US President Donald Trump’s tariff speech omits crypto, Bitcoin price drops | Technology News
On Wednesday, US President Donald Trump announced new tariffs on imports from 50 countries, including the BRICS and the European Union. Also dubbed the ‘Declaration of Economic Independence’, Trump’s prolonged speech declaring reciprocal tariffs had no mention of Bitcoin, blockchain, or even digital assets.
Bitcoin (BTC) price, which saw a peak at $110,000 during the inauguration of Trump, fell by 1.41 per percent, at around $83,666, as per CoinGecko, a site that tracks the global cryptocurrency market in real time.
On Wednesday, April 2, President Trump announced reciprocal tariffs in what he termed his efforts to counter unfair trade practices. Trump’s latest announcement has impacted several of the US’s longstanding…
