Bitcoin Price Reaction to Trump Tariffs: Could Trade Tensions Fuel the Next Crypto Surge?
Mass liquidations, a crypto crash, and panic everywhere — but a top analyst says this could be crypto’s biggest opportunity yet. Could U.S. President Donald Trump’s tariffs actually fuel Bitcoin’s next big move? Bitcoin Price Reaction to Trump Tariffs: Editor’s note: this article was written prior to the U.S. government reaching a tentative deal with Mexico’s government to at the very least suspend implementation of the tariff for one month. You can read about this development here. Crypto markets have taken a sharp downturn following the latest wave of economic uncertainty triggered by new U.S. tariffs. Effective Feb. 1, the U.S. imposed 25% tariffs on imports from Canada and Mexico and 10% tariffs on Chinese goods, escalating trade tensions and adding pressure to global markets.