#TrumpTariffs As of May 2025, Binance reports that President Donald Trump has announced significant tariff increases on countries imposing tariffs on the U.S., aiming to counteract foreign trade barriers and bolster American industries . These measures include a 10% base tariff on all imports and up to 145% on Chinese goods, leading to global trade tensions and retaliatory tariffs from nations like China and India . Economists warn of potential inflation and economic slowdown, while Trump anticipates a stock market surge . In the crypto sector, such uncertainty has driven investors toward assets like Bitcoin as safe havens .