Today, April 2, 2025, US President Donald Trump is expected to announce the introduction of new reciprocal tariffs for countries imposing tariffs on US goods. This move could significantly impact global markets.
Introduction of New Tariffs: Key Aspects
According to Trump's plan, the US will impose reciprocal tariffs on every country that imposes similar measures on the US. White House spokeswoman Karoline Leavitt stated that the tariffs would take effect immediately after the announcement. Trump is expected to announce new tariffs on 15 countries, including China, Canada, and Mexico.
Impact on Cryptocurrency Market
Cryptocurrency markets are also closely monitoring Trump's announcement. Analysts from K33 Research believe that new tariffs could cause significant movement in cryptocurrency markets, with the correlation between stocks and Bitcoin remaining high. They expect Bitcoin to continue its consolidation in the $75,000 to $88,000 range.
Analysts' Opinions
BRN Chief Analyst Valentin Fournier notes that the uncertainty could lead to increased market volatility if tariff expectations are not met. Grayscale's Head of Research Zach Pandl believes that some of the tariff impacts are already reflected in prices and if the tariffs are introduced gradually, the markets could recover.
Markets are anticipating Donald Trump's announcement of new tariffs, which may significantly impact the global economy and cryptocurrency market. Analysts recommend caution during this period of uncertainty.
