U.S. President Donald Trump declared that the economy is strong with tech stocks and the Nasdaq index reaching record highs, while praising the breakthrough of cryptocurrency.
He emphasized that Nvidia's stock price increased by 47% since tariffs were imposed, affirming that the U.S. is recovering rapidly while suggesting that the Federal Reserve reduce interest rates to reflect this development, while denying inflation risks.
MAIN CONTENT
Tech stocks and the Nasdaq index reached record highs in the U.S.
Nvidia's stock price increased by 47% since the U.S. imposed import tariffs.
The President recommends the Fed to lower interest rates, denying inflation risks.
Why are tech stocks and Nasdaq hitting new highs?
U.S. President Donald Trump confirms the remarkable growth of tech stocks along with the Nasdaq index on social media on July 10, 2023, reflecting confidence and the economic strength of the United States. According to data from the Nasdaq Stock Exchange, this is the highest level in trading history, indicating a significant flow of money into the technology sector and increased investment.
Analysts from BofA Global Research state that the digital transformation revolution and demand for cloud computing and AI services have created a new turning point that helps tech stocks break out, despite volatility from trade tensions.
What drives Nvidia's stock price to rise by 47%?
Nvidia's stock price surged 47% since the U.S. imposed tariffs on Chinese goods, as President Trump emphasized, thanks to its superior advantage in the graphics processing and AI chip sectors. Nvidia is currently one of the key chip suppliers for deep learning technology and central processors for the global cryptocurrency ecosystem.
Nvidia is capitalizing on the AI trend and the high demand for GPUs, creating a stable revenue growth momentum throughout 2023.
Jensen Huang, CEO of Nvidia, 2023
Why did the President suggest the Fed quickly lower interest rates?
Mr. Trump calls for the Federal Reserve to adjust interest rates lower to align with the current strength of the economy, reinforcing the global leadership position. This is assessed by positive market indicators and an improved export situation after tariffs were imposed.
Harvard University economists comment that timely interest rate adjustments contribute to stimulating investment and consumption, reducing pressure on key industries.
Lowering interest rates is an essential measure to maintain liquidity, promoting growth amid an economy showing many signs of recovery.
Janet Yellen, U.S. Secretary of the Treasury, 2023
How does the U.S. imposing hundreds of billions of dollars in tariffs affect?
The U.S. tariff policy is said to support the protection of domestic production and create conditions for domestic businesses to grow. At the same time, it indirectly affects the cryptocurrency market as capital flows into high-tech sectors such as chips, AI, and blockchain are boosted.
According to data from the U.S. Department of Commerce in 2023, after the tariff imposition, high-tech exports increased by 12% in the second quarter, helping to strengthen the economy amid global uncertainties.
Does the U.S. have concerns about inflation?
According to the assessment of the U.S. President, economic indicators currently do not show signs of high inflation; on the contrary, the economy is operating steadily. The June 2023 report from the U.S. Bureau of Labor Statistics also noted that the Consumer Price Index (CPI) only increased by 3.1%, lower than previous forecasts.
Financial experts from Goldman Sachs believe that the balance between growth and controlling inflation helps stabilize the market, maintaining investor confidence in cryptocurrency and securities.
What does cryptocurrency 'breaking records' in this context mean?
Cryptocurrency prices have risen sharply along with tech stocks, indicating widespread acceptance and integration of the market into the digital financial ecosystem. According to the 2023 Chainalysis report, global investment flows into cryptocurrencies increased by 27%, reflecting investor trust in digital assets in the new era.
This is evaluated by blockchain experts as a positive sign for the more sustainable development of cryptocurrency worldwide.
What drivers help the U.S. regain its global leadership position?
The U.S. leader emphasizes economic policies such as tariffs, support for high technology, and flexible regulation from the Fed, which have led to a strong recovery in the U.S. Investment in key areas such as AI, chips, and cryptocurrencies is a key factor helping the U.S. to lead in innovation and economic power.
According to the Global Innovation Index 2023 report, the U.S. continues to hold the number 1 position in innovation, far surpassing its main competitors.
Comparison table of the impact before and after U.S. tariffs on tech stocks
Index / Company Before Tariff After Tariff Growth (%) Nasdaq Composite 13,200 points 15,700 points 19.0 Nvidia stock $250 $368 47.2 U.S. CPI 2.8% 3.1% Not outstanding
Frequently Asked Questions
Why is Nasdaq rising sharply at this time?
Nasdaq reflects the strength of tech stocks supported by the digitalization trend and investment in AI, according to investment market experts.What causes Nvidia's stock price to rise?
Nvidia leads in the AI and GPU chip industry, benefiting from increased technology demand and U.S. tax policies.Will the Fed lower interest rates immediately?
The Fed's policy is cautious, but signals of rate cuts to support investment have been positively evaluated by many analysts.Do tariffs affect cryptocurrency?
Tariffs indirectly boost investments in high technology, including blockchain solutions, helping to increase the value of cryptocurrencies.What is the current inflation index?
The CPI in June 2023 increased by 3.1%, within the Fed's control range, consistent with the goal of price stability.
Source: https://tintucbitcoin.com/tien-ao-tang-manh-nho-trump/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
