Crypto Markets Cautious as Trump Imposes Reciprocal US Tariffs — TradingView News
US President Donald Trump has followed through on a key campaign promise. On Wednesday (yesterday), Trump officially ordered reciprocal tariffs to be imposed globally starting from 5 April. This decision is expected to create cautious sentiment, with concerns over a potential trade war escalation.
The cryptocurrency market saw increased volatility after the announcement. XRP dropped 5% on Wednesday following Trump’s tariff declaration.
US Tariffs Prompt Market Uncertainty
“I believe the lack of a clear reaction from crypto markets reflects a sense of collective shock among participants. Many including myself doubt this is a final decision. There’s a widespread expectation that the situation could pivot quickly. Traditional economists are…
