#TrumpTariffs Here is the latest about #TrumpTariffs and how they interact with Binance and the crypto market:
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📊 US Tariffs Under Trump (Spring–Summer 2025)
**"Liberation Day" Tariffs**: Starting April 2, 2025, imposing tariffs of 10–50% on various imports—including up to 145% on Chinese goods, and 25–50% on essential goods like steel and aluminum.
Legal Developments: A US court struck down these tariffs in May for exceeding presidential emergency powers, although many remain in effect pending appeal.
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📉 Crypto Market Reaction
Short-Term Shock: A significant decline followed the tariff announcement—Bitcoin dropped ~15% from $88.5K to $74.5K; another drop from ~$105K to ~$92K triggered over $1B in liquidations.
Altcoins Hit Hard: High-risk tokens (meme coins & AI) fell more than 50%, while Binance Coin ($BNB) was more resilient with a decline.
Mining Costs Rise: Tariffs on Chinese mining rigs and steel increased costs for miners, boosting demand for domestic hardware but narrowing margins.
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🔄 Recovery, Delays, & Mid-Term Trends
Tariff Delays: A 90-day truce in early June and talks about China/EU eased tensions, helping Bitcoin rebound to ~$115K‑$120K before consolidation.
Macro Hedge Opportunities: Dollar weakness and upcoming Fed rate cuts help both crypto and gold regain footing.
🏦 Binance's Perspective & Strategy
Increased Activity & Volatility: Binance recorded a surge in trading volume, especially derivatives, amid macro uncertainty—and implemented fee adjustments to support traders.
Evolving Crypto Narrative: Binance promotes crypto as a portfolio hedge, expanding interest in Real World Asset tokens and stablecoins.
Regulatory Headwinds:
Under Trump-led SEC, law enforcement was relaxed. The Binance case saw a 60-day delay in litigation.
