Bitcoin Drops Over 6% to $83,100 Following Trump's 25% Tariff on Foreign Autos and 34% on Chinese Imports

Bitcoin and other cryptocurrencies have experienced a notable decline following President Donald Trump's announcement of new tariffs on foreign imports. The tariffs include a 25% levy on all foreign automobiles, with specific rates of 34% on Chinese imports, 46% on Vietnamese goods, and 20% on products from the European Union. The price of Bitcoin fell over 6% from $88,500, reflecting a broader downturn in risk assets. This move has contributed to increased volatility in the crypto market, as investors react to the implications of the tariffs on international trade and economic stability. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io