‼️Trump Sparks Trade War: Markets in Panic
🇺🇸 Donald Trump has signed an executive order imposing 25% tariffs on imports from Canada and Mexico, as well as 10% on Chinese goods.
⚡️ The official reason cited is the fight against drug trafficking and illegal immigration, but experts see this as a new escalation of the global economic conflict.
❗️ The response was swift: Canada and Mexico announced retaliatory measures, while China is preparing a lawsuit at the World Trade Organization (WTO) and may impose sanctions against the U.S. tech sector.
📉 As a result:
— U.S. stock indices began to decline rapidly.
— BTC plunged to $91,000;
— ETH dropped below $2,100;
— Meme coins crashed by 30-40%.
Coinglass: In the last 24 hours, $2,000,000,000 worth of crypto positions were liquidated.
🔽 Long traders took the biggest hit, losing $1.79 billion.
🟠 A total of 708,604 traders were affected, with the largest liquidation happening on Binance in the ETH/USDT pair — totaling $25.64 million.
