🇺🇸 Trump to Double Tariffs on Steel & Aluminum Imports🔥🔥🔥
📌According to BlockBeats, the White House has confirmed that U.S. President Donald Trump will sign an executive order today to double tariffs on steel and aluminum imports. The move raises existing tariffs to 50%, with the policy set to take effect tomorrow.
📈This sharp increase signals a renewed push toward protectionist trade policies and could escalate tensions with major exporting nations. Such tariffs often lead to higher costs for domestic manufacturers, potential inflationary pressure, and global market reactions.
🔷️Why It Matters for Crypto & Markets
Commodities and industrial sectors may experience volatility
Equity markets could react negatively to trade war fears
Investors might seek hedges like gold or crypto amid uncertainty
📎Markets will be watching closely for responses from trade partners and broader economic impacts. Stay alert — macro events like this often drive short-term shifts in sentiment.
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