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Trump announced an increase in auto tariffs, GME issued $1.3 billion to allocate Bitcoin.
gate News bot message, according to the QCP capital report, Trump announced a 25% tariff on automobile imports on April 3, and imposed retaliatory tariffs on major trading partners of the United States. Following the implementation of this policy, the Japanese and South Korean stock markets immediately fell.
In the cryptocurrency market, GME announced a $1.3 billion issuance for Bitcoin allocation. Despite this initiative being announced, the overall trading sentiment in the crypto market remains subdued. QCP Capital pointed out that market upside is constrained until further clarifications on Trump's trade policies are made.