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👍 Trump announced the impending signing of a trade agreement with China, asserting that tariffs on Chinese imports will not return to the level of 145% even if they rise.

🇪🇺 He sharply criticized the European Union with threats to increase healthcare costs. He referred to resetting bilateral relations, focusing on stopping fentanyl supplies and reducing drug prices by up to 90%.

In a surprise move, US President Donald Trump signed an executive order slashing prescription drug prices by up to 80%. This decision aims to reduce the burden on American citizens, especially in light of the continuing rise in healthcare costs.

But the surprise was the impact of this decision on financial markets, particularly the cryptocurrency market, where Bitcoin and other digital currencies recorded a sharp decline of more than 30% within hours of the decision's issuance.

In an unexpected turn, the official Trump currency 'MemeCoin' saw a notable increase of 8% in the past 24 hours, following the launch of 4 billion new tokens. Although these tokens represent only 4% of the total supply, they contributed to a 20% increase in the circulating supply.

Broad launches typically lead to price declines, but the 'Trump' token defied this trend, reflecting the increasing demand for the currency. This token is seen as an expression of support for Trump's political principles, rather than just an investment opportunity.

🚨 Chinese President Xi Jinping affirmed that there are no winners in a tariff war, stressing the need for cooperation between China and the European Union to confront unilateral intimidation and protect common interests.

⭕ The Chinese Ministry of Finance announced an increase in tariffs on American goods from 84% to 125%.

⭕ In its response, the ministry confirmed that if Washington continues to undermine China's interests, Beijing will take countermeasures, warning that Trump's tariffs are merely a "numbers game" with no real economic impact.

Trump's tariff policies shake global markets

With Donald Trump returning to the American political arena in 2025 and announcing new tariffs on imports, the global economy entered a state of anxiety and uncertainty. This impact extended to the cryptocurrency market, where Bitcoin and other digital currencies witnessed sharp fluctuations in the early days following the announcement.