Trump’s initial 145% tariffs on Chinese goods in April 2025 caused market turmoil. A 90-day U.S.-China tariff pause, effective early May, reduced tariffs to 30% on Chinese imports and 10% on U.S. goods to China, with the "de minimis" tariff cut from 120% to 54%. This eased tensions, boosting markets.
April tariffs triggered an 11.63% crypto market cap drop, with $300 billion lost and $300 million in liquidations. Bitcoin fell 10%, and crypto stocks like Coinbase dropped 5–8%.
$BTC hit $100,000 on May 8, 2025, with Ether up 14%, driven by tariff relief and a U.S.-U.K. trade deal. Bitcoin’s safe-haven status and Trump’s pro-crypto stance aided recovery.
Tariffs raised U.S. miners’ costs due to pricier Chinese equipment. Stablecoin use grew, and volatility created trading opportunities.
Tariffs increased U.S. consumer costs by 2% ($2,237/household annually) and may cut 2025 GDP by 0.7%. Uncertainty persists as the tariff pause is temporary, the crypto market remains volatile, with regulatory tensions (e.g., stalled stablecoin bill) and potential tariff re-escalation posing risks. Monitor U.S.-China talks for updates.#TrumpTariffs
Meanwhile, GLONK token has experienced a significant surge in both price and trading around $0.00264 with 24-Hour Price Up by 6,913% and 24-Hour Trading Volume around $69.89 million via BingX data, Circulating Supply approximately 999.88 million tokens. This dramatic increase in price and volume indicates a heightened interest in GLONK, possibly driven by recent developments, expanding its accessibility to a broader user base.
