Binance Academy
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How can tariffs affect cryptocurrency markets?
Key takeaways
Tariffs are taxes imposed by governments on imported goods. The idea is to make foreign products more expensive so that domestic companies can compete better.
In the short term, tariffs often create uncertainty and market volatility. Depending on how they are announced and implemented, investors may exit riskier assets such as stocks and cryptocurrencies, leading to price declines.
Tariffs are taxes imposed by governments on imported goods. The idea is to make foreign products more expensive so that domestic companies can compete better.
In the short term, tariffs often create uncertainty and market volatility. Depending on how they are announced and implemented, investors may exit riskier assets such as stocks and cryptocurrencies, leading to price declines.
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