Analysis: Trump's tariff plan disrupts the market, Bitcoin plunges due to risk aversion

The price of Bitcoin has fallen due to concerns about the upcoming tariffs in the United States, which have reduced investors' preference for risky assets. Earlier this week, President Trump announced a new 25% tariff on cars and car parts, set to take effect on April 2nd. He also plans to implement reciprocal tariffs on US trade partners on the same day. Naeem Aslam, an analyst at Zaya Capital Markets, said in a report: "The implementation of these tariffs has heightened people's concerns about a global trade war." He also stated that the possibility of affected countries implementing retaliatory tariffs increased uncertainty and prompted investors to reassess their risk exposure.