$BTC

Here’s a refined summary of the Trump-era tariff landscape and market impact

🚨 1. New Tariff Threats & Timing

President Trump has issued threats to impose unilateral tariffs on over 150 countries, setting a July 9 deadline for new trade agreements—otherwise, he’ll initiate duties ranging from 25% to as high as 55% on partners like China, Canada, Mexico, and the EU .

So far, deals have been negotiated with the UK and tentatively with China, where the U.S. agreed to lower some curbs in exchange for rare-earth exports; however, massive tariffs (e.g., 55% on Chinese goods) remain in place .

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⚠️ 2. Market Reaction & Volatility

Markets have reacted sharply:

The Dow dropped ~230 points, with the S&P 500 and Nasdaq slipping ~0.3% following tariff threats. The VIX surged ~5% .

This is reminiscent of the broader March sell-offs when 25% tariffs on Canada/Mexico and 10–20% on China took effect—stocks and crypto (e.g., Bitcoin) dropped and volatility spiked .

U.S. futures initially fell but showed resilience as negotiations progressed (e.g., EU delay helped calm markets) .