The Trump administration unexpectedly imposed new tariffs on numerous countries, from New Zealand, South Korea to Vietnam and Canada, with tariffs ranging from 15% to 40%. This could be a sign of a new wave of trade protectionism.
📌 List of some countries facing high tariffs:
Vietnam, Taiwan, Sri Lanka: 20%
Myanmar, Laos: 40%
Canada: 35%
Switzerland: 39%
Indonesia, Cambodia: 19%
South Korea, New Zealand, Turkey, Israel: 15%
📉 Economic impact:
Causes a fracture in global trade, increasing risks.
Disrupts supply chains, leading to volatility in the stock market.
Significant impact on developing economies and Asian partners.
📉 Impact on Bitcoin:
Risk-off sentiment is rising sharply, investors are pulling out of risky assets like crypto.
USD appreciates, putting downward pressure on BTC.
Institutional capital is tightening, reducing liquidity in the crypto market.
❓Election strategy or policy turning point?
This move may be aimed at consolidating position ahead of elections or marking a new phase in U.S. foreign economic policy. The market is waiting for clearer signals. #BTC #USDT #CRYPTO