During a ceremony in the Rose Garden on Wednesday, President Trump announced his plans to swiftly implement an order for “reciprocal tariffs” aimed at U.S. trading partners.
“For over 50 years, taxpayers in our nation have been taken advantage of, but that era is over,” Trump stated, indicating that the tariffs would take effect at midnight.
The first specific tariff disclosed during the event was a 25% charge on all automobiles manufactured overseas.
As Trump delivered his remarks, the value of bitcoin (BTC) fluctuated but is currently trading at $87,300, showing only a slight increase since before the ceremony.