US President Donald Trump has made new statements about the ongoing trade war with China, leading to selling pressure in both cryptocurrency markets and broader financial sectors. Trump asserted that tariffs are critical for national security, stating, “If we don’t have tariffs, we don’t have national security.” He also confirmed that the US is engaged in a trade war with China and announced India’s pledge to cease purchasing Russian oil upon conflict resolution. He noted the strain between Ukrainian and Russian leaders, suggesting that Washington is exploring options for a potential new offensive by Ukraine. Trump has stated his intention to closely monitor the tariff case through the Supreme Court. As a result of these announcements, investors pulled back from risky assets. Cryptocurrency saw a brief decline following this shift in sentiment, with Bitcoin falling 1.47% to $111,000 and Ethereum experiencing a drop of 3.5% to $3,978. BNB and Solana also experienced declines of 4.4% and 2.5%, respectively. This decline is not financial advice.