$TRUMP
Trump signed a reciprocal tariff order, responding fiercely to the Fluctuation of the encryption market!
President Trump has officially signed a new executive order implementing a reciprocal tariff policy and introducing non-monetary terms, including incorporating value-added tax (VAT) into reciprocal import tax standards. This is intended to further promote US economic growth through 'equivalent' measures with trading partners.
Trump emphasized that this policy will have a positive impact on the United States: "We will charge them as much as they charge us, this is the most effective way." However, the imposition of tariffs will not take effect immediately, the relevant report is expected to be submitted on April 1st, when it will be officially launched.
The executive order comes right after the decision to impose tariffs on China, Mexico, and Canada, and the market is adapting to the uncertainty brought about by the long-term trade war. Trump's tariff measures against these three countries have caused severe Fluctuation in the financial market, especially the crypto market and stock market, both experiencing sharp declines. For example, after announcing tariffs on China, Mexico, and Canada, the price of Bitcoin once fell below $100,000, resulting in a market value loss of $2.2 billion.
Although the market overreacted in the short term, with Trump delaying tariff imposition, the price of Bitcoin rebounded to $101,731. However, the subsequent aluminum and steel tariff policies once again led to Fluctuation in the price of crypto currencies, dropping from $97,000 to $94,000.
This series of policy measures reflects the Trump administration's tough attitude towards global trade, while also highlighting how macroeconomic uncertainty affects the digital asset market.