Trump’s Tariff Announcement Today: What Time Is It and How Will It Impact Crypto

Trump’s Liberation Day is here, and he is scheduled to sign a broad series of tariffs at 4 pm Eastern. This has created a lot of market uncertainty, which may have a few key impacts on the crypto market.

To answer the crypto community’s most pressing questions, BeInCrypto has conducted exclusive interviews with a few industry experts.

What Will Happen on Liberation Day?

President Trump’s Liberation Day, the long-awaited event where he will pass a sweeping run of tariffs, is finally here. He is expected to sign these tariffs at 4 pm Eastern Standard Time at the White House Rose Garden. These tariffs have caused a lot of anxiety in the crypto markets, but they still won’t happen for a few hours. What should crypto investors be aware of?

“The crypto market remains closely tied to macroeconomic trends, and unfortunately, uncertainty is the name of the game right now. With the new tariffs taking effect today—and given how unpredictable the Trump administration has historically been in handling trade policies—investor confidence is understandably shaky,” Jack Vinijtrongjit, CEO and Co-Founder of Saakuru Labs, said in an exclusive interview with BeInCrypto.

This uncertainty is at the core of Liberation Day’s market impact. Trump is set to impose tariffs on virtually every country, following this up with a 25% automobile import tariff and reciprocal moves against nations that retaliate. If that happens at advertised, it could cause a US recession.

However, Trump has avoided tariffs at the last minute on multiple occasions over the previous two months. These incidents boosted the price of crypto before, and Vinijtrongjit claimed that “any rollback or delay” could cause “a bounce across the board” in crypto markets today. Ultimately, a narrowly averted crisis is probably the most bullish scenario for Liberation Day.

A tactic like that may cause short-term gains, but the crypto market has been desperate for a bullish narrative. If Trump has played this scenario out before, will it have the juice to bring significant gains again? Trump previously referred to his Inauguration as “Liberation Day,” so even the name is recycled.

“‘Liberation Day’ is just one phase in the ongoing trade war and is unlikely to deliver the clarity that investors, businesses, and households are seeking. Even if trade tensions ease, the US economy is still expected to weaken due to factors like government spending cuts and employment challenges,” Fakhul Miah, GoMining’s Head of Institutional Business Development, told BeInCrypto.

In short, there is a lot to be anxious about today. Hopefully, this economic anxiety has been priced in, as a few key indicators suggest. Whatever happens, the President is playing a very high-stakes game.