๐บ๐ธ Donald Trump has signed an executive order imposing 25% tariffs on imports from Canada and Mexico, as well as 10% on Chinese goods.
โก๏ธ The official reason cited is the fight against drug trafficking and illegal immigration, but experts see this as a new escalation of the global economic conflict.
โ๏ธ The response was swift: Canada and Mexico announced retaliatory measures, while China is preparing a lawsuit at the World Trade Organization (WTO) and may impose sanctions against the U.S. tech sector.
๐ As a result:
โ U.S. stock indices began to decline rapidly.
โ BTC plunged to $91,000;
โ ETH dropped below $2,100;
โ Meme coins crashed by 30-40%.
Coinglass: In the last 24 hours, $2,000,000,000 worth of crypto positions were liquidated.
๐ฝ Long traders took the biggest hit, losing $1.79 billion.
๐ A total of 708,604 traders were affected, with the largest liquidation happening on Binance in the ETH/USDT pair โ totaling $25.64 million.