#TrumpTariffs

Latest Developments on Trump Tariffs and Their Impact on the Crypto Market (May 2025):

On May 23, 2025, Donald Trump announced a 50% tariff on all European Union imports starting June 1, and also threatened a 25% tariff on all imported smartphones (including iPhone and Samsung) unless they are manufactured within America.

Direct Impact on the Cryptocurrency Market:

The price of Bitcoin dropped to around $108,500.

A loss of over $130 billion in market value for the crypto market within hours.

Currencies such as $ETH , $SOL , and $XRP also experienced sharp declines.

Reason: Investor concerns about a global economic slowdown and rising trade tensions, prompting them to reduce their exposure to risky assets like cryptocurrencies.