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President Donald Trump is set to announce new U.S. tariffs on the country’s global trading partners on Wednesday afternoon and bitcoin is trending upward on the news. The digital asset saw a modest 1.93% gain over the past 24 hours, bringing its price to $86,478.86 at the time of reporting, according to Coinmarketcap. Despite this short-term uptick, BTC remains slightly down 0.31% over the past seven days. ( BTC price / Tradingview) Bitcoin’s 24-hour price range fluctuated between $83,939.88 and $86,521.54, showing resilience after recent market fluctuations. Trading volume increased by 8.53%, reaching $28.77 billion, indicating renewed market activity ahead of Trump’s trade announcement. Meanwhile, BTC’s market capitalization rose by 1.98% to $1.71 trillion. Despite ongoing uncertainty, BTC dominance continued its upward trajectory, climbing 0.64% to 62.92%, highlighting its strength against altcoins. Additionally, BTC futures open interest surged 4.31% to $56.53 billion, reflecting heightened investor engagement. ( BTC dominance / Trading View) Short sellers found themselves on the losing end once again, as $12.93 million in liquidations occurred over the past 24 hours, $12.91 million of which were short positions. This indicates that many traders incorrectly bet on a BTC decline, forcing them to exit their positions. Trump has dubbed April 2nd “Liberation Day” in the U.S. and is set to kick off a trade war with the country’s global trading partners when he officially announces new sweeping tariffs on Wednesday afternoon at 4 p.m. eastern standard time. The move could bolster bitcoin’s price as tariffs may weaken the U.S. dollar, driving investors to safe-haven assets such as gold and BTC. While bitcoin remains somewhat volatile, today’s tariff decision could act as a catalyst for BTC’s next move. If markets perceive Trump’s trade policies as disruptive to traditional financial stability, bitcoin could break higher toward the $90,000 mark in the near term. But if the announcement fails to shake global markets, BTC may continue consolidating within its current range. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

President Donald Trump announced today a sweeping new tariff policy that will impose a minimum 10% levy on nearly all goods entering the United States, effective April 5. The policy excludes Canada and Mexico, with both countries exempt from the 10% baseline tariff and reciprocal levies for now. However, non-compliant goods from those nations will continue to face a 25% tariff, originally imposed on the grounds that they were failing to curb the flow of drugs and crime into the United States. The 10% tariff would only apply if the current 25% duties on Canadian and Mexican imports are lifted or suspended. In addition to the general import levies, the plan also imposes a separate 25% tariff on all foreign-made automobiles, which takes effect at midnight ET. Building on that, the administration is also implementing “reciprocal” tariffs on approximately 60 nations, calculated at half their current total trade barriers on US exports. Among the major US trade partners impacted, China will face a 34% tariff, the EU 20%, Vietnam 46%, Japan 24%, India 26%, Taiwan 32%, Indonesia 32%, and Brazil 10%. These country-specific rates take effect April 9. “This is not full reciprocal. This is kind reciprocal,” Trump said. Trump declared a national emergency linked to the US trade deficit, which exceeded $918 billion in 2024, invoking the International Emergency Economic Powers Act to authorize the measures. “For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper,” Trump said from the White House Rose Garden. “I blame former presidents and past leaders who weren’t doing their job. They let it happen — to an extent that nobody can even believe,” he added. The administration projects that the tariffs will generate hundreds of billions in new revenue and boost domestic industry. Trump said the plan aims to open foreign markets, dismantle trade barriers, and increase production at home, which he believes will lead to stronger competition and lower prices for consumers. Markets reacted swiftly to the announcement: Bitcoin briefly surged to $88,000 before settling at $84,500, the 10-year US Treasury yield declined, and futures tied to major US indexes fell sharply. S&P 500 futures dropped 1.9%, while Nasdaq 100 futures slid 2.7% as investors absorbed the full scope of Trump’s sweeping trade action. Story in development

Trump criticizes tariffs on U.S. goods and Korean auto imports In a speech on reciprocal tariffs at the White House Rose Garden, President Donald Trump stated that 81% of Korean import cars are manufactured in Korea and claimed Korea effectively imposes a 50% tariff on U.S.

Trump: 25% tariff on Korean imports U.S. President Donald Trump announced during a speech on reciprocal tariffs in the Rose Garden of the White House in Washington D.C. that he would impose a 25% tariff on Korean imports. China's tariffs are 34%, Japan's are 24%, while a 20%

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