Saturday, June 7, 2025
  • Privacy Policy
  • About Us
  • Contact Us
  • Disclaimer
Sportflash
  • FOOTBALL
  • MLB
  • MORE SPORT
  • NBA
  • NFL
  • NHL
  • Login
No Result
View All Result
Sportflash
Home Trump

Bitcoin Declines as Trump Advances Global ‘Reciprocal’ Tariff Plans

The president referred to his self-imposed tariff deadline as “Liberation Day.”

Sportflash by Sportflash
April 2, 2025
in Trump, Uncategorized
0 0
0
Bitcoin Declines as Trump Advances Global ‘Reciprocal’ Tariff Plans

 

On Wednesday, following the White House’s advancement of U.S. President Donald Trump’s much-anticipated tariffs, Trump stated from the Rose Garden, “For over 50 years, our country and its taxpayers have been exploited, but that ends now.”
Meanwhile, the leading cryptocurrency was recently trading at approximately $85,500, marking a 1.1% decrease over the past hour, as reported by crypto data provider CoinGecko. During Trump’s speech, Bitcoin briefly surged to a high of $87,800.

Related posts

“I Understood Why They Call Him the Iceman” – Antonelli Opens Up on Experience of Meeting Namesake Kimi Räikkönen

“I Understood Why They Call Him the Iceman” – Antonelli Opens Up on Experience of Meeting Namesake Kimi Räikkönen

June 5, 2025
Big News: Kimi Räikkönen and Minttu Expecting Their Fourth Child — Another Beautiful Chapter for the Iceman’s Growing Family

Big News: Kimi Räikkönen and Minttu Expecting Their Fourth Child — Another Beautiful Chapter for the Iceman’s Growing Family

June 5, 2025

Trump announced that the U.S. would enforce a 25% tariff on “all foreign-made automobiles” beginning at midnight. He also stated that the country was supporting “our great farmers and ranchers” but did not specify any industry-specific tariffs.

Trump stated that the U.S. would implement “reciprocal tariffs” on nations that impose levies on American goods, with the total amount set at “approximately half” of what those countries currently charge the U.S. He explained that this total would account for the “combined rate of all their tariffs, non-monetary barriers, and other forms of cheating.”

Additionally, Trump announced that foreign countries would be required to pay a 10% “minimum baseline tariff,” which he described as a cost for accessing U.S. markets.

For weeks, the president has referred to his self-imposed tariff deadline as “Liberation Day,” vowing to implement significant tariffs on a range of goods and the nation’s largest trading partner.

Cryptocurrency prices have been highly volatile leading up to April 2, fluctuating as investors weighed the potential impact of tariffs on economic growth and inflation. Meanwhile, the administration’s stance on tariffs has shifted almost daily.

On Tuesday, White House Press Secretary Karoline Leavitt stated that the president’s team was still “perfecting” the tariff rollout but emphasized that Trump had already made “a decision and a determination.”

Trump had previously suggested implementing “reciprocal tariffs” on countries that impose levies on American goods. However, it remained unclear whether these tariffs would apply universally or if certain industries or nations might receive exemptions.

Tariffs could influence the Federal Reserve’s decision-making on interest rate cuts this year. If they result in prolonged price pressures, analysts suggest that risk assets like cryptocurrencies may remain under pressure as the U.S. central bank keeps borrowing costs high to counter inflation.

Amid Trump’s trade disputes, Bitcoin’s price dropped to as low as $77,000 last month. However, according to Thomas Perfumo, a global economist at crypto exchange Kraken, markets have already absorbed much of the uncertainty surrounding Trump’s trade policies.

“While headlines about ‘Liberation Day’ and related tariff measures continue to cause unease, much of the anticipated impact seems to have already been factored into the crypto market,” he told Decrypt.

 

Tags: Advances Global 'Reciprocal' Tariff Plansas TrumpBitcoinDeclines
Previous Post

Market Analysis for April 2: BTC, ETH, XRP, SOL, TON, LINK

Next Post

Chelsea Set Their Sights on Strasbourg Striker as Potential New Signing for the Upcoming Transfer Window..

Next Post
Chelsea Set Their Sights on Strasbourg Striker as Potential New Signing for the Upcoming Transfer Window..

Chelsea Set Their Sights on Strasbourg Striker as Potential New Signing for the Upcoming Transfer Window..

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Current World No.1 Aryna Sabalenka blames coach as she crashes out of WTA Simi Finals amid Controversial calls On…

Current World No.1 Aryna Sabalenka blames coach as she crashes out of WTA Simi Finals amid Controversial calls On…

7 months ago
Kentucky’s otega oweh boost 2025 NBA draft stock following back-to-back solid performance at..

Kentucky’s otega oweh boost 2025 NBA draft stock following back-to-back solid performance at..

3 months ago
Kentucky’s Locker Room Silver Lining Crushed as National Analyst Predicts March Madness Disaster for Mark Pope.See More

Kentucky’s Locker Room Silver Lining Crushed as National Analyst Predicts March Madness Disaster for Mark Pope.See More

3 months ago
Australian Open: Carlos Alcaraz battles past Nuno Borges

Australian Open: Carlos Alcaraz battles past Nuno Borges

5 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Alexander zverev
  • Andrey Rublev
  • Andy Murray
  • Arsenal
  • Aryna Sabalenka
  • Ashleigh Barty
  • Aston villa
  • Ballon d'Or
  • Barcelona
  • Basketball
  • Bayern Munich
  • BTC
  • Carlos Alcarez
  • Chelsea
  • Clemson Tigers
  • Coach
  • Coco Gauff
  • Cryptocurrency
  • Crystal Palace
  • Crystal palace
  • Cycling
  • Darwin Nunez
  • Denver Nuggets
  • Eldora Speedway
  • Emma Raducanu
  • Everton
  • Falling Sherrock
  • Felix Auger-Aliassime
  • Fernandez Leylah
  • Flooding
  • FOOTBALL
  • FORMULA 1
  • Formular 1
  • Harry Kane
  • Human psychology
  • Iga Swiatek
  • Inter Milan
  • Jannik Sinner
  • Jaylen brown
  • Kentucky wildcats basketball
  • Laker's
  • Lakers
  • LeBron
  • Leicester City
  • Lewis Hamilton
  • leylah fernandez
  • Liam Payne
  • Lionel Messi
  • Lionel Messi’s wife
  • Liverpool
  • Liverpool
  • LSU Tigers
  • Malnutrition
  • Manchester City
  • Manchester United
  • Mason Greenwood
  • Matteo Berrettini
  • Max Verstappen
  • Michigan Wolverines
  • MLB
  • MORE SPORT
  • NASCAR
  • Nature
  • NBA
  • New Hampshire
  • Newcastle
  • NFL
  • Nick Kyrgios
  • Nigeria
  • Nikola-Jokic
  • Paige Spiranac
  • Paul Pogba
  • PSG
  • Rafael Nadal
  • Real Madrid
  • Remove term: Serena Williams Serena Williams
  • Roger Federer
  • Russia
  • Serena Williams
  • South carolina
  • Sporting
  • Stefanos Tsitsipas
  • Steffi graf
  • Sun
  • TENNIS
  • Trump
  • UFC
  • UK Wildcats
  • Uncategorized
  • Wisconsin Badgers
  • World best player

BROWSE BY TOPICS

Andrey Rublev Andy Murray Aryna Sabalenka Auburn Australian Open Bitcoin Brad Gilbert British tennis Bruce pearl Carlos Alcaraz chicago bears Coco Gauff Cycling Dart News Djokovic Eli tomac Emma Raducanu Falling Sherrock Felix Auger-Aliassime Golf news Iga Swiatek Kentucky LeBron James Leylah Fernandez Lionel Messi Liverpool Luka doncic Mark pope Mathieu van de poel Matteo Berrettini NASCAR NFL Novak Djokovic Otega oweh Paige Spiranac Rafael Nadal Serena Williams Steffi graf Stoke City Tadej Pogačar Tennis Tennis Canada Tennis news Uk wildcats Wout van Aert

POPULAR NEWS

  • “Justice Served: Kentucky’s Controversial Loss to Alabama Leads to Referee Investigation”

    “Justice Served: Kentucky’s Controversial Loss to Alabama Leads to Referee Investigation”

    0 shares
    Share 0 Tweet 0
  • NCAA Controversy Erupts: Kentucky vs Texas Referees Face Investigation

    0 shares
    Share 0 Tweet 0
  • “Non credo di poter continuare” Matteo Berrettini si ritira dall’Hangzhou Open inaugurale dopo il controverso Ending On…..

    0 shares
    Share 0 Tweet 0
  • “Am willing to help” Coco Gauff finally appoints Serena Williams as her New Tennis…..

    0 shares
    Share 0 Tweet 0
  • Congratulazioni: mentre Matteo Berrettini firma un contratto senza precedenti dopo aver sfilato a Milano per BOSS Due To….

    0 shares
    Share 0 Tweet 0

Sportflash

Bring You With The Latest Sport News Update

Follow us on social media:

Recent News

  • 5 takeaways from Dusty May’s latest interview on 2025 Michigan offseason, prep for next season
  • “I Understood Why They Call Him the Iceman” – Antonelli Opens Up on Experience of Meeting Namesake Kimi Räikkönen
  • Big News: Kimi Räikkönen and Minttu Expecting Their Fourth Child — Another Beautiful Chapter for the Iceman’s Growing Family

Category

  • Alexander zverev
  • Andrey Rublev
  • Andy Murray
  • Arsenal
  • Aryna Sabalenka
  • Ashleigh Barty
  • Aston villa
  • Ballon d'Or
  • Barcelona
  • Basketball
  • Bayern Munich
  • BTC
  • Carlos Alcarez
  • Chelsea
  • Clemson Tigers
  • Coach
  • Coco Gauff
  • Cryptocurrency
  • Crystal Palace
  • Crystal palace
  • Cycling
  • Darwin Nunez
  • Denver Nuggets
  • Eldora Speedway
  • Emma Raducanu
  • Everton
  • Falling Sherrock
  • Felix Auger-Aliassime
  • Fernandez Leylah
  • Flooding
  • FOOTBALL
  • FORMULA 1
  • Formular 1
  • Harry Kane
  • Human psychology
  • Iga Swiatek
  • Inter Milan
  • Jannik Sinner
  • Jaylen brown
  • Kentucky wildcats basketball
  • Laker's
  • Lakers
  • LeBron
  • Leicester City
  • Lewis Hamilton
  • leylah fernandez
  • Liam Payne
  • Lionel Messi
  • Lionel Messi’s wife
  • Liverpool
  • Liverpool
  • LSU Tigers
  • Malnutrition
  • Manchester City
  • Manchester United
  • Mason Greenwood
  • Matteo Berrettini
  • Max Verstappen
  • Michigan Wolverines
  • MLB
  • MORE SPORT
  • NASCAR
  • Nature
  • NBA
  • New Hampshire
  • Newcastle
  • NFL
  • Nick Kyrgios
  • Nigeria
  • Nikola-Jokic
  • Paige Spiranac
  • Paul Pogba
  • PSG
  • Rafael Nadal
  • Real Madrid
  • Remove term: Serena Williams Serena Williams
  • Roger Federer
  • Russia
  • Serena Williams
  • South carolina
  • Sporting
  • Stefanos Tsitsipas
  • Steffi graf
  • Sun
  • TENNIS
  • Trump
  • UFC
  • UK Wildcats
  • Uncategorized
  • Wisconsin Badgers
  • World best player

Recent News

5 takeaways from Dusty May’s latest interview on 2025 Michigan offseason, prep for next season

5 takeaways from Dusty May’s latest interview on 2025 Michigan offseason, prep for next season

June 7, 2025
“I Understood Why They Call Him the Iceman” – Antonelli Opens Up on Experience of Meeting Namesake Kimi Räikkönen

“I Understood Why They Call Him the Iceman” – Antonelli Opens Up on Experience of Meeting Namesake Kimi Räikkönen

June 5, 2025
  • Privacy Policy
  • About Us
  • Contact Us
  • Disclaimer

Sportflash | © 2024

No Result
View All Result
  • FOOTBALL
  • MLB
  • MORE SPORT
  • NBA
  • NFL
  • NHL

Sportflash | © 2024

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In