#TrumpCongressSpeech
On March 4, 2025, Donald Trump delivered a speech with a strong economic focus, highlighting measures that impact both the traditional economy and the cryptocurrency sector. In the economic realm, Trump confirmed the implementation of a 25% tariff on imports from Mexico and Canada starting March 5, following a month of negotiations with both countries. This measure aims to protect domestic production but generated a negative reaction in the markets, with significant declines on Wall Street (Dow Jones -1.48%, S&P 500 -1.76%, Nasdaq -2.64%), reflecting concern over its implications for international trade and risk assets.
Regarding cryptocurrencies, the speech marked a shift from his initial supportive stance towards the sector. Trump announced the inclusion of three new tokens in the United States' strategic cryptocurrency reserve, which initially boosted optimism in the industry. However, the confirmation of the tariffs overshadowed this advancement, triggering a sharp drop in the prices of major cryptocurrencies: Bitcoin (-8.2%, below 90,000 USD), Ethereum (-15%, at 2,100 USD), and others like Solana (-18.4%) and Ripple (-17.7%). This collapse erased previous gains and highlighted the sensitivity of the crypto market to Trump's broader economic policies, particularly those affecting global financial stability.
In summary, the speech reflected a protectionist economic strategy that, while seeking to strengthen the position of the United States, introduced uncertainty in the financial markets and temporarily weakened the cryptocurrency sector, partly contradicting the expectations of a favorable environment that Trump had previously promoted.
