Crypto Market Crash Following Trump's 100% Tariff Announcement on China
The crypto market has experienced a sharp decline after U.S. President Donald Trump announced a 100% tariff on Chinese goods, set to take effect on November 1, 2025.
This measure is a response to Beijing's export restrictions and has led to broad selling across digital assets, resulting in intensified market losses.
Trump stated that China had taken an "extraordinarily hostile" stance on trade by sending a global letter outlining new export controls, calling the decision "unheard of in international trade" and "a moral disgrace" in dealings between nations.
The tariffs will affect nearly every product China produces and some it does not, with the United States also applying export controls on critical software.
Author's summary: Crypto market declines after Trump's tariff announcement.
- Tariff rate: 100%
- Effective date: November 1, 2025
- Affected products: nearly all Chinese goods
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