After the threats made throughout his campaign and repeated himself on the opening days of his presidency, Donald Trump has imposed 25% tariffs on almost all imports from Mexico and Canada and a 10% rate on the goods of China.
Rates are effective as of Tuesday.
“The sustained influx of illicit opioids and other drugs has profound consequences in our nation, endangering lives and exercising severe tension in our health system, public services and communities,” said the president in his executive order that authorizes the taxes .
With traditional markets closed over the weekend, Crypto is taking the worst part of the risk reaction to rates. Bitcoin (BTC) is lower by 2% and is only maintained above $ 100,000 after increasing up to $ 106,000 just a little more than 24 hours ago.
The Altcoins are improving, with ether (ETH), XRP and Solana (Sun) lower by 6%-8%. The Broad Market Gauge Coendesk 20 index has dropped 4.8%.
There will be no exemptions for tariffs, said a senior White House official to the WSJ, and will remain in place until the president is satisfied that the countries appointed have stopped the flow of fentanyl in the United States.
“No one, on both sides of the border, wants to see US tariffs on Canadian goods,” wrote the Canadian Prime Minister Justin Trudeau, in X. “If the United States progresses, Canada is ready with a blunt and immediate response.”
