This news article reports that Donald Trump has imposed tariffs on imports from Mexico, Canada, and China as a response to the influx of illicit opioids and drugs into the United States. The tariffs, which take effect immediately, are causing a risk-off reaction in traditional markets, leading to a decrease in the value of cryptocurrencies. Bitcoin is down 2%, while altcoins like ether, XRP, and solana are down 6%-8%. There will be no exemptions to the tariffs, and they will remain in place until certain conditions are met.
Content Editor ( coindesk.com )
- 2025-02-02
Bitcoin Sinks to $100K as Trump Imposes Tariffs on Canada, Mexico, China
