Trump Closes Tariff Speech With No Mention of Bitcoin or Crypto
Donald Trump’s fiery “Liberation Day” speech on tariffs sent shockwaves through global markets but crypto? Not a word.
Despite his past support for making the U.S. a crypto hub, Trump stayed silent, leaving investors guessing. Bitcoin wavered as traders braced for impact, uncertain if crypto would face new regulations or incentives.
Was this an oversight, or is a major crypto policy shift quietly brewing? Only time will tell.
Trump Announces New Tariff Policy with 10% Baseline Rate and Reciprocal Adjustments
In the much awaited Liberation Day’s tariff announcement, the U.S. President Donald Trump has unveiled a new tariff structure, imposing a 10% baseline rate on imports from all countries with reciprocal rates set at half of each country’s respective tariff rate.
The announcement aligns with the Trump administration’s “Fair and Reciprocal Plan” introduced in February 2025, aimed at addressing long-standing trade imbalances.
Countries imposing higher tariffs on U.S. goods, like Cambodia (97%) and Vietnam (90%), will face increased U.S. tariffs, while those with lower tariffs, such as the UK and Singapore (10%), will see minimal changes. This strategy aims to address trade imbalances, counteract currency manipulation, and promote fairer trade practices in global markets.
With disclosing the new rates, Trump states that tariffs will not be a “full reciprocal” and jokingly says that “Because we’re very kind.”
Bitcoin Drops to $85.5K as Trump Goes Live for Tariff Announcement
Bitcoin dropped sharply by over $3,000 within 10 minutes as former U.S. President Donald Trump began his speech at the White House. Bitcoin price is currently trading at $85,270 as the U.S. President Donald Trump goes live to announce the major tariffs.
The crypto market reacted swiftly to the starting of the speech with traders speculating on potential economic shifts that could drive further institutional investment into digital assets.
The sudden price drop in Bitcoin price suggests that a number of investors are currently watching Trump and his tariff announcement.
Wall Street swing while bracing for tariffs
US stock markets have today gone through another turbulent day as investors await President Donald Trump’s expected tariff announcement. While several stocks climbed with decent gains earlier today while later retreating from their highs and closing in green candles.
Throughout the day, markets have been volatile awaiting Trump’s 4 pm ET announcement, with investors uncertain about the impact of new tariffs.
The Dow Jones Industrial Average rose by 97 points (0.23%) and the S&P 500 gained 0.26% while The Nasdaq Composite increased by 0.4%. The Dow surged nearly 400 points in early afternoon trading before pulling back but managed to stay in the green.
While the markets closed at 4 pm ET, stock futures trading will continue to give investors a chance to react to Trump’s decision.
Movements before Trump Reciprocal Tariffs:
The US president is about to announce new tariffs around the world. As part of his “Liberation Day” economic plan, Donald Trump is going to put new tariffs in place. Some of these are tariffs that are applied to both sides, like those on India, China, Brazil, Japan, and the European Union.
Nayib Bukele meets President Donald Trump Ahead of Tariff Announcement
The El Salvadoran president Nayib Bukele has met with the U.S. President Donald Trump ahead of the tariff announcement, which is now merely half an hour away. With Donald Trump also showing interest in Bitcoin, this meeting follows a planned White House discussion on crypto, immigration, and gangs between both the presidents.
Known for his advocacy on Bitcoin, Bukele has made BTC a legal tender and holding reserves in the cryptocurrency for his country, a move that aligns with his tech-forward policies.
The meeting marks Bukele as the first Western Hemisphere leader to receive an official White House invitation under Trump’s second term, highlighting a focus on U.S.-El Salvador relations.
Also read: Ripple RLUSD To Benefit From Trump’s Tariff. What about XRP?
Can XRP become Top Crypto gainer ahead of Trump’s tariff announcements?
Since Ripple Lab’s XRP token is currently the most used cross-border financial payment blockchain technology worldwide, it has the potential to rank among the top beneficiaries following Trump’s tariff announcement. Moreover, with its recent integration of the RLUSD into Ripple payments and the dismissal of the XRP vs. SEC lawsuit, the XRP coin is back on its feet for a major price action.
Source: TradingView
Under an optimistic outlook, the XRP price could break out of its important resistance zone and hit $2.33 within hours. A positive output from the Trump Tariff announcement could push the price toward the $2.50 range. Conversely, a pullback around the $2.15 range could result in the Ripple price retesting its $2 mark.
Also Read: Trump’s Tariff Announcement To Push XRP Price Beyond $3?
Trump’s Tariff announcements set to impact several countries including India, Canada, China and European Union. Find details here
President Trump administration is all set to make announcements regarding new tariff arrangements against several countries including India, China, Brazil, Canada and European Union, a move that is set to bring turbulence in global stock and crypto markets and severely impact key sectors including pharma, automobile, steel and aluminum, IT among others.
Find details of Trump’s tariff announcements here:
What: US President Donald Trump has claimed to introduce steep tariff rates against several countries, including its close allies, effective from April 3. Trump has rebranded April 2, 2025 tariff arrangements as “Liberation Day” for Americans.
Why: President Trump has branded fresh tariff announcements are “reciprocal tariffs” against countries that U.S. government believes has imposed unreasonable tariff rates against U.S. based export products.
When: Tariff announcements will be made at 4pm EST (1:30 AM IST).
Countries to be impacted: 15-25 countries including China, Mexico, Canada, Brazil, India and European Union nations including France and Germany.
Tariff expected in sectors: While details of fresh tariff arrangements have been kept closely guarded, experts suggest 25% tariff against Canada and Mexico imports, 20% tariff against Chinese imports, 25% tariff on all steel and aluminum imports, and a 10% tariff on energy imports from Canada.
Sectors to be impacted: Experts say key sectors like automobile, steel and aluminum, pharmaceuticals, manufacturing and IT in several countries are set to be impacted.
Global Stock and Crypto markets brace for Trump’s Tariff announcement on April 2, 2025 a.k.a the “Liberation Day.”
In a few hours from now, U.S. President Donald Trump’s administration will make major announcements related to “reciprocal tariffs” against several nations, including its allies, on Wednesday, in a move that Trump has rebranded as “Liberation Day.”
Trump administration is expected to impose a steep 25% tariff on all auto imports along with several major tariff announcements. The key details of Trump’s reciprocal tariff plan has been closely guarded by his inner circles in the White House but experts suggest that key sectors like automobile, electrical, pharma, chemical and IT will take impact in over 25 nations, currently in tariff arrangements with U.S.
Global stock markets and crypto markets have already started bracing, anticipating major turbulence ahead of tariff announcements. Japan’s Nikkei ended its share average on Wednesday with 0.28% rise at 35,725.87, according to The Indian Express. In India, Bombay Stock Exchange (BSE) Sensex rose 0.78% at 592.93 points, ending at 76,617.
Bitcoin’s price has seen a marginal rise of 2.2% in the past 24 hours is currently placed around $87,000. Both Ethereum ($1903) and XRP ($2.17)have also followed BTC trajectory and gained minor surges.
Both global and crypto markets have given positive signal till now, ahead of Trump’s radical reciprocal tariff plans but much would depend upon how Wednesday, April 2, 2025 progresses.
Also Read: Will Bitcoin Price Follow the Stock Market after Trump’s Tariff?
