President Donald Trump announced the imposition of a 100% tariff on all goods imported from China, escalating tensions between the U.S. and China. The tariffs, effective November 1, 2025, target rare-earth materials and related technologies, signaling further strain on the trade relationship. This move came as President Trump has historically employed such aggressive trade policies, influencing technology and manufacturing sectors during his presidency. As a result, the cryptocurrency market experienced a significant sell-off, with notable crypto-related stocks like Circle, Robinhood, Coinbase, and MicroStrategy witnessing declines ranging from 3% to 12%. The lack of new institutional funding in response to the announcement suggests a cautious market outlook as global trade relations become increasingly uncertain.