{"id":20380,"date":"2025-04-03T08:46:22","date_gmt":"2025-04-03T08:46:22","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/04\/03\/crypto-volatiles-intensely-following-trumps-tariff-announcement\/"},"modified":"2025-04-03T08:46:22","modified_gmt":"2025-04-03T08:46:22","slug":"crypto-volatiles-intensely-following-trumps-tariff-announcement","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/04\/03\/crypto-volatiles-intensely-following-trumps-tariff-announcement\/","title":{"rendered":"Crypto Volatiles Intensely following Trump&#8217;s Tariff Announcement"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">In the early hours of April 2 (U.S. time), the crypto market was shaken as U.S. President Donald Trump announced comprehensive tariffs on all countries, marking a new escalation in the trade war.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Announced_A_Sky-high_Retaliatory_Tariff_in_Multiple_Countries\"\/><b>Trump Announced A Sky-high Retaliatory Tariff in Multiple Countries<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">During a press conference on April 2, Trump signed an executive order imposing <a href=\"https:\/\/www.cnn.com\/business\/live-news\/tariffs-trump-news-04-02-25\/index.html\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">reciprocal tariffs<\/a> on numerous countries worldwide, aiming to restore what he described as a \u201cfair trade balance\u201d for the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tariffs target a wide range of goods, with rates varying by country and product. The U.S.\u00a0 will impose a standard 10% import tariff on all goods entering the country, with additional retaliatory tariffs applied to certain specific cases. The standard tariff will take effect on April 5.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More concerning are the new retaliatory rates, described as \u201cunprecedented\u201d and extraordinarily high. For instance, tariffs will be 34% for China, 49% for Cambodia, 46% for Vietnam, 20% for the European Union, 24% for Japan, and 26% for India. These retaliatory tariffs will take effect starting April 9.\u00a0<\/span><\/p>\n<div id=\"attachment_150160\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150160\" class=\"lazyload size-large wp-image-150160\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/tariff-1024x774.jpg\" alt=\"Trump Announced A Sky-high Retaliatory Tariff in Multiple Countries\" width=\"1024\" height=\"774\"\/><\/p>\n<p id=\"caption-attachment-150160\" class=\"wp-caption-text\">Source: White House<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Trump described these rates as a \u201cbasic and humane\u201d starting point, emphasizing that he can make adjustments in the future depending on the state of U.S. trade relations.<\/span><\/p>\n<p>The economic impact of these tariffs is expected to be significant. In the U.S., higher import costs could fuel inflation and slow growth, potentially leading to stagflation. Globally, supply chains may be disrupted, trade volumes reduced, and economic tensions heightened. The Tax Foundation estimates Trump\u2019s tariffs could cut U.S. GDP by 0.4% and cost 358,000 jobs, even before foreign retaliation. The WTO warns such protectionism could further shrink global GDP and deepen uncertainty.<\/p>\n<p>Critics argue the U.S. approach is flawed\u2014basing tariffs on trade deficits rather than actual trade barriers\u2014misrepresents global trade dynamics and could harm international competitiveness.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Harsh_Reactions_From_Countries_Global_Trade_War_Escalates\"\/><b>Harsh Reactions From Countries, Global Trade War Escalates<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts are deeply concerned that Trump\u2019s actions will ignite a new global trade war, like China or the European Union (EU). They likely retaliate with their tariffs to protect their domestic economies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The international response to Trump\u2019s tariff announcement has been swift and critical:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.cnn.com\/2025\/04\/02\/business\/china-trump-tariffs-intl-hnk\/index.html\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">China\u2019s Ministry of Commerce<\/a> announced that it would take \u201cresolute countermeasures\u201d against the large-scale tariffs announced by President Trump if the U.S. does not revoke these measures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/apr\/03\/business-news-live-updates-trump-tarrifs-asian-markets-nikkei-asx-wall-st-dow-jones-dollar-euro\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">European Commission<\/a> President Ursula von der Leyen stated, \u201cIf negotiations fail, we are prepared to take further countermeasures in response to the U.S. tariffs.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ireland: The Irish foreign minister expressed deep regret over Trump\u2019s tariff decision.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Brazil: President Lula da Silva\u2019s government announced plans to retaliate against the U.S. tariffs but fears further escalation, as the U.S. could raise its tariffs from 10% to 28% in response.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Despite the backlash, U.S. Treasury Secretary Scott Bessent urged countries not to retaliate, arguing that the tariffs represent a ceiling designed to stabilize markets and reduce the risk of escalating trade tensions. However, this plea is unlikely to deter major economies from taking defensive measures.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Heavy_Blow_to_Traditional_Financial_and_Crypto_Markets\"\/><b>A Heavy Blow to Traditional Financial and Crypto Markets<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">After the news, gold prices surged, surpassing $3,150\/oz, as investors flocked to the safe-haven asset to protect their wealth amid rising uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, traditional financial markets and the cryptocurrency sector have not fared as well. The Kobeissi Letter reported that the S&amp;P 500 lost over $2 trillion in market capitalization, with shares of major tech giants like Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta, and Tesla dropping between 3% and 7% in after-hours trading.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Apr 2, 2025<\/p>\n<p>\u2022 President Trump announced a sweeping new tariff plan.<\/p>\n<p>\u2022 The U.S. will impose a 10% tariff on all imports and higher rates for some nations.<\/p>\n<p>\u2022 U.S. stock futures are tumbling. <a href=\"https:\/\/t.co\/aISjr4ZHyz\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/aISjr4ZHyz<\/a> <a href=\"https:\/\/t.co\/sfIacrNN3E\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/sfIacrNN3E<\/a><\/p>\n<p>\u2014 Brew Markets (@brewmarkets) <a href=\"https:\/\/twitter.com\/brewmarkets\/status\/1907569246474797186?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">April 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The crypto market has also been hit hard. Initially, news of the 10% tariff caused Bitcoin (BTC) to rise slightly. However, the price plunged sharply from $88,500 to below $83,000 right after the full news. Meanwhile, Ethereum (ETH) dropped over 6%, falling from $1,934 to $1,797, according to CoinGecko. The total crypto market capitalization declined by 5.3% to $2.7 trillion. The Fear &amp; Greed Index hit 25, indicating \u201cextreme fear.\u201d<\/span><\/p>\n<div id=\"attachment_150163\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150163\" class=\"size-large wp-image-150163\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/chart-3-1024x747.png\" alt=\"A Heavy Blow to Traditional Financial and Crypto Markets\" width=\"1024\" height=\"747\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150163\" class=\"lazyload size-large wp-image-150163\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/chart-3-1024x747.png\" alt=\"A Heavy Blow to Traditional Financial and Crypto Markets\" width=\"1024\" height=\"747\"\/><\/p>\n<p id=\"caption-attachment-150163\" class=\"wp-caption-text\">Source: Coingecko<\/p>\n<\/div>\n<p>Learn more: <a href=\"https:\/\/nftevening.com\/top-coin-dump-trumps-speech\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">BTC, ETH and XRP Dumped After Trump\u2019s Speech<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Optimistic_Long-term_View\"\/><b>Optimistic Long-term View<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">However, Bitcoin\u2019s price had partially recovered then. David Hernandez (21Shares) noted that such sharp volatility is understandable, but clarity can offer long-term benefits. Although the tariffs are higher than expected, the market remains stable and tends to favor certainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Bitcoin (BTC) saw a slight uptick as investors sought refuge in the leading cryptocurrency, most altcoins either stagnated or declined. The Bitcoin dominance index (BTC.D) remains high, indicating that capital heavily concentrates on BTC, leaving altcoins in a state of sideways movement or decline.<\/span><\/p>\n<div id=\"attachment_150162\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150162\" class=\"wp-image-150162 size-large\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/BTC.D_2025-04-03_12-42-22-e1743659032702-1024x574.png\" alt=\"Optimistic Long-term View\" width=\"1024\" height=\"574\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150162\" class=\"lazyload wp-image-150162 size-large\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/BTC.D_2025-04-03_12-42-22-e1743659032702-1024x574.png\" alt=\"Optimistic Long-term View\" width=\"1024\" height=\"574\"\/><\/p>\n<p id=\"caption-attachment-150162\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">According to CoinGlass, Bitcoin ETF inflows have increased, signaling confidence in BTC as a hedge against economic uncertainty. However, other crypto ETFs, such as ETH ETF, show no significant signs of optimism. ETH ETF inflows remain flat, and many altcoin-focused funds are experiencing outflows, reflecting a lack of investor confidence in the broader crypto market. This divergence underscores the market\u2019s current risk-averse sentiment, as investors prioritize Bitcoin over smaller, more volatile assets.<\/span><\/p>\n<div id=\"attachment_150161\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150161\" class=\"size-large wp-image-150161\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-03-124036-1024x351.png\" alt=\"Optimistic Long-term View\" width=\"1024\" height=\"351\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-150161\" class=\"lazyload size-large wp-image-150161\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-03-124036-1024x351.png\" alt=\"Optimistic Long-term View\" width=\"1024\" height=\"351\"\/><\/p>\n<p id=\"caption-attachment-150161\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The broader crypto market\u2019s stagnation reflects growing fears that Trump\u2019s tariffs could fuel inflation, potentially prompting the Federal Reserve to halt interest rate cuts\u2014a move that would hurt riskier assets like cryptocurrencies. As global trade tensions escalate, both traditional and crypto markets brace for further volatility in the weeks ahead.<\/span><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/crypto-market-volatiles-trump-tariff\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=crypto-market-volatiles-trump-tariff\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the early hours of April 2 (U.S. time), the crypto market was shaken as U.S. President Donald Trump announced comprehensive tariffs on all countries, marking a new escalation in the trade war. Trump Announced A Sky-high Retaliatory Tariff in Multiple Countries During a press conference on April 2, Trump signed an executive order imposing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/04\/Featured-Image-1280x720-PRPartnered.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20380"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=20380"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/20381"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=20380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=20380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=20380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}