---
title: "Crypto Prices Plunge as Trump Hits China with 100% Tariffs"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-10-11T10:32:54+00:00"
modified: "2025-10-11T10:32:54+00:00"
date: 2025-10-11
canonical: "https://www.share-talk.com/crypto-prices-plunge-as-trump-hits-china-with-100-tariffs/"
category: "Blogs"
categories: ["Blogs", "e-commerce", "Fintech", "Technology", "Technology, Media & Telecoms"]
tags: ["Alphabet", "Amazon", "Apple", "Beijing", "Bitcoin", "BNB", "canada", "carmakers", "china", "chinese", "Crypto", "Donald Trump", "Dow Jones", "Ethereum", "EU", "European", "GDP", "goods", "Hong kong", "Japan", "London", "Magnificent Seven", "Meta", "Mexican", "Mexico", "Microsoft", "Nvidia", "President Xi Jinping", "Solana", "tech giants", "Tesla", "UK", "UK economy", "US economy", "USA", "XRP"]
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format: "news"
language: "en-GB"
---

# Crypto Prices Plunge as Trump Hits China with 100% Tariffs

**Published:** October 11, 2025
**Author:** sharetalk
**Categories:** Blogs, e-commerce, Fintech, Technology, Technology, Media & Telecoms
**Tags:** Alphabet, Amazon, Apple, Beijing, Bitcoin, BNB, canada, carmakers, china, chinese, Crypto, Donald Trump, Dow Jones, Ethereum, EU, European, GDP, goods, Hong kong, Japan, London, Magnificent Seven, Meta, Mexican, Mexico, Microsoft, Nvidia, President Xi Jinping, Solana, tech giants, Tesla, UK, UK economy, US economy, USA, XRP
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Donald Trump has detonated a fresh shockwave through global markets by announcing sweeping new **100% tariffs** on Chinese imports to the US, set to take effect on **November 1**.

These duties will pile on top of existing charges — pushing the **total tariff rate on Chinese goods to an eye-watering 130%**. The move follows a day of turmoil on Wall Street, where mere hints of the tariffs earlier in the day had already sparked the **worst US stock sell-off since April**, as investors braced for a new escalation in the US-China trade war.

In addition to the tariffs, Mr Trump revealed plans for new **export controls on “critical software”**, further straining relations between the world’s two largest economies.

The fallout is expected to be immediate: soaring import costs for US consumers, mounting pressure on businesses dependent on Chinese supply chains, and deepening uncertainty across global markets. But the biggest question now hanging over investors — **how will Beijing strike back?**

Cryptocurrency markets were rocked on Friday after Donald Trump’s surprise move to slap **100% tariffs** on Chinese imports sent shockwaves through global finance.

**Bitcoin** nosedived nearly **10%**, briefly dipping below **$110,000** before stabilising around **$113,559**, according to CoinMarketCap. **Ethereum** tumbled **10.47%** to **$3,896**, while **BNB**, **Solana**, and **XRP** plunged **13.49%**, **12.64%**, and **20.72%**, respectively.

The sell-off mirrored broader market panic as traders dumped risk assets in favour of safer havens like gold and Treasuries. With tensions between Washington and Beijing now threatening to ignite a new phase of the trade war, crypto investors are bracing for more volatility ahead.

Wall Street was gripped by panic on Friday after a fiery **Truth Social** post from President Donald Trump warning of a “**massive**” tariff increase and the cancellation of his upcoming meeting with **President Xi Jinping** amid a growing dispute over **rare earth minerals**.

The shock announcement triggered the **biggest single-day sell-off in US stocks since April**. The **S&P 500** sank **2.71%**, marking its steepest decline since April 10 in the wake of Trump’s previous “Liberation Day” tariffs. The **Nasdaq** plunged **3.56%**, while the **Dow Jones Industrial Average** dropped **1.9%**, as investors scrambled to assess the fallout of a rapidly escalating trade war.

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