Binance Academy
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How tariffs affect cryptocurrency markets
Key points
Tariffs are government taxes on imported goods. Tariffs raise the cost of foreign products so that local companies can compete better with them.
In the short term, tariffs often create uncertainty and volatility in the market. Depending on how they are announced and implemented, investors may exit risky assets, such as stocks and cryptocurrencies, leading to price declines.
Tariffs are government taxes on imported goods. Tariffs raise the cost of foreign products so that local companies can compete better with them.
In the short term, tariffs often create uncertainty and volatility in the market. Depending on how they are announced and implemented, investors may exit risky assets, such as stocks and cryptocurrencies, leading to price declines.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
