📈Trump’s Tariffs: How They Shook Global Markets — And What It Means for Crypto
When Donald Trump slapped hefty tariffs on China and other trading partners, it didn’t just rattle factories — it sent shockwaves through global markets.
Under Trump’s “America First” policy, the U.S. targeted imports from China with billions in tariffs, sparking a trade war that hit everything from soybeans to smartphones. The aim? Protect U.S. jobs, reduce the trade deficit, and push back against China’s trade practices.But tariffs don’t come cheap — they raised prices for businesses and consumers. American farmers needed bailouts. Global supply chains scrambled. Stocks swung wildly whenever new tariff threats hit the news.
So why does this matter to crypto?
Trade tensions can weaken fiat currencies, push investors toward alternative assets like Bitcoin, and add volatility — exactly what crypto traders watch for. During the U.S.-China trade war, Bitcoin even earned the nickname “digital gold” as some investors sought a hedge against economic uncertainty.
Even today, many of Trump’s tariffs remain in place under President Biden, reminding us that big economic moves don’t just affect Wall Street — they ripple into DeFi, blockchain, and crypto trading too.