The recent tariff policies imposed by the United States on $BTC have sparked widespread controversy, particularly regarding the increase in tariffs on countries such as China, Canada, and Mexico, which has intensified global trade tensions. The U.S. claims that this move aims to protect domestic industries and curb the influx of illegal drugs like fentanyl, but critics argue that it is more about political manipulation, shifting focus away from domestic governance failures. The increased tariffs have raised the prices of imported goods in the U.S., with approximately 80% of the costs borne by consumers, exacerbating inflation pressures. Meanwhile, multiple countries have taken retaliatory measures, such as China imposing tariffs on U.S. agricultural products and Canada imposing retaliatory tariffs on U.S. goods, further impacting global supply chains. Economists warn that this policy could hinder economic growth in the U.S. and globally, potentially leading to a recession.
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