Trump’s Liberation Day Tariff Live: Impact on Crypto Market

Wall Street swing while bracing for tariffs 

US stock markets have today gone through another turbulent day as investors await President Donald Trump’s expected tariff announcement. While several stocks climbed with decent gains  earlier today while later retreating from their highs and closing in green candles. 

Throughout the day, markets have been volatile awaiting Trump’s 4 pm ET announcement, with investors uncertain about the impact of new tariffs. 

The Dow Jones Industrial Average rose by 97 points (0.23%) and the S&P 500 gained 0.26% while The Nasdaq Composite increased by 0.4%. The Dow surged nearly 400 points in early afternoon trading before pulling back but managed to stay in the green.

While the markets closed at 4 pm ET, stock futures trading will continue to give investors a chance to react to Trump’s decision.

Movements before Trump Reciprocal Tariffs:

The US president is about to announce new tariffs around the world. As part of his “Liberation Day” economic plan, Donald Trump is going to put new tariffs in place. Some of these are tariffs that are applied to both sides, like those on India, China, Brazil, Japan, and the European Union.

Nayib Bukele meets President Donald Trump Ahead of Tariff Announcement

The El Salvadoran president Nayib Bukele has met with the U.S. President Donald Trump ahead of the tariff announcement, which is now merely half an hour away. With Donald Trump also showing interest in Bitcoin, this meeting follows a planned White House discussion on crypto, immigration, and gangs between both the presidents. 

Known for his advocacy on Bitcoin, Bukele has made BTC a legal tender and holding reserves in the cryptocurrency for his country, a move that aligns with his tech-forward policies. 

The meeting marks Bukele as the first Western Hemisphere leader to receive an official White House invitation under Trump’s second term, highlighting a focus on U.S.-El Salvador relations.

Can XRP become Top Crypto gainer ahead of Trump’s tariff announcements?

Since Ripple Lab’s XRP token is currently the most used cross-border financial payment blockchain technology worldwide, it has the potential to rank among the top beneficiaries following Trump’s tariff announcement. Moreover, with its recent integration of the RLUSD into Ripple payments and the dismissal of the XRP vs. SEC lawsuit, the XRP coin is back on its feet for a major price action.

Under an optimistic outlook, the XRP price could break out of its important resistance zone and hit $2.33 within hours. A positive output from the Trump Tariff announcement could push the price toward the $2.50 range. Conversely, a pullback around the $2.15 range could result in the Ripple price retesting its $2 mark.

Trump’s Tariff announcements set to impact several countries including India, Canada, China and European Union. Find details here

President Trump administration is all set to make announcements regarding new tariff arrangements against several countries including India, China, Brazil, Canada and European Union, a move that is set to bring turbulence in global stock and crypto markets and severely impact key sectors including pharma, automobile, steel and aluminum, IT among others.

Find details of Trump’s tariff announcements here:

What: US President Donald Trump has claimed to introduce steep tariff rates against several countries, including its close allies, effective from April 3. Trump has rebranded April 2, 2025 tariff arrangements as “Liberation Day” for Americans.

Why: President Trump has branded fresh tariff announcements are “reciprocal tariffs” against countries that U.S. government believes has imposed unreasonable tariff rates against U.S. based export products.

When: Tariff announcements will be made at 4pm EST (1:30 AM IST).

Countries to be impacted: 15-25 countries including China, Mexico, Canada, Brazil, India and European Union nations including France and Germany.

Tariff expected in sectors: While details of fresh tariff arrangements have been kept closely guarded, experts suggest 25% tariff against Canada and Mexico imports, 20% tariff against Chinese imports, 25% tariff on all steel and aluminum imports, and a 10% tariff on energy imports from Canada.

Sectors to be impacted: Experts say key sectors like automobile, steel and aluminum, pharmaceuticals, manufacturing and IT in several countries are set to be impacted.

Global Stock and Crypto markets brace for Trump’s Tariff announcement on April 2, 2025 a.k.a the “Liberation Day.”

In a few hours from now, U.S. President Donald Trump’s administration will make major announcements related to “reciprocal tariffs” against several nations, including its allies, on Wednesday, in a move that Trump has rebranded as “Liberation Day.”

Trump administration is expected to impose a steep 25% tariff on all auto imports along with several major tariff announcements. The key details of Trump’s reciprocal tariff plan has been closely guarded by his inner circles in the White House but experts suggest that key sectors like automobile, electrical, pharma, chemical and IT will take impact in over 25 nations, currently in tariff arrangements with U.S.

Global stock markets and crypto markets have already started bracing, anticipating major turbulence ahead of tariff announcements. Japan’s Nikkei ended its share average on Wednesday with 0.28% rise at 35,725.87, according to The Indian Express . In India, Bombay Stock Exchange (BSE) Sensex rose 0.78% at 592.93 points, ending at 76,617.

Bitcoin’s price has seen a marginal rise of 2.2% in the past 24 hours is currently placed around $87,000. Both Ethereum ($1903) and XRP ($2.17)have also followed BTC trajectory and gained minor surges.

Both global and crypto markets have given positive signal till now, ahead of Trump’s radical reciprocal tariff plans but much would depend upon how Wednesday, April 2, 2025 progresses.

Also Read: Will Bitcoin Price Follow the Stock Market after Trump’s Tariff?