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Critical hours have begun for Bitcoin (BTC) and Altcoins! Donald Trump's customs tariff announcement is expected! What time will he speak? Here are all the details you need to know!
The long-awaited April 2 US Liberation Day has arrived. US President Donald Trump is expected to announce reciprocal tariffs for global trade.
According to Trump's plan, the US will impose reciprocal tariffs on every country that imposes tariffs on the US without exception, and it will be announced today.
White House Press Secretary Karoline Leavitt stated during a press conference that the tariffs would come into effect immediately after their announcement, saying, "April 2, 2025, will go down in history as one of the most important days in modern American history."
Trump's speech, which has an impact on both global and crypto markets, will also be closely followed by Bitcoin and crypto investors.
Trump is expected to announce customs duties at a major event at the White House today, April 2. While he is expected to announce new tariffs for 15 countries, including China, Canada, and Mexico, these countries already impose customs duties on the U.S.
Trump is expected to make a statement on April 2 at 16:00 local time, 23:00 TSİ.
What to Expect in the Cryptocurrency Market?
K33 Research analysts Vetle Lunde and David Zimmerman stated that they expect the announcements of tariffs to have a significant impact on the market due to the high correlation between stocks and Bitcoin.
BRN's chief analyst Valentin Fournier stated that significant and critical risks continue due to the unpredictability of Trump's speech.
Zach Pandl, the head of research at Grayscale, stated that the worst effects of tariffs on cryptocurrencies may have already been reflected in prices. He also added that if Donald Trump’s tariff plans are implemented gradually, the financial markets could recover, which could also help Bitcoin.