Donald Trump

President Donald Trump

Momentum

<ul class="wp-block-list"><li>Trump has announced imposing a 200% tariff on French wines and champagnes.</li><li>This has added uncertainty in international trade.</li><li>The global crypto market is seen losing momentum.</li></ul>US President Donald Trump has now threatened to impose tariffs on French wines and champagnes. This adds to the list of tariffs imposed by Trump in the last couple of days, adding uncertainty to international trade. Meanwhile, the crypto market has started losing momentum after staying mostly the same for 24 hours.<h3 class="wp-block-heading" id="h-trump-tariffs-on-french-wines-and-champagnes">Trump Tariffs on French Wines and Champagnes</h3>US President Donald Trump has announced a new tariff rate of 200% on French wines and champagne. This is <a href="https://www.reuters.com/world/europe/trump-threatens-tariffs-french-wines-get-macron-join-board-peace-2026-01-20/" rel="noopener noreferrer nofollow">reportedly</a> aimed at persuading Emmanuel Macron, President of France, to join the Board of Peace.For a quick reference, the Board of Peace is an initiative that aims to resolve conflicts across the globe. Members joining the initiative are required to pay $1 billion in cash if they want their membership to last for more than three years.A draft has been sent to almost 60 countries by the US administration. It is speculated that Macron would decline a seat on the board.<h3 class="wp-block-heading" id="h-momentum-of-crypto-market">Momentum of Crypto Market</h3>The global crypto market sustained a momentum for 24 hours. But, values are now slipping down with the market cap dipping by 1.61%. Even the flagship token, BTC, has shed 1.70% of its value over the last 24 hours to exchange hands at $91,093.82 when the article is being written.BTC is now projected to grow by 10.87% to $102,597 in the next 3 months, a little lower than what was earlier estimated. <a href="https://thenewscrypto.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">BTC price prediction</a> still expects the token to soon surpass its ATH of $126,198.07, which was recorded on October 07, 2025.Meanwhile, other cryptocurrencies that have lost significant values in a single day are ETH (-2.47%), TRX (-3.11%), and XMR (-8.60%), to mention a few.<h3 class="wp-block-heading" id="h-international-trade-uncertainty">International Trade Uncertainty</h3>This is not the first time Trump has announced, or imposed, tariffs on a country. He recently imposed a 10% <a href="https://thenewscrypto.com/us-growth-forecast-under-scanner-despite-a-slight-rise-crypto-market-reacts-little/" rel="noopener noreferrer nofollow">tariff rate on select European nations</a>, effective February 01, 2026. The rate is likely to be revised to 25% effective June 01, 2026. Trump’s intention is to reach a deal with nations over Greenland, which he mentions is for the security purposes of the US.Investors have reacted to this by diverting their funds to safer alternatives like <a href="https://thenewscrypto.com/crypto-market-retraces-lower-points-as-gold-and-silver-hit-a-new-high/" rel="noopener noreferrer nofollow">Gold and Silver</a>. This is another factor that has likely impacted the prices of cryptocurrencies, considering both reached a new high yesterday.Highlighted Crypto News Today:<a href="https://thenewscrypto.com/tether-teams-up-with-bitqik-for-digital-asset-education-program-in-laos/" rel="noopener noreferrer nofollow">Tether Teams Up With Bitqik for Digital Asset Education Program in Laos</a>

Trump Proposes Tariffs on French Wine, Adds to International Trade Uncertainty as Crypto Market Loses Momentum

Table of Contents

TheNewsCrypto

Other articles published on Jan 20, 2026

Could XRP’s Recent Struggles Signal a New Direction?

Bitcoin Price Forecast: Can BTC Touch $100,000 Soon, As This $0.04 New Crypto Coin Steals The Show

Pump.fun introduces its $3M Build in Public Hackathon

ETH/BTC Death Cross at 2026's Start Went Unnoticed, What's Happening Now?

SHIB Price Analysis for January 20

DOGE Price Analysis for January 20

Join our free newsletter for daily crypto updates!