The global crypto market plunged again late Friday after US President Donald Trump announced sweeping new tariffs and export controls on China, escalating tensions to their highest point since 2019. In a statement posted online, Trump said the US would impose a 100% tariff on all Chinese imports starting November 1, citing what he called Beijing’s “extraordinarily aggressive” move to impose broad export controls on “virtually every product they make. ” US and China Enter Their Biggest Trade War Since 2019 The announcement triggered immediate market turmoil. Within hours, the total cryptocurrency market capitalization fell from around $4
source: https://beincrypto.com/trump-china-tariff-triggers-200-billion-crypto-crash/