#TrumpTaxCuts

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Trump's Tariff Reduction - Impact and XRP

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Trump announced on April 9 a temporary reduction of tariffs for 75 countries, maintaining a 10% base and up to 145% against China. This decision eases markets, but uncertainty persists.

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Markets: The Dow, Nasdaq, and S&P 500 rose ~2.5% after the announcement, but volatility continues due to tensions with China and a weak dollar. This boosts cryptocurrencies like XRP ($2.27, +7%).

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Economy:

Pros: Encourages trade agreements, generates $171.6B in revenue, and supports local manufacturing.

Cons: Reduces global growth (IMF: 2.8%), raises inflation (+0.7%), and will cost up to $7,600 per household.

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XRP and Crypto: The decline of the dollar and the $37.7M in flows to XRP ETPs reinforce its rally. ETFs (futures in the U.S., spot in Brazil) and a possible approval of a spot ETF (76% probability) could lead XRP to $3-$5, although tariffs add regulatory risk.

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Opinion: The tariff reduction is a tactical relief, but protectionism and inflation threaten recovery. XRP shines as a refuge against a weak dollar, but beware of pullbacks if the resistance at $2.36 does not hold. Keep an eye on the SEC and trade news!

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Will XRP rise or will tariffs slow down the market?