On Wednesday, June 4th, former U.S. President Donald Trump$XRP
trump $TRUMP will double tariffs on steel and aluminum. The current 25% tariff will increase to 50%. Trump says this decision will help restart America's metal industries and create more jobs in the country.
> “It’s a massive win for American jobs,” Trump said, repeating his slogan, “Make America Great Again!”
Why This Matters:
Higher tariffs mean it will cost more to import steel and aluminum from other countries. This could encourage American companies to buy more local metal, which might boost U.S. factories and jobs.
Market Reactions:
Metal company stocks may rise as investors expect higher profits.
Tariff-sensitive tokens in the crypto market could also show big price movements.
$TRUMP token, linked with national policy buzz, may gain momentum.
What Traders Should Know:
This news could cause big price changes. Traders who follow political trends might find good opportunities in the coming days. As always, timing and research are key.
Pro Tip:
Narratives can move markets fast. Staying ahead of the trend give
s smart traders an edge.