A single announcement from former US President Donald Trump has sent shockwaves across global markets. Trump declared a 100 percent import tariff on major Chinese goods and software starting November 1, 2025. What was meant to pressure China has instead created global financial panic.
Massive loss across global markets
Within hours of the announcement, investors worldwide lost around two trillion dollars in total value. Stock markets tumbled, and even the crypto world couldn’t escape the impact.
Crypto meltdown in numbers
Reports say the crypto market alone lost nearly 560 billion dollars in a single day. Over 1.6 million crypto investors were affected as prices plunged sharply. More than 19 billion dollars in crypto assets vanished, while around 7 billion dollars worth of digital holdings were liquidated in just one hour — marking one of the largest sell-offs in crypto history.
Tech giants hit hard
The US stock market also saw a steep fall. Shares of big tech companies like NVIDIA, Tesla, and Amazon dropped notably, showing how deep the market fear runs.
Uncertainty ahead
Economists warn that this decision could bring more instability in the coming months. While Trump’s move aims to challenge China’s economic dominance, experts believe the global ripple effect might hurt investors and businesses worldwide.
