#TariffsPause
Hi, Binancians!👋😎
Have You listen the latest good news?
Yes, President of United States of America Donald Trump has announced a 90-day pause on all tariffs, except for China. Unfortunately, there rates were raised to 125%.
In response of this, markets surged: approximately 5.5 trillion USD was added to the U.S. stock market, and as a consequence Bitcoin's price climbed back above 83K.
What will be the next steps? Perhaps, it is a little bit difficult to predict because after initiation of tariff increases with a lot of countries there are reciprocal measures by those. And all this bring to today's situation. Maybe, after a time other events will lead to comeback of initial status-quo in tariff deals. Because the short-term measures to make a money in a hurry finally can lead to have more losses than earned ones. Maybe, who knows? But such a scenario is more than realistic.
Good luck!😎👍