The #TrumpTariffs, announced by President Donald Trump, have sent shockwaves through global markets, including Binance, the world’s largest cryptocurrency exchange. These sweeping tariffs, imposing duties like 25% on Canada and Mexico and 34% on China, aim to boost U.S. manufacturing but risk igniting a trade war. On Binance, Bitcoin and altcoins like Ethereum and BNB saw sharp volatility, with prices dropping as investors fled risk assets. Meme coins, including Trump’s own “Official Trump,” plummeted, reflecting market panic. Binance traders faced over $500 million in liquidations, underscoring the tariffs’ disruptive impact on crypto sentiment and trading activity in 2025.