Trump Administration Implements Comprehensive Tariff Policy to Address Trade Deficit

According to Odaily, on April 2, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy aimed at reversing a $1.2 trillion trade deficit in goods. This move led to a 9.7% plunge in the S&P 500 index over two days, wiping out $5.4 trillion in market value, marking the largest drop in history and surpassing the $3.3 trillion record set during the March 2020 pandemic crash. The Nasdaq 100 index's technology stocks experienced a significant decline, with a single-day drop setting a record since 2022. Meanwhile, Bitcoin's decline was limited to 3.7%, maintaining a crucial support level at $82,000. Analysts remain optimistic about Bitcoin's potential for growth throughout the remainder of 2025. Real Vision's Chief Crypto Analyst, Jamie Coutts, expressed confidence that the increasing money supply could drive Bitcoin's price above $132,000 by the end of 2025.