📊🇺🇸 #TrumpTariffs: Are we on the brink of a new trade protectionism cycle?
As the chances of Donald Trump returning to the White House rise, tariff policies are back at the forefront of economic discussions. Trump hints at imposing tariffs of up to 60% on Chinese imports, along with a blanket 10% tariff on all countries as part of a plan dubbed "Global Tariffs."
🔍 Expected impact on markets:
1. Goods and stocks:
The rise in costs of imported goods may bring inflation back to the forefront.
Manufacturing companies may benefit, while companies reliant on foreign supply chains will be harmed.
2. The dollar and currencies:
The dollar may see a wave of demand due to protectionist trends, but trade tensions could affect long-term stability.
3. Digital currencies:
In an environment leaning towards protectionism and trade contraction, the appeal of assets unlinked to the traditional financial system, such as Bitcoin, increases.
Investors may view digital currencies as a hedge against aggressive trade policies.
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