The looming uncertainty around Donald Trump’s trade war has created chaos in the crypto market

The looming uncertainty around Donald Trump’s trade war has created chaos in the crypto market, resulting in investors opting to sell their altcoins. However

The looming uncertainty around Donald Trump’s trade war has created chaos in the crypto market, resulting in investors opting to sell their altcoins. However, the crypto market has witnessed significant recovery since Trump put a pause on smartphone and electronics tariffs.

Recently, we reported that the administration would be exempting some products, including smartphones and electronics, from the new tariffs in an effort to mitigate the impact on consumers. However, the exemption is short-lived as the products would be subject to a different category of tariffs, according to Commerce Secretary Howard Lutnick.

“There is no Tariff exception; they are just moving to a different Tariff ‘bucket,” explained Lutnick during an interview with CNBC.

The administration is planning to impose a new set of tariffs on a range of products, including semiconductors, in the coming months, while exempting some consumer goods like smartphones and electronics from the same category of tariffs.

“We are also planning a national security tariff investigation in the semiconductor and electronics supply chain to determine whether additional tariffs are necessary to protect U.S. economic interests,” a Commerce Department spokesperson told CC.

The new tariffs would be in addition to the existing 145% tariffs that the U.S. has placed on Chinese goods in response to the Chinese government’s tariffs on U.S. goods, which total 125% of the value of the goods.

The administration is also considering imposing tariffs on a wider range of products, such as solar panels and modules, in an effort to exert pressure on the Chinese government to negotiate a trade deal.

The prospect of a broader tariff regime could spell bad news for cryptocurrency investors, who have already been battered by a bear market and the collapse of major exchange FTX.

Top 3 Altcoins To Sell Now

Besides Trump’s tariff, a few digital assets could face additional downtrends due to massive token unlocks, creating the need to sell them. According to Tokenomist, more than a billion tokens will be unlocked in the upcoming days, affecting the crypto’s price.

This includes Donald Trump’s OTRUMP (CRYPTO: TRUMP) coin. The once-trending meme coin is already struggling on the charts, and the upcoming $321.6M worth of tokens that will be unlocked on April 18 could crash its price further due to high volatility.

Arbitrum (CRYPTO: ARB) and Starkent (CRYPTO: STRK) are the two other altcoins to sell due to their $16.40M and $27.20M token unlocks. Notably, these cryptos were impacted by market volatility and are under a significant downtrend. The unlocks would add liquidity, decreasing demand and crashing prices.

The table below highlights the top three altcoins to sell now:

Altcoin Token Unlocks Date

Otrump (TRUMP) $321.60M April 18

Arbitrum (ARB) $16.40M May 16

Starkent (STRK) $27.20M May 24