Trump unleashes trade war: markets panic

🇫🇷 Donald Trump has signed an executive order imposing tariffs of 25% on imports from Canada and Mexico , and 10% on Chinese products .

⚡️ The official reason given is the fight against drug trafficking and illegal immigration, but experts see it as a further escalation of the global economic conflict.

❗️ The response has been swift: Canada and Mexico have announced retaliatory measures, while China is preparing a lawsuit at the World Trade Organization (WTO) and could impose sanctions against the US technology sector.

📉 As a result:

- U.S. stock market indices began to fall rapidly.

- BTC plunged to $91,000 ;

- ETH fell below $2,100 ;

- Meme coins fell by 30-40% .

Coinglass: In the last 24 hours, crypto positions worth $2,000,000,000 have been liquidated.

🔽 Long-term traders were the hardest hit , losing $1.79 billion .

🟠 A total of 708,604 traders were affected , with the largest liquidation taking place on Binance in the ETH/USDT pair, for a total of $25.64 million .