Crypto’s Tariff Spiral – BitRss

1️⃣ Trump Threatens U.S. Allies with Tariffs

Trump’s recent announcement he planned to add an additional 25% tariff on imports into the U.S. from Canada and Mexico has triggered market pandemonium as investors bet on whether he’s playing 5D chess or is in over his head. Mexico and Canada both responded by implementing tariffs on goods imported from the U.S., but Trump later walked back their launch by agreeing to a 30-day pause. The damage was already done in crypto – prices dropped across the board, with Bitcoin falling as low as $92K and Ethereum taking a drastic dive, wicking down just above $2.1K.