Trump’s “Trade Liberation” Triggers Global Market Turmoil, Crypto Reels
A sledgehammer has fallen on global trade as the U.S. enacts sweeping new tariff measures, and the reverberations are shaking financial markets, especially the notoriously fickle cryptocurrency sector. Starting April 5th, a blanket 10% tariff has been slapped on nearly all import partners, with Canada and Mexico getting a temporary pass, as part of a push to claw back the nation’s ballooning trade deficit.
To really crank up the pressure, “reciprocal” tariffs on roughly 60 nations, calculated at half their existing trade barriers on US exports, kick in on April 9th. China’s getting hit with a hefty 34% levy, while other major players like the EU (20%), Vietnam (46%), Japan (24%), and India (26%) are also facing substantial…
