Trump’s April 2 Tariff: Tomorrow, April 2, 2025, Trump will announce new taxes on imported goods, and people are already buzzing about what it means.
These taxes, called tariffs, aim to help US companies and reduce the trade gap, the difference between what America buys from other countries and what it sells to them. While this might sound good for some businesses, it could shake up the cryptocurrency market. Here’s what to expect.
Why It Matters
Trump’s tariffs will likely target countries like Canada, Mexico, and China. He calls them “matching tariffs”, if those nations tax US products, the US will tax theirs the same way. This kind of back-and-forth could trigger a trade war, where countries keep raising taxes on each other. Trade wars scare investors, slow down economies, push up prices, and create uncertainty. Cryptocurrencies won’t be immune.
Crypto’s Rollercoaster Reaction
Cryptos like Bitcoin and Ethereum often react sharply to major global news. Earlier this year, when Trump first floated the idea of tariffs, Bitcoin dropped 17%, falling from 108k to 84k USDT. Ethereum and XRP fell even more. Why? When investors get nervous about the economy, they tend to pull money out of risky assets like crypto and move it into safer options like gold or cash. If tomorrow’s tariffs are tough, another wave of sell-offs could hit.
Could Tariffs Help Crypto Later?
Not all experts think this is bad news. Some believe tariffs could drive inflation, pushing up prices, and that could hurt confidence in traditional money like the US dollar. In that case, Bitcoin might become more attractive as a way to protect savings from losing value. Also, large investors (known as “whales”) have continued buying Bitcoin during recent downturns, showing they still believe in crypto’s long-term potential, no matter what Trump does.
Short-Term Chaos Ahead
Markets hate uncertainty, and Trump’s announcement is bound to bring plenty of it. Will the tariffs be harsh? Will other countries retaliate? Nobody knows for sure, and that’s why prices could swing wildly. The last time tariffs made headlines, over 2 billion USDT in crypto positions were liquidated in just one day. Traders are bracing for more turbulence.
What’s Next?
Trump’s April 2 Tariff could send crypto prices swinging. If the plan is aggressive, Bitcoin and other coins may dip as panic spreads. But if the tariffs are softer or delayed, prices could bounce back quickly. Either way, crypto holders should be ready for a bumpy ride.
And just a reminder, this article is not financial advice. Always do your own research (DYOR) before making investment decisions. You can start by checking out blog.millionero.com for more market insights and updates. When you’re ready, come trade spot and perpetual futures confidently at Millionero, where smart traders stay ahead of the curve.