Markets braced for chaos after Trump triggers record-breaking crypto crash
Yahoo Finance·2025-10-11 16:38
America already imposes 30pc tariffs on Chinese imports, meaning that Donald Trump’s latest threat would take levies to 130pc - Shawn Thew/Pool/EPA/Shutterstock Donald Trump’s threat to impose new 100pc tariffs on China has triggered one of the biggest cryptocurrency crashes in history and stoked fears of chaos in global markets next week. Around $400bn (£300bn) was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies o ...