Trump Imposes New Tariffs Amidst Trade Tensions, Fueling Market Uncertainty

President Trump has taken a decisive action by imposing 10% tariffs on all imports, affecting countries like China and Vietnam with escalating tariffs of 34% and 46%, respectively. This move has triggered immediate market turbulence, as stock indices plummeted by up to 5-6%, signaling growing concerns about an impending recession. The crypto market was not immune to the fallout either; Bitcoin fell by $5,500 in just a short span following Trump’s announcement, ultimately closing at $82,500, representing a 6% drop. The ripple effect has been significant, as investors across various sectors saw their holdings shrink due to market uncertainty.