Trump’s China Tariffs Send Bitcoin Plunging as Markets Brace for Economic Fallout

Former President Donald Trump reignited U.S.-China trade tensions by imposing a 100% tariff on all Chinese imports starting November 1, sending shockwaves through global markets and causing significant volatility in the cryptocurrency market. The move underscores crypto’s vulnerability to macroeconomic shifts and global political instability. Bitcoin plummeted over 7%, wiping out nearly $200 billion in crypto market value as traders rushed for safer assets amidst rising economic uncertainty. 2025, marked a return to protectionist policies after years of trade agreements.