Trump’s Tariffs Spark Market Volatility, Leaving Investors on Edge

U.S. President Donald Trump has shaken the markets with a recent tariff announcement, setting off ripples across traditional and cryptocurrency sectors. A 10% tariff was imposed on imports from all countries except China, while tax hikes for a period of 90 days were delayed. This unexpected move resulted in significant gains for U.S. stock indices, including the S&P 500 which surged by 9.51% and the Nasdaq rising 12.02%. The cryptocurrency market also reacted with Bitcoin increasing 8.43% and Ethereum climbing 13.38%. However, short-term volatility caused a massive $75 million in liquidation as traders responded to the rapid price swings.