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加密货币新闻
Donald Trump Has Completed His First 100 Days at the White House with a Bullish Note for His TRUMP Memecoin Price Performance
2025/04/30 16:03
Donald Trump has now completed his first 100 days at the White House, an eventful period that saw the launch of a TRUMP memecoin, several crypto moves, and a chaotic crypto market.
Having promised a U.S. bitcoin presence during his presidential campaigns, which he won to become the 47th U.S. President, these few days brought complete turmoil in the crypto market. From the election win to a meme coin launch and the crypto market crash, a lot happened. But what’s coming next?
President Trump Breaks Out the Trump Dance to Celebrate 100 Days of Winning! 🇺🇸 pic.twitter.com/a13XxGvpZx
— The White House (@WhiteHouse) April 30, 2025
Beginning with the U.S. Strategic Bitcoin Reserve, which saw the government begin collecting and storing the flagship cryptocurrency, Trump also introduced a new crypto-friendly SEC Chair with Paul Atkins.
However, there were many more, including a $500B AI initiative (backed by OpenAI and other AI firms), Pardoning Silk Road founder Ross Ulbricht, a CBDC ban, and the formation of a pro-crypto working group.
Some also saw the US-China trade war get worse after the former imposed serious tariffs on the latter's goods, ultimately disrupting the supply chain and increasing the odds of a US recession.
The U.S. administration imposed tariffs on $700 billion worth of goods from China, and in response, the Chinese government imposed tariffs on $600 billion worth of U.S. goods.
These actions had a significant impact on the global economy, as they led to increased prices for consumers and businesses. The tariffs also disrupted supply chains and made it more difficult for U.S. companies to do business in China.
The trade war began in 2018, when the Trump administration imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports from the European Union, Canada, and Mexico.
These tariffs were imposed in response to U.S. claims that these countries were dumping steel and aluminum on the U.S. market at below market prices.
The EU, Canada, and Mexico retaliated by imposing tariffs on U.S. goods, such as whiskey, motorcycles, and steel.
The trade war escalated in 2019, when the Trump administration imposed a 15% tariff on goods imported from China.
These tariffs were imposed in response to U.S. claims that China was engaging in unfair trade practices, such as stealing U.S. intellectual property and forcing U.S. companies to transfer their technology to Chinese firms.
China retaliated by imposing tariffs on U.S. goods, including soybeans and beef.
The trade war had a mixed impact on the U.S. economy.
On the one hand, the tariffs led to higher prices for consumers and businesses. For example, the tariffs on steel led to higher prices for cars and other durable goods.
The tariffs also disrupted supply chains. For example, the tariffs on soybeans led to a decrease in U.S. soybean exports to China.
On the other hand, the tariffs led to increased U.S. jobs in some sectors. For example, the tariffs on steel led to increased employment at U.S. steel mills.
The trade war also affected the crypto market. For example, the U.S. tariffs on China led to a decrease in the price of Bitcoin.
This was due to the fact that China is a major source of liquidity for the crypto market. When the U.S. tariffs disrupted trade between the two countries, it also had an impact on crypto trading activity.
Despite the varying opinions, the Trump administration's policies on crypto assets, trade, and AI have left an undeniable mark on the technological and political landscape. As the dust settles on the first 100 days, the next chapter in this administration's term promises to be just as intriguing.
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