‘National emergency’ as Trump’s tariffs dent crypto prices
A crypto investment specialist at crypto asset manager 21Shares told Cointelegraph that while markets experienced significant volatility, the tariff clarity could be a good thing in the long term.
Crypto markets dipped after US President Donald Trump’s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war.
The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.
During an April 2 speech in the Rose Garden at the White House, Trump said the US is charging countries “approximately half of what they are and have been charging us.”
