Here are the latest updates on Trump's tariffs and their impact on the crypto market:
1. **Tariff Adjustments**: On May 14, 2025, the U.S. announced a reduction in the 'de minimis' tariffs on small imports. This change could have various implications for different sectors, including the crypto market.
2. **Impact on Bitcoin and Crypto Market**: Bitcoin miners have expressed concerns over the tariffs, with Luxor COO Ethan Vera noting the immediate response from the mining industry. Additionally, Bitcoin's price experienced a decline following the announcement of new tariffs on imported goods.
3. **Market Reactions**: Ethereum saw a significant increase, soaring more than 21% during the same period, as cryptocurrencies and stocks reacted to trade news between the U.S. and U.K. However, the initial boost in the crypto market from the tariff news appears to be fading.
