The US will impose reciprocal tariffs on international trading partners based on half of each country's respective rates.
The baseline tariffs will be 10% on all imports and 25% on foreign-made cars.
Bitcoin and other top cryptocurrencies, including Ethereum, Solana and XRP, saw major declines following the tariff announcement.
Bitcoin (BTC) and the entire crypto market saw a quick correction on Wednesday following President Donald Trump's reciprocal tariff announcements based on half of each country's respective rates. The tariffs also include a 10% baseline tariff on imports and 25% on foreign-made automobiles.
