Trump Impose Tariffs on Canada, Mexico and China...Crypto Reacts

Breaking News: US Imposes Tariffs on Canada, Mexico, and China

The White House has confirmed that the US will be imposing tariffs on Canada, Mexico, and China.

• 25% tariff on goods from Canada and Mexico
• 10% duty on goods from China

Market Reaction

The news has caused the US market to fall, with Bitcoin and other cryptocurrencies also experiencing a decline.

• Bitcoin dropped to $10,270
• Other altcoins are also falling, but some are showing signs of bouncing back

Potential Consequences

The tariffs may lead to a trade war between countries, with potential retaliatory measures from Canada, Mexico, and China.

• Uncertainty and fear in the markets may cause further declines in Bitcoin and other cryptocurrencies

Current Crypto Market

Despite the decline, the current situation is not disastrous, and some altcoins are holding relatively well.

• XRP has found a bottom and is starting to come back up
• Other cryptocurrencies are trying to bounce back, but the situation is still uncertain