Trump’s announcement of new tariffs led to a significant reaction, with the Dow futures declining by 1.2%. This has raised concerns about the possibility of a trade war impacting various sectors.

Over the past day, Bitcoin and Ethereum prices dropped 5% and 10%, respectively, while XRP and Dogecoin fell by 19%. This decline reflects a broader sentiment of uncertainty among investors.

With the possibility of high interest rates looming, markets are bracing for increased volatility. Analysts believe this could hinder growth prospects and affect corporate profits.