Tariff Threats by Trump Shakes Crypto Market – Impact Reflects on His Meme Coin

With former U.S President Donald Trump’s pronouncement of imposing tariffs yet again, cryptocurrencies took a hit, witnessing a shocking plunge in their prices. The unexpected fallout did not spare even Trump’s own meme coin. The hint of these tariff threats has led to an ambience of uncertainty among cryptocurrency traders and investors worldwide. As tariffs interfere with free trade, they are generally seen as negative for global economic growth and, consequently, risky for assets such as cryptocurrencies. The precise impact of these proposed tariffs remains yet to be seen, but the ripples in the crypto-market have been noticeably swift and significant. Read More