The latest statement from U.S. President Donald Trump regarding the potential introduction of import tariffs has seriously unsettled investors, leading to a drop in the cryptocurrency Bitcoin and a wave of selling in risky currencies such as the Australian dollar, which fell by five percent. The dollar, in turn, received support as a safe-haven asset.
Activity in the cryptocurrency market has surged as traders sought to reduce risk during the trading session, and cryptocurrencies have become one of the largest losers. Trump stated on Thursday that the proposed import tariffs of 25% on goods from Mexico and Canada would take effect on Tuesday, along with additional tariffs of 10% on goods from China, provoking discontent among those hoping for a delay in their implementation.
