Following threats made throughout his campaign and repeated in opening days for his presidency, Donald Trump has imposed 25% duty on almost all imports from Mexico and Canada and a 10% duty on goods from China.

The tariffs are in effect from Tuesday.

“The persistent influx of illegal opioids and other drugs has deep consequences for our nation, which jeopardizes life and puts a serious burden on our health care system, public services and communities,” the president said in his executive order approving the taxes.

With traditional markets closed over the weekend, Crypto carries the head of the risk-off reaction on the tariffs. Bitcoin (BTC) is lower by 2% and just hangs at over $ 100,000 after rising as high as $ 106,000 just a little more than 24 hours ago.

Altcoins are doing worse, with ether (ETH), XRP and SOLANA (sun) lower by 6%-8%. The wide market meter Coindesk 20 index has fallen 4.8%.

There will be no exceptions to the tariffs, a senior official in the White House told WSJ, and they will remain in place until the president is satisfied that the countries mentioned have stopped the flow of fentanyl into the US

“No – on both sides of the border – wants to see US tariffs on Canadian goods,” wrote the trooping Canadian Prime Minister Justin Trudeau on X yesterday. “If the US goes on, Canada is ready with a powerful and immediate reaction.”