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Trump announced a bold trade move: a 10% base tariff on most global imports, plus steeper retaliatory tariffs on dozens of countries. Dubbed "Tariff War 2.0," it shook global markets—Bitcoin dropped 5% to $82,500.
Trump said, “Our country’s been plundered for decades. It’s time to fight back.” The goal? Boost U.S. manufacturing and jobs. Tariffs kick in April 5 at 10%, with country-specific rates like 54% for China, 46% for Vietnam, 30% for South Africa, and 20% for the EU starting April 9.
Crypto felt the heat too. Bitcoin briefly hit $88,000 before crashing to $82,500, while ETH fell to $1,781. This shows how sensitive blockchain assets are to macro policies
Interestingly, Trump also axed the "De Minimis" rule, ending tax exemptions for packages under $800 from China and Hong Kong. This could hit blockchain-based cross-border e-commerce hard. 0 reply
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