📢 America is about to see a flood of money pouring in thanks to a fresh wave of tariffs. But while these import taxes are intended to level the playing field by making foreign goods pricier, they’re often absorbed by U.S. consumers rather than foreign exporters.
📢 Trump, in an all-caps post, warned that the only obstacle to America's continued rise is a "radical left" judiciary—referring to an appeals court currently weighing whether he had the legal right to enforce these so-called “reciprocal” tariffs.
📢 The newly announced tariff rates vary widely—from a steep 41% on imports from Syria to a 10% hit for UK goods—and will be layered on top of standard U.S. import duties. For instance, Brazil will now face a total 50% rate: 10% under the reciprocal system plus a sharp 40% executive penalty linked to former President Jair Bolsonaro’s legal troubles.
📢 One notable exception is the European Union. Thanks to a prior agreement, its 15% baseline rate absorbs previous tariffs. That means EU imports like cheese will be taxed at 15% total—not stacked up to nearly 30% like others.
📢 Since last Thursday’s surprise announcement, countries across the globe have been scrambling to negotiate deals and avoid what many fear could trigger a pullback in foreign investment and widespread job losses.
💲What It Means for #Crypto
📢 Trump’s surprise tariff hike is stirring global markets — and crypto could be a big winner. As import costs rise and inflation fears grow, investors may flock to #Bitcoin and other digital assets as a hedge. Rising geopolitical tensions, shaken trust in fiat systems, and legal uncertainty in the U.S. could drive even more capital into crypto. In times of chaos, smart money looks for freedom — and crypto delivers