Trump's Tariff Policy U-turn: 125% Tariff Rate Pressures Countermeasure Nation, Bitcoin Surges Nearly 8% in a Single Day Breaking $83,000

Blockbeats
10 Apr

BlockBeats News, April 10th, U.S. President Trump announced that he would escalate tariffs against retaliating countries directly to 125% from the current rate, with immediate effect. At the same time, a 90-day tariff suspension would be implemented for countries or regions that did not take retaliatory action, with only a 10% base tariff remaining.

This "shock and awe" tariff storm unexpectedly triggered a cryptocurrency market surge: according to BiyaPay market data, Bitcoin surged nearly 8% within 24 hours of the announcement, reaching a peak price above $83,000, and is now trading at $82,510. Crypto analysts pointed out that if the tariff suspension continues, Bitcoin may see a new round of institutional fund inflow, but caution is advised against the fluctuation risks brought about by policy reversals.

Trump's tariff suspension has shifted from the "tariff club" to a "policy reversal," and the financial market has responded with a surge. Behind this celebration lies a deep-seated transformation in global supply chain restructuring, geopolitical gamesmanship, and capital flow. During the 90-day window, the market may continue to interpret the "policy market" trend, and the ultimate direction still awaits more signals of certainty.

Facing a highly volatile market environment, investors have seen a sharp increase in demand for secure and efficient asset allocation tools. In this context, BiyaPay, as the world's first multi-asset trading wallet, has demonstrated unique value. It has now facilitated instant fiat-to-crypto exchange, participation in U.S./Hong Kong stock markets with USDT, zero-fee spot/futures Maker trades, a compliant B2C withdrawal channel, secure unfreezing of card withdrawals, effectively mitigating the fund freezing risks in traditional OTC/C2C trades, and providing practical solutions for crypto investors to cope with policy uncertainties.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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