Bitcoin

Bitcoin stumbles as Trump announces 25% steel and aluminum tariffs

Crypto markets have been steadily recovering after a brief dip in the wake of more tariff announcements from US President Donald Trump.

Crypto markets stumbled as US President Donald Trump announced tariffs on aluminum and steel — the latest salvo in an escalating US trade war. 

Trump said that any “steel coming into the United States” and aluminum will be hit with a 25% tariff, according to a Feb. 9 report by the Associated Press.

He also said that the White House would launch reciprocal tariffs on countries levying import fees on US goods.

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