Trump’s Decision Of Updated Tariff Hit His Own Coin

The crypto community is going through a rocky patch. Even though 2025 started on a high note for BTC, it hit an all-time high bracket of $100,000. However, Trump’s swearing-in and subsequent announcement of a revised tariff plan changed gears rapidly.

This announcement of the revised tariff plan of Trump for Mexico, China, and Canada has sent shockwaves across different levels of the trade community. In fact, the announcement is said to send the world into a chaotic situation and might even start a trade war. 

As a result, the trade and the crypto community is on edge at the moment.

Revised Tariff Plans 

After swearing in, US President Donald Trump released an official statement saying that he, along with his administration is looking to revise tariff plans for three of its major trade partners: China, Canada and Mexico. 

Trump administration and the White House released a bstatement saying that America would now impose 25% tariff on Mexican and Canadian goods. Subsequently, they would also impose an additional 10% tariff on China., 

This news hit the market like a truck and sent people into a sense of frenzy. As a result, panic liquidation was high and the suddenly the market was saturated with digital assets.

Aftereffects Of The Revision 

As soon as the news of a possible trade war hit the market, people panicked. The crypto took the worst brunt. As soon as the news leaked, crypto saw a drastic decline of around 10%. This major decline was alarming and caused major disruption. 

BTC, or the most popular crypto in the world took a massive hit and fell around 10%. However, there has been some positive movement since Trump announced a pause on tariff of Mexican goods.

Apart from BTC, ETH, Gogem=coin and other popular cryptos also took a brunt. Some coins fell deeper than 10%. As a result, destabilizing the market. Interestingly enough, the coin released by Trump just before the swearing-in also took a massive hit.

This rapid drop in valuation is catapulted by the collective sentiment of minimizing losses. As soon as the trade tariff news was released, Trudeau released a statement imposing counter tariff on American goods. Subsequently, China also released a statement that it wants to take legal actions against Ameica in the World Trade Organization. 

This resulted people panicking and that led them to release as much digital asset as possible in order to consolidate funds and minimize losses.

Endnote: Is This The End? 

Given the current landscape, the question of the end looms prominently. However, Trump has released a statement claiming that this is part of a transition period and that investors need to remain patient. 

Moreover, Trump did frame his election campaign in a way that reflects his crypto friendly essence. Therefore, there is still some hope that the American government would put in some measures to stop the sharp dip. 

Therefore, this might not be the end that people are fearing.