Trump’s Tariffs Trigger Volatility in Cryptocurrency Markets

Cryptocurrencies experienced a sharp decline following U.S. President Donald Trump’s declaration of a national emergency and imposition of broad tariffs on various countries. While initial market reaction was positive, the announcement sparked volatility as details emerged. 10% tariffs will be applied to all countries starting April 5th with some facing more severe increases: China at 34%, the EU at 20%, and Japan at 24%. Trump justified these actions by claiming the U.S. only charged half of what other nations did, drawing criticism from experts and analysts.