Trump announced detailed tariff measures, and US stocks and Bitcoin plunged

Blockchain platform
03 Apr 2025 02:46:48 PM
Trump said that the United States will impose a 46% tariff on Vietnam; a 10% tariff on the United Kingdom; a 31% tariff on Switzerland; a 49% tariff on Cambodia; a 36% tariff on Thailand; a 30% tariff on South Africa; a 32% tariff on Indone
Trump announced detailed tariff measures, and US stocks and Bitcoin plunged

Trump said that the United States will impose a 46% tariff on Vietnam; a 10% tariff on the United Kingdom; a 31% tariff on Switzerland; a 49% tariff on Cambodia; a 36% tariff on Thailand; a 30% tariff on South Africa; a 32% tariff on Indonesia; a 10% tariff on Brazil; and a 10% tariff on Singapore. A 20% retaliatory tariff will be imposed on each EU country; and a 24% tariff will be imposed on goods imported from Japan.

After the detailed tariffs were announced, Bitcoin fell rapidly by 3.35%, Nasdaq futures plunged violently, and the decline widened to 1.2%. The US dollar index DXY also fluctuated by 0.5% in a short period of time.