Binance Academy
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How can tariffs influence cryptocurrency markets?
Key points to remember
Tariffs are taxes that governments impose on imported products. The idea is to make foreign products more expensive so that local businesses can be more competitive.
In the short term, tariffs often create uncertainty and volatility in the market. Depending on how they are announced and implemented, investors may disengage from riskier assets like stocks and cryptocurrencies, leading to price declines.
Tariffs are taxes that governments impose on imported products. The idea is to make foreign products more expensive so that local businesses can be more competitive.
In the short term, tariffs often create uncertainty and volatility in the market. Depending on how they are announced and implemented, investors may disengage from riskier assets like stocks and cryptocurrencies, leading to price declines.
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