President Trump confirms a 55% tariff on Chinese imports, doubling down on steel and aluminum (now 50%), while a US–China trade truce framework emerges—sending ripples through crypto and equities.
📊 Market & Crypto Highlights
Crypto Calm in Storm: Post-tariff shockwaves saw Bitcoin dip to ~$106–107K, but stabilize above $100K support. BNB held stronger (<10% drop) as traders flocked to reduce fees amid volatility.
Macro Drivers: Inflation eased to 2.4% YoY in May, tempering direct tariff pressure — though analysts warn inventories may mask later price hikes.
Gold & Metals: With safe-haven flows, gold crept up ~0.3%. Anticipation of broader copper tariffs may disrupt global metals markets.
🔁 Trade Truce Details
A London framework outlines that the US lifts some export controls/visa restrictions, China supplies rare earths—but tariffs won’t be rolled back, locked at 55%.
Meanwhile, an appeals court has allowed Trump’s sweeping tariffs to remain enforced during legal review, prolonging global trade uncertainty.
⚠️ Broader Ripples
Consumer pinch: 50% metal tariffs are projected to increase canned goods prices by up to 15%—hitting low‑income households hardest.
Small businesses squeezed: Ongoing tariff volatility has led to layoffs, delayed innovation, and supply disruptions in many US SMEs.
✏️ Binance Square Post Draft
🗣️ What should go on Binance Square:
#TrumpTariffs 🔥 President Trump today unveiled a 55% tariff on Chinese imports and reaffirmed 50% steel/aluminum duties—while a tentative truce with China promises rare‑earth trade but no relief on tariffs.
🔍 Crypto insight:
• BTC tested ~$106K but holds above key support near $100K
• BNB dropped <10%—a refuge as traders hedge volatile gas and fees
📈 Macro backdrop:
• May CPI cooled to 2.4% YoY, easing inflation fears — but tariffs may still drive future consumer price spikes
• Gold gained ~0.3%, copper markets jitter as new measures loom
⚠️ Broader impact:
• Canned food prices could surge ~15%, hurting low‑income households
• U.S. small businesses report supply chain strain and delayed innovation
💡 Key take: Tariff policy returns as a direct crypto macro catalyst. With global uncertainty growing, hedged assets like BTC, BNB and gold are back on traders’ radar.
