US President Donald Trump is back in action: from June 4, 2025, he doubled tariffs on steel and aluminum imports to 50%. This move is aimed at forcing trading partners, including the EU, Japan, India, and Vietnam, to submit their 'best offers' by July 8, or face even harsher tariffs.
The European Union, in response, suspended planned measures but warned of the possibility of imposing tariffs on American goods worth up to €95 billion if negotiations do not yield results by July 9. The EU also offered the US a 'zero for zero' — mutual elimination of tariffs on industrial goods, including cars.
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📉 Economic consequences: the global economy under pressure
OECD lowered the forecast for global growth for 2025 to 2.9%, citing the negative impact of trade barriers. The Bank of England warns that the rules-based global trading system has been 'shattered' due to Trump's unilateral tariff policies.
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🪙 Impact on the crypto market: new opportunities and risks
For the cryptocurrency market, the current situation presents both challenges and opportunities.
Growing interest in decentralized assets: Against the backdrop of trade conflicts and economic instability, investors may turn to cryptocurrencies as an alternative to traditional assets.
Increased volatility: Uncertainty in the global economy may lead to fluctuations in the crypto market, creating opportunities for traders but also increasing risks for investors.
Regulatory challenges: The intensification of trade conflicts may prompt governments to tighten regulation of financial markets, including cryptocurrencies, which could impact their accessibility and use.
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🔮 Conclusion: time for strategic decisions
The current situation requires participants in the crypto market to closely monitor global economic trends and be ready to adapt. While trade conflicts create challenges, they also open new opportunities for decentralized financial instruments. During this period of uncertainty, cryptocurrencies can serve both as a refuge for investors and a tool for portfolio diversification.
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