BREAKING: The new tariff increase on steel and aluminum, from 25% to 50%, will go into effect starting Wednesday, June 4. Trump described this move as a tremendous victory for the United States, saying:
“Our steel and aluminum industries will experience a revival like never before. This is more great news for our incredible steel and aluminum workers.”
This tariff hike is believed to be one of the main reasons behind this morning's drop in crypto prices.