From Yahoo Finance: 2025-04-01 10:51:00

White House officials are considering a 20% tariff on most imports to the U.S., part of Trump’s “reciprocal tariff” strategy, set to be announced Wednesday. Markets are watching closely for the policy rollout and potential trillions in revenues to fund tax rebates for American households.

The U.S. imposes a 25% tariff on countries buying Venezuelan oil, pressuring Caracas and leading major buyers like India’s Reliance Industries and Chinese refiners to pull back from deals with PDVSA. Trump’s post on Truth Social may signal approval of the move.

Dow Jones dips 0.97% on April 1 amid tariff uncertainty, with Nasdaq and S&P 500 also declining. Markets are mixed ahead of Trump’s tariff announcement, with consumer and tech stocks boosting Nasdaq and Dow Jones slightly up.

Bitcoin’s price at $83,597.34 on April 1 experiences a 4.54% drop over the past week, with bearish signals on MACD chart awaiting Trump’s tariff announcement. The global crypto market cap stands at $2.71 trillion, showing short-term bullish sentiment.

Concern arises as MACD chart indicates a bearish momentum for Bitcoin, with the MACD line crossing below the signal line and the histogram remaining negative. This technical setup signals a loss of momentum as Bitcoin struggles to reach the $85,000 mark.

Read more: ‘America first’ trade war policy has the entire stock and Bitcoin market under anxiety