🇺🇸💥 Trump Tariffs: What are they and how do they affect your cryptocurrency investments? 💸💎
During Donald Trump's presidency, tariffs were implemented on imported products mainly from China, but also from other important trading partners like Mexico and the European Union. The idea was to protect local industries in the United States and reduce the trade deficit, but the impact was much deeper and global. 🌍⚖️
The prices of many imported products rose, increasing the cost of living for American consumers. A trade war erupted, with retaliations and counter-tariffs affecting multiple sectors. Global supply chains were disrupted, impacting manufacturers and businesses around the world. Economic uncertainty led to sharp movements in financial markets and in the cryptocurrency market. 📊⚡
Cryptocurrencies are not isolated from the global economic context. When trade and political tensions rise, investors seek refuge in assets like Bitcoin and Ethereum, considered “digital gold.” But there is also more volatility, which can mean opportunities or risks depending on how you manage your investment. Moreover, changes in the global economy can influence the adoption and regulation of cryptocurrencies, affecting their price and stability. 🌐🔒