Trump Signals Lower Tariff on China: Crypto Market Eyes Major Rally
The crypto market is poised for a major rally as Donald Trump has signaled a potential lowering of tariffs on China.
Crypto Market to Surge Amid Trump’s Tariff Plans
According to a recent CNBC report, US President Donald Trump has hinted at lowering tariffs on China at some point in the future to secure a fair-trade deal. “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much,” cited Trump.
Possibly, this decision could spark a crypto market rally. A reduction in tariffs could ease inflationary pressures and interest rate hikes, potentially benefiting the crypto market. Given the historical patterns, Bitcoin and other cryptocurrencies might see significant benefits from such a tariff move.