Crypto Market Crash After Trump's 100% Tariff Announcement on China
The crypto market has experienced a sharp decline following U.S. President Donald Trump's announcement of a 100% tariff on Chinese goods, set to take effect on November 1, 2025.
China had taken an "extraordinarily hostile" stance on trade by sending a global letter outlining new export controls.
The measure is a response to Beijing's export restrictions and has sparked broad selling across digital assets, intensifying market losses. The tariffs will affect nearly every product China produces and some it does not.
- 100% tariff on Chinese goods
- Export controls on critical software
Trump called China's decision "unheard of in international trade" and "a moral disgrace" in dealings between nations.
Author's summary: Trump's tariff announcement sparks crypto market decline.
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