Shockingly! Trump's reciprocal tariff "exceeded expectations and was aggressive" as Taiwan imposes a 32% increase, Bitcoin Long Wick Candle at $82,000, U.S. stocks plummet after hours.
Trump's tariff plan for global trading partners was more aggressive than the market thought, causing U.S. stocks to plummet after hours and bitcoin to nearly $82,000. (Synopsis: Bloomberg revealed: The U.S. Treasury Department skipped the congressional method of increasing BTC, but the probability of buying bitcoin this year is only about 30%) (Background supplement: Putin agreed to a ceasefire in Ukraine but conditionally, Trump tariffs killed U.S. stocks again, and bitcoin once lost $80,000 and rebounded) US President Trump announced a large-scale tariff plan that exceeded market expectations after the close of the US stock market early this morning (3), announcing a 10% benchmark tariff for global trading partners and higher "reciprocal tariffs" for some trading partners. The first of these named China (34% ), while Taiwan (32% ) and Vietnam (46%) were also the focus of attention. According to senior White House officials, the benchmark tariff rate (10%) will take effect in the early hours of April 5, and the equivalent tariff will take effect in the early hours of April 9. However, the White House later said in its explanation of the imposition of global reciprocal tariffs that in addition to pharmaceuticals, copper, semiconductors, timber, gold and silver precious metals, energy and specific mineral resources that cannot be obtained in the United States are not included in the scope of this tariff increase, and the impact on Taiwan's semiconductors remains to be seen. According to CNBC, the White House said that the tariffs imposed on China are on the existing 20% tariff base originally imposed on Chinese imports, which means that the actual tariff rate on China will be 54%. U.S. stock futures, bitcoin dive As the market originally expected Trump's new tariff policy to be more moderate, but the result was more aggressive, after the news, U.S. stock futures collectively tumbled, Dow Jones futures plunged more than 1,100 points, S&P 500 futures fell nearly 4%, and Nasdaq 100 futures fell 3.68% before the deadline. Bitcoin also dived, falling rapidly from $88,547 to $82,164, falling more than 7% in four hours. Other top 10 coins have also generally followed Bitcoin's decline: And a turnaround? It is unclear how countries around the world will take countermeasures, but U.S. Treasury Secretary Hazender Bescent has called out advising all U.S. trading partners not to retaliate. We can see if there are any negotiations before April 9, the effective date of the reciprocal tariffs. The implication is that if negotiations with the Trump administration begin, events may turn around, but it is clear that the US stock and cryptocurrency markets will surely usher in more violent volatility in the near future. Related reports Zelensky: You can sign a "mineral agreement" at any time, what precious mineral rare earth resources does Ukraine have? Russian troops attack Ukraine at night! Trump threatened "sanctions + tariffs" to pressure Russia until a ceasefire and reconciliation Zelensky: Willing to follow Trump's strong leadership, Ukraine "can sign a mining agreement at any time" to return to the negotiating table Bitcoin's gold-to-gold ratio fell below the 12-year support line, fearing a backtest of $65,000... Is this bull market over? 〈Frightening! Trump's reciprocal tariffs are "more aggressive than expected" Taiwan imposed 32%, bitcoin pins 82,000 US dollars, US stocks after-hours bloodbath" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".
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Shockingly! Trump's reciprocal tariff "exceeded expectations and was aggressive" as Taiwan imposes a 32% increase, Bitcoin Long Wick Candle at $82,000, U.S. stocks plummet after hours.
Trump's tariff plan for global trading partners was more aggressive than the market thought, causing U.S. stocks to plummet after hours and bitcoin to nearly $82,000. (Synopsis: Bloomberg revealed: The U.S. Treasury Department skipped the congressional method of increasing BTC, but the probability of buying bitcoin this year is only about 30%) (Background supplement: Putin agreed to a ceasefire in Ukraine but conditionally, Trump tariffs killed U.S. stocks again, and bitcoin once lost $80,000 and rebounded) US President Trump announced a large-scale tariff plan that exceeded market expectations after the close of the US stock market early this morning (3), announcing a 10% benchmark tariff for global trading partners and higher "reciprocal tariffs" for some trading partners. The first of these named China (34% ), while Taiwan (32% ) and Vietnam (46%) were also the focus of attention. According to senior White House officials, the benchmark tariff rate (10%) will take effect in the early hours of April 5, and the equivalent tariff will take effect in the early hours of April 9. However, the White House later said in its explanation of the imposition of global reciprocal tariffs that in addition to pharmaceuticals, copper, semiconductors, timber, gold and silver precious metals, energy and specific mineral resources that cannot be obtained in the United States are not included in the scope of this tariff increase, and the impact on Taiwan's semiconductors remains to be seen. According to CNBC, the White House said that the tariffs imposed on China are on the existing 20% tariff base originally imposed on Chinese imports, which means that the actual tariff rate on China will be 54%. U.S. stock futures, bitcoin dive As the market originally expected Trump's new tariff policy to be more moderate, but the result was more aggressive, after the news, U.S. stock futures collectively tumbled, Dow Jones futures plunged more than 1,100 points, S&P 500 futures fell nearly 4%, and Nasdaq 100 futures fell 3.68% before the deadline. Bitcoin also dived, falling rapidly from $88,547 to $82,164, falling more than 7% in four hours. Other top 10 coins have also generally followed Bitcoin's decline: And a turnaround? It is unclear how countries around the world will take countermeasures, but U.S. Treasury Secretary Hazender Bescent has called out advising all U.S. trading partners not to retaliate. We can see if there are any negotiations before April 9, the effective date of the reciprocal tariffs. The implication is that if negotiations with the Trump administration begin, events may turn around, but it is clear that the US stock and cryptocurrency markets will surely usher in more violent volatility in the near future. Related reports Zelensky: You can sign a "mineral agreement" at any time, what precious mineral rare earth resources does Ukraine have? Russian troops attack Ukraine at night! Trump threatened "sanctions + tariffs" to pressure Russia until a ceasefire and reconciliation Zelensky: Willing to follow Trump's strong leadership, Ukraine "can sign a mining agreement at any time" to return to the negotiating table Bitcoin's gold-to-gold ratio fell below the 12-year support line, fearing a backtest of $65,000... Is this bull market over? 〈Frightening! Trump's reciprocal tariffs are "more aggressive than expected" Taiwan imposed 32%, bitcoin pins 82,000 US dollars, US stocks after-hours bloodbath" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".