Crypto Market Crash After Trump's 100% Tariff Announcement on China
The crypto market has experienced a sharp decline following U.S. President Donald Trump's announcement of a 100% tariff on Chinese goods, set to take effect on November 1, 2025.
China had taken an "extraordinarily hostile" stance on trade by sending a global letter outlining new export controls.
The measure has sparked broad selling across digital assets, intensifying market losses. Trump explained that the measures would affect nearly every product China produces and even some it does not.
- 100% tariff on Chinese goods
- Export controls on critical software
Trump called the decision "unheard of in international trade" and "a moral disgrace" in dealings between nations.
Author's summary: Crypto market declines after Trump's tariff announcement.