.

China announced export controls on rare Earth minerals, leading President Donald Trump to threaten new 100% tariffs on China.