The post Trump’s 100% Tariffs: Is This the End for Dogecoin? appeared on BitcoinEthereumNews.com.
Dogecoin price just got caught in the crossfire of global politics. President Donald Trump’s shock move to impose a 100% tariff on Chinese goods has reignited the U.S.-China trade war, spooking investors worldwide. Stocks are already tumbling, consumer sentiment has hit its lowest point since May, and traders are rushing out of risky assets. For meme coins like DOGE price, built more on hype than fundamentals, this is the perfect storm. The big question now isn’t whether Dogecoin can rally—but whether it can avoid a freefall that takes it dangerously close to zero. Dogecoin Price Prediction: Why the Trade War News Matters for DOGE Price? President Donald Trump’s sudden announcement of a 100% tariff hike on Chinese goods has reignited fears of a global trade war. The ripple effects are clear: higher inflation, a weaker job market, and investors rushing away from risky assets. For cryptocurrencies like Dogecoin price, which thrive in speculative environments, this kind of macroeconomic tension often triggers sharp volatility. The connection is simple. Tariffs fuel uncertainty. Uncertainty weakens consumer confidence and drains liquidity from markets. When people feel jobs and savings are at risk, they stop gambling on meme coins. What the Consumer Sentiment Data Tells Us? The latest Michigan Consumer Sentiment Index slipped again in October, marking the lowest reading since May. That month also saw a sharp market reaction to Trump’s earlier tariff threats. Now, with trade tensions back on the table, consumer psychology is clearly fragile. Why does this matter for DOGE price? Because sentiment drives flows into risk assets. When optimism is scarce, retail traders tighten their exposure, and meme coins like Dogecoin feel the pressure first. DOGE Price Chart Analysis: Bearish Signals Pile Up DOGE/USD Daily Chart- TradingView Looking at the daily DOGE price chart: Dogecoin price has broken sharply below…