James Daniel
Published: April 8, 2025 | By Sevenza Business News
Bitcoin Slides Below $76,000 as Tariff Tensions Shake Global Markets
Bitcoin’s bullish momentum hit a wall this week as the world’s largest cryptocurrency tumbled below the $76,000 mark, snapping a months-long uptrend that had excited investors and institutions alike. The decline comes amid growing fears of a global trade war, sparked by fresh tariff threats between the United States and China.
According to analysts at TradingView, Bitcoin’s price action on April 7, 2025, broke a key long-term support level, signaling potential further downside. The selloff coincides with mounting concerns that geopolitical tensions—particularly over U.S. tariffs on Chinese electric vehicles and clean energy products—could spill over into risk asset markets, including crypto.
“Markets are jittery. Bitcoin is being treated less like digital gold and more like a tech stock right now,” said a senior market strategist quoted by TradingView.
Levi Strauss Surges Over 10% After Earnings Beat — But Lesotho Faces 39% Tariff Blow
Levi Strauss & Co. (NYSE: LEVI) saw its shares jump more than 10% on April 8, 2025, after the company reported earnings that blew past Wall Street’s expectations. The surge reflects renewed investor confidence in the denim giant’s ability to reinvent itself and drive profitability through digital sales, cost control, and brand relevance.
Levi’s revenue came in stronger than forecasted, boosted by robust direct-to-consumer growth and disciplined inventory management. The company also showed improving margins despite a challenging global retail environment.
Trouble Beneath the Surface: Lesotho Hit by 39% U.S. Tariff
However, not all stakeholders are celebrating. Lesotho, a small African kingdom that has become a key hub for Levi’s denim manufacturing, is now facing a staggering 39% U.S. tariff on apparel exports. The tariff, enacted under revised trade policies aimed at protecting domestic manufacturers, could undercut the cost advantages that made Lesotho attractive in the first place.
For investors focused on ethical supply chains and emerging markets, this development poses a serious risk. Lesotho’s textile sector employs thousands—mostly women—and disruptions could trigger both operational delays and reputational fallout for Levi Strauss if alternatives aren’t quickly established.
Nike Stock Suffers Worst Drop Since June as Vietnam Tariffs Shake Global Apparel Trade
Nike Inc. (NYSE: NKE) plunged sharply on April 4, 2025, logging its worst trading day since June after news broke that the United States will impose a hefty 46% tariff on Vietnamese-made footwear. The move sent shockwaves through the global apparel and footwear sector, raising urgent questions about the future of low-cost manufacturing and its impact on brand profitability.
The 46% tariff, part of a sweeping U.S. trade recalibration aimed at boosting domestic manufacturing, is expected to severely dent Nike’s revenues—particularly as Vietnam remains one of its largest manufacturing hubs. Investors reacted swiftly. Nike’s stock dropped over 7% in a single session, erasing billions in market capitalization.
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