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.
This measure has sparked broad selling across digital assets, intensifying market losses. The tariffs will affect nearly every product China produces and even some it does not.
Trump called the decision "unheard of in international trade" and "a moral disgrace" in dealings between nations. In response, the United States will impose a 100% tariff on Chinese goods and apply export controls on critical software.
Author's summary: Crypto market declines after Trump's tariff announcement.
- Tariff rate: 100%
- Effective date: November 1, 2025
- Affected products: Nearly all Chinese goods
More News
- Antonio Brown seeks dismissal of attempted murder charge based on “stand your ground” law
- Suryakumar Yadav Breaks Past Rohit Sharma to Set New Mumbai T20 Batting Record
- Column: Toy drive for Mutual Ground stirs memories of Aurora City Council member’s own traumatic childhood
- Ground stop at Hartsfield-Jackson ended but delays continue
- ‘It would take 11 seconds to hit the ground’: the roughneck daredevils who built the Empire State Building
- IPL Auction 2025
- Teleperformance Shares Advance 3.39% at Opening
- Gill Cleared! Gambhir Says He's Ready to Go
- Breeze Bets Big On Raleigh With New Summer Routes
- Macclesfield FC line-up - Emirates FA Cup