Trump Imposes 100% Tariff on Chinese Imports: Market Reaction and Volatility Surge

President Trump’s recent announcement of a 100% tariff on all imports from China has sent shockwaves through global markets, prompting significant declines in both equity and cryptocurrency prices. Effective November 1st, this policy aims to counter China’s export restrictions on rare earth minerals. The tariffs have triggered immediate sell-offs in major cryptocurrencies like Bitcoin and Ethereum, with investors seeking safe havens in stablecoins such as USDT. While the specific impact of these tariffs remains to be seen, analysts predict further volatility and a shift toward more stable assets as global markets grapple with this drastic change.