Trump tariff refers to import taxes imposed during Donald Trump’s presidency (2017–2021) to protect U.S. industries and reduce trade deficits. These tariffs often targeted steel, aluminum, and Chinese goods, aiming to encourage domestic production.

Here’s how Donald Trump’s tariff policies have recently affected the cryptocurrency market — in a nutshell.

✅ Key impacts of Trump‑era tariffs on crypto

Increased volatility in crypto prices — Tariff announcements (especially steep or surprise ones) often trigger fear and risk‑off sentiment. That has repeatedly caused sharp drops in major cryptocurrencies such as Bitcoin $BTC and Ethereum $ETH CCN+2AInvest+2

Sell‑offs and liquidation of leveraged positions — When markets turn risk‑off, leveraged bets on crypto tend to unwind fast, causing large liquidations and accelerating price declines. AInvest+2AInvest+2

Disruption to crypto‑mining supply chains — Tariffs (especially on imports like mining hardware from abroad) can increase costs for miners, possibly reducing mining profitability or causing smaller miners to shut down. Cointelegraph+2CCN+2

Broader macroeconomic uncertainty and lower investor confidence — Trade policy shifts, inflation pressure, and economic slowdown induced by tariffs can push investors away from risk‑assets like crypto toward safer investments (e.g. cash or bonds)