Trump’s tariff bombshell: A US$660 billion shake-up for global trade

Quick Summary:

The latest developments surrounding US President Donald Trump’s executive order on tariffs, announced on April 3, 2025, are within my expectations.But maybe not for all.

Companies like Nike, which sources half its footwear from Vietnam, saw shares plummet seven per cent in after-hours trading, a stark reminder of the corporate collateral damage.

Bitcoin dropped two per cent, Ethereum and Solana each fell four per cent, and XRP slid three per cent, while Trump’s own meme token took a 10 per cent hit before showing flickers of recovery.

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Article Details

Author / Journalist: Anndy Lian

Category: StartupsTechnology

Markets: SingaporeVietnam

Topics: Finance Blockchain Community Daily Column Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 07:58:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 1475 words

Reading Time: 9 minutes read

Sentences: 2 lines

Sentence Length: 738 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 27558758

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 13 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #10

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