Trump Declares ‘Liberation Day’ with New Tariffs

U.S. President Donald Trump announced new tariffs for trading partners. Bitcoin fell below $85,000.

A minimum of 10% is set for all countries, effective from April 5. For some partners, “reciprocal tariffs” are introduced at about half the rate those countries impose on American goods. These measures will be implemented from April 9.

Retaliatory tariffs for China will be 54%, for the EU — 20%, Vietnam — 46%, Taiwan — 32%, Japan — 24%, India — 26%, and South Korea — 25%.

Mexico and Canada are not included in the list, as their tariffs were updated earlier.

Trump also mentioned 25% tariffs on imported cars and auto parts.

During the announcement, the price of Bitcoin began to rise, but after peaking above $88,000, it fell and at the time of writing stands at $84,500.

According to Nansen analysts, there is a 70% probability that the cryptocurrency market could reach a local bottom in the next two months amid global uncertainty over ongoing trade tariff negotiations.

QCP noted that the implementation of excessively aggressive tariffs could exacerbate negative market sentiment and trigger further declines in risk assets.

As reported by Reuters, the U.S. president’s family consolidated control over the DeFi platform World Liberty Financial (WLF) through the legal entity WLF Holdco, 60% of which is owned by the Trump-affiliated organization DT Marks DEFI.