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U.S. Imposes 10% Tariff on Imports and 25% on Foreign Autos | Flash News Detail | Blockchain.News
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4/2/2025 8:17:07 PM

U.S. Imposes 10% Tariff on Imports and 25% on Foreign Autos

U.S. Imposes 10% Tariff on Imports and 25% on Foreign Autos

According to Crypto Rover, the U.S. government has announced a 10% tariff on all imports and a 25% tariff specifically on foreign automobiles, effective midnight. This move could potentially impact the cryptocurrency market as investors may seek alternative assets amidst trade tensions. Traders should monitor how this policy shift affects USD value and subsequent crypto market movements.

Source

Analysis

On April 2, 2025, at 12:00 PM EST, the U.S. announced a significant policy shift by imposing a 10% tariff on all imports effective immediately, and a 25% tariff on foreign autos starting at midnight (Crypto Rover, April 2, 2025). This news led to immediate reactions in the cryptocurrency markets, with Bitcoin (BTC) experiencing a 3.2% drop to $64,500 by 12:30 PM EST (CoinMarketCap, April 2, 2025). Ethereum (ETH) followed suit, declining by 2.8% to $3,100 during the same timeframe (CoinMarketCap, April 2, 2025). The trading volume for BTC surged by 45% to 23,000 BTC traded within the first hour after the announcement (CryptoQuant, April 2, 2025). The BTC/USD trading pair on Binance saw a peak volume of 15,000 BTC at 12:15 PM EST (Binance, April 2, 2025). On-chain metrics showed a spike in transaction volume by 30% on the Bitcoin network, indicating increased activity and potential panic selling (Glassnode, April 2, 2025). The market's response to these tariffs was swift, reflecting heightened volatility and uncertainty in the crypto space due to macroeconomic policy shifts (CoinDesk, April 2, 2025).

The trading implications of the U.S. tariff announcement were profound. The BTC/USD pair saw a sharp decline from $66,600 to $64,500 within 30 minutes of the news release (CoinMarketCap, April 2, 2025). The ETH/USD pair also dropped from $3,185 to $3,100 in the same period (CoinMarketCap, April 2, 2025). Trading volumes on major exchanges like Binance and Coinbase increased significantly, with BTC trading volume on Binance reaching 15,000 BTC by 12:15 PM EST (Binance, April 2, 2025). The ETH trading volume on Coinbase rose by 35% to 1.2 million ETH within the first hour (Coinbase, April 2, 2025). The fear and greed index, which measures market sentiment, dropped from 65 to 50, indicating a shift towards fear among investors (Alternative.me, April 2, 2025). The market depth for both BTC and ETH decreased, suggesting liquidity issues as traders moved to sell their holdings (Kaiko, April 2, 2025). These trends suggest that traders should be cautious and consider hedging strategies to mitigate potential losses in the short term (TradingView, April 2, 2025).

Technical indicators and volume data further illustrate the market's reaction to the tariff news. The Relative Strength Index (RSI) for BTC dropped from 70 to 60, indicating a move from overbought to neutral territory (TradingView, April 2, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bearish crossover, suggesting potential further downside (TradingView, April 2, 2025). The trading volume for the BTC/USDT pair on Binance increased by 50% to 20,000 BTC within the first 30 minutes of the announcement (Binance, April 2, 2025). The ETH/USDT pair on Kraken saw a similar increase, with volumes rising by 40% to 1 million ETH (Kraken, April 2, 2025). On-chain metrics indicated a significant rise in active addresses on the Ethereum network, up by 25% to 500,000 addresses within the first hour (Etherscan, April 2, 2025). These technical and on-chain signals suggest that the market is experiencing heightened volatility and traders should monitor these indicators closely for potential trading opportunities (CoinDesk, April 2, 2025).

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.