How Could 'Liberation Day' Impact Crypto?

Crypto's traders are bracing for Trump's tariffs; here's how they're positioning themselves.

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Trump’s long-awaited “Liberation Day” tariff announcement will touch down tomorrow, and with it, the possibility of a sweeping 20% tariff across all imports — a proposal once floated on the campaign trail that now appears back in serious contention. 

The path here has been winding and chaotic, filled with multiple postponements, shifting timelines, and last-minute pivots. So far this week, messaging has shifted from tariffs on “all countries worldwide, no exemption” on Sunday to tariffs as “relatively lenient” and “very kind” come Monday.

This kind of back and forth has left markets jittery — and crypto, as a 24/7 market, is often ground zero for those reactions. 

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David C

Written by David C

369 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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