#TrumpTariffs

Customs duties are back in the spotlight with Donald Trump's statements about imposing new tariffs on imports if he returns to the presidency. This move will directly affect financial markets and currency prices, especially the US dollar and the Chinese yuan. Digital currencies are viewed as an alternative refuge during economic and trade tensions. An increase in customs duties means more inflation and fears of a global economic recession, which may drive investors to turn to Bitcoin and others as a hedge.

Traders on the Binance platform should prepare for expected volatility, especially if official statements are released or actual decisions regarding #TrumpTariffs are implemented.