Crypto Market Crash Following Trump's 100% Tariff Announcement on China
The crypto market has experienced a sharp decline after U.S. President Donald Trump announced a 100% tariff on Chinese goods, set to take effect on November 1, 2025.
This measure is in response to Beijing's export restrictions and has sparked broad selling across digital assets, intensifying market losses.
Trump stated that China had taken an "extraordinarily hostile" stance on trade by sending a global letter outlining new export controls, calling the decision "unheard of in international trade" and "a moral disgrace" in dealings between nations.
The tariffs will affect nearly every product China produces and some it does not, with the United States also applying export controls on critical software.
Author's summary: Trump's 100% tariff on China sparks crypto market crash.
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