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, effective November 1, 2025.
This measure is a response to Beijing's export restrictions and has led to broad selling across digital assets, resulting in intensified market losses.
Trump stated that China had taken an "extraordinarily hostile" stance on trade by implementing new export controls, affecting nearly every product the country produces.
Trump described the decision as "unheard of in international trade" and "a moral disgrace" in dealings between nations, confirming that the United States would impose a 100% tariff on Chinese goods and apply export controls on critical software.
The crypto market is facing further declines as a result of this announcement.
Author's summary: Crypto market declines after Trump's tariff announcement.