The time is getting closer to April 2nd!
Trump stated at the White House on Wednesday: "We will impose a 25% tariff on all non-American-made cars. We want to charge countries that do business in our country because they have taken our jobs, taken our wealth, and they have taken a lot over the years."
Trump's '25% tariff death order' on imported cars: effective on April 2nd, to be imposed starting April 3rd.
The 25% tariff is imposed on top of the existing tariffs (currently, the car tariff is usually 2.5%).
Personal interpretation: Increasing tariffs will inevitably lead to rising domestic prices, which is very unfavorable for the Federal Reserve's effort to alleviate inflation pressure. The Federal Reserve's delay in the interest rate cut cycle is a negative for both the cryptocurrency market and the U.S. stock market!
The trend has already emerged!
Comment section, hit 1 and I will guide you in layout!
