Trump’s New Tariffs Spark Volatility in Cryptocurrency Markets

President Trump implemented new tariffs in May 2025, impacting both domestic and international markets. These tariffs aim to generate increased federal revenue by levying a 10% tariff on all imports and a 20% specific charge against Chinese goods. The primary motivation behind these tariffs is addressing the synthetic opioid crisis. The potential economic ramifications of this policy are significant, with analysts predicting increases in consumer costs and a possible decline in GDP.