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Trump Announces 100% Tariff on China, Sparks Market Turmoil and Crypto Liquidations

Trump Announces 100% Tariff on China, Sparks Market Turmoil and Crypto Liquidations

Author:

Global Cryptocurrency

Published:

2025-10-11 04:03:01

6

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BTCCSquare news:

President Trump's abrupt declaration of a 100% tariff on Chinese imports effective November 2025 sent shockwaves through global markets. The policy shift triggered a cascade of liquidations across cryptocurrency markets as investors scrambled to de-risk.

Digital assets saw historic sell-offs amid the macroeconomic uncertainty, with Bitcoin and ethereum leading the downturn. The move follows Beijing's recent trade restrictions, escalating the US-China trade war to unprecedented levels.

By:

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