On April 4, 2025, U.S. President Donald Trump announced new tariffs, resulting in significant market volatility.
Announcement of New Tariffs
President Trump introduced tariffs on all U.S. partners, triggering massive market sell-offs. This decision highlights ongoing trade imbalances and has raised concerns among investors.
Stock Market Reaction
The financial markets reacted strongly. The Dow Jones plummeted 4%, while the Nasdaq and S&P 500 also experienced steep declines. Stocks of major companies like JPMorgan Chase, Apple, Amazon, and Tesla dropped more than 4% amid rising concerns over inflation and economic stagnation.
Cryptocurrency Dynamics
Amid overall market instability, Bitcoin showed a slight increase, reaching $82,981.55. However, its value has decreased by 15.23% over the last 90 days. Developments in the financial markets may also impact the cryptocurrency sector, necessitating adjustments in fiscal policy.
The introduction of President Trump's tariffs has created significant tension in the financial markets, potentially leading to long-term effects on both traditional and cryptocurrency assets.
