Trade War
Trump signs 10% global tariff after supreme court blocks previous measures
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US President Donald Trump signed a decree on Friday (20) imposing a 10% tariff on imports from all countries, responding to the Supreme Court's ruling that previous tariffs under the IEEPA law were illegal. The new measure takes effect on February 24 and lasts 150 days, exempting items like beef, oranges, and critical minerals. For Brazil, the global rate improves competitiveness compared to prior reciprocal tariffs of up to 50%.
China warned Mexico on March 26, 2026, of potential trade reprisals following tariffs imposed in December 2025 on over 1,400 categories of Asian goods, primarily Chinese. The move risks complicating Mexico's USMCA renewal talks with the US. Economy Secretary Marcelo Ebrard dismissed Beijing's complaints, accusing Chinese firms of state-backed dumping.
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Bitcoin has held steady around $93,000, but the cryptocurrency market is preparing for potential volatility. This comes as global leaders at the Davos forum discuss trade war rhetoric, including tariff headlines. A Kraken executive has warned of a bumpy week ahead for crypto investors.
President Donald Trump's announcement of 100% tariffs on Chinese imports sparked the largest cryptocurrency liquidation in history, wiping out $19 billion in leveraged positions. Bitcoin plunged to $104,000, while Ethereum and Solana saw drops of over 14% and 20%, respectively. The sell-off rippled through global markets, with major US stock indices recording their steepest declines in months.
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Cryptocurrency prices plunged on October 10, 2025, after US President Donald Trump announced plans for an additional 100% tariff on Chinese goods and export controls on critical software. Bitcoin fell more than 10% to below $110,000, while other major tokens like Ethereum and Solana dropped 15-30%. The sell-off led to over $7 billion in leveraged position liquidations within hours, according to Coinglass data.