๐ข Policy Shake-Up: Trump Tariffs + Historic Tax Cuts
President Trump has announced a sweeping set of new tariffs on countries that tax U.S. exports, while also pushing what he calls the largest tax cut bill in U.S. historyโa move he says will act as a โrocketโ for the U.S. economy.
๐ But while the policies aim to boost domestic growth and investor confidence, they come with trade-offs.
๐ The OECD has cut its global growth forecast, citing these trade measures:
๐ Global GDP outlook drops from 3.3% (2024) โก๏ธ 2.9% (2025โ26)
๐บ๐ธ U.S. growth forecast revised to just 1.6% in 2025
๐งจ Critics argue the combo of aggressive tax cuts + trade barriers may:
Raise inflation risks
Pressure the global supply chain
Increase policy uncertainty and reduce investment
๐จ Even Elon Musk weighed in, calling the plan a โdisgusting abominationโ that worsens the U.S. deficit, projected to hit $2.5 trillion.
๐ฌ How will this impact crypto markets?
Will risk assets surge on tax cuts and liquidity?
Or will global volatility fuel demand for digital hedges like BTC?
Drop your thoughts below โฌ๏ธ
#TrumpTariffs #TrumpTariffs #GlobalEconomy #CryptocurrencyMarket #WriteToEarn