Trump’s Tariff Announcement Triggers Market Turmoil

U.S. President Donald Trump unveiled new tariffs on imported goods this Wednesday, impacting markets globally. The move included imposing a 10% tariff on all goods and enacting reciprocal tariffs against countries with large trade deficits with the U.S. This announcement triggered immediate market volatility, sending Bitcoin’s price tumbling from an intraday high of $88,500 to $81,200. Notably, this decline impacted cryptocurrencies more severely than Ethereum.