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Trump’s Tariff Storm Triggers Market Turmoil, Crypto Market Crashes
At the start of 2025, global financial markets experienced unprecedented turbulence as U.S. President Donald Trump announced significant tariff hikes on imports from Canada and Mexico. This triggered intense market volatility, leading to a sharp fluctuation in the U.S. dollar index and a downturn in the stock market. Meanwhile, the cryptocurrency market faced a catastrophic collapse—Bitcoin (BTC) plummeted by 35%, while Ethereum (ETH) and other major cryptocurrencies also suffered panic-driven sell-offs. The entire digital asset market lost over $800 billion in value.
However, after strong investor backlash, the Trump administration negotiated with Mexico and agreed to postpone the tariff hikes by one month. This decis...