On April 2, 2025, President Trump declared a national emergency, imposing tariffs of up to 245% on Chinese imports, escalating a trade war reminiscent of 2018. In retaliation, China imposed its own tariffs, leading to a near halt in US-China trade. The financial markets responded violently, with a sharp drop in the S&P 500. Amidst this turmoil, crypto markets saw initial declines, particularly Bitcoin, which plummeted to $76K before staging a quick recovery to under $85K. This environment of uncertainty continues to shape investor behavior and market strategies.
On April 2, 2025, President Trump declared a national emergency by imposing widespread tariffs, including a baseline of 10% on global imports and up to 245% on Chinese goods.
The financial impact was immediate, with the S&P 500 dropping significantly as uncertainty about the ongoing tariff war instigated bearish trends in markets.
Initially, Bitcoin dropped to around $76K following the tariffs, but the crypto market showed resilience, with Bitcoin recovering to nearly $85K just days later.
The tariff wars resurrect concerns reminiscent of the 2018-2019 era, leading to significant temporary losses across financial markets and impacting investor strategies.
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