$#TrumpTariffs Here’s the latest on #TrumpTariffs and how they intersect with Binance and the crypto markets:
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📊 U.S. Tariffs Under Trump (Spring–Summer 2025)
**"Liberation Day" Tariffs**: Started April 2, 2025, imposing 10–50% tariffs on a wide range of imports—including up to 145% on Chinese goods, and 25–50% on staples like steel and aluminum .
Legal Developments: A U.S. court struck them down in May as exceeding presidential emergency powers, though many remain in effect pending appeal .
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📉 Crypto Market Reaction
Short-Term Shock: Major drops followed tariff announcements—Bitcoin fell ~15% from $88.5K to $74.5K; another slide from ~$105K to ~$92K triggered over $1B in liquidations .
Altcoins Hit Hard: High-risk tokens (meme & AI coins) fell by more than 50%, while Binance Coin ($BNB) was more resilient with <10% decline .
Mining Costs Up: Tariffs on Chinese mining rigs and steel increased costs for miners, boosting domestic hardware demand but squeezing margins .
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🔄 Recovery, Pause, & Medium-Term Trends
Tariff Pauses: A 90-day truce in early June and talks on China/EU eased tensions, helping Bitcoin rebound to ~$115K‑$120K before consolidating .
Macro Hedge Opportunity: Dollar weakness and looming Fed rate cuts helped both crypto and gold regain footing .
🏦 Binance’s Perspective & Strategy
Heightened Activity & Volatility: Binance noted spikes in trading volumes, especially derivatives, amid macro uncertainty—and implemented fee adjustments to support traders .
Evolving Crypto Narrative: Binance is promoting crypto as a portfolio hedge, expanding interest in Real‑World Asset tokens and stablecoins .
Regulatory Tailwinds:
Under a Trump-led SEC, enforcement eased. Binance’s case saw a 60-day pause in litigation .
CEO Richard Teng links this shift to Trump’s more crypto‑friendly agenda and regulatory clarity .
Binance is now providing policy advice, assisting governments on crypto regulation and national bitcoin reserves .
