Financial markets have been hit by Trump's threats of tariffs, causing declines in equities and bitcoin, which dipped below $108,000.
Lara Maior
Economy
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On Monday, financial markets were rocked by President Trump's threats of trade tariffs, sparking fears of a global trade war. Bitcoin, which recently hit an all-time high, fell below $108,000. Trump warned Japan and South Korea of possible tariffs of 25%, and the list of targeted countries expanded, causing a negative reaction in equity markets. S&P 500 shares fell nearly 1% and Japanese automakers were hit significantly. This geopolitical uncertainty has led investors to consider bitcoin a risky asset.
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