TRUMP Memecoin Craters As White House Tariff Announcements Batter the Crypto and Stock Markets
The value of President Donald Trump’s controversial memecoin has cratered following the rollout of the White House’s new tariffs.
Official Trump (TRUMP) is trading at $9.03 at time of writing and is down more than 13% in the past 24 hours.
Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, effective April 5th, with the stated goal of protecting domestic manufacturing.
He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China.
The tariffs rattled global markets, with the S&P 500 plunging by 4.84% on Thursday and the Nasdaq Composite dropping by…
