#TrumpTariffs

⚠️ But not everything is so rosy. Trump nevertheless imposed duties on 25 countries and announced tariffs: 34% China, 24% Japan, 32% Taiwan, India 26%, EU 20% and many others.

🇨🇳 Thus, the US increases overall tariffs on Chinese goods to 54%. Even though it is their main trading partner.

🇨🇦🇲🇽 Canada and Mexico are lucky because they are currently released from mutual US tariffs.

🔽 Against this backdrop, BTC has seen a rare 7% drop, leading to liquidations that amount to over $500 million overnight.