Late at night, Donald Trump announced new import taxes, saying they’ll bring money into America. These tariffs make foreign goods cost more to protect U.S. industries — but Americans may end up paying higher prices.
The plan:
41% on Syrian imports
10% on UK goods
50% on Brazil (10% tariff + 40% penalty over Bolsonaro’s legal case)
EU goods unchanged at 15% due to a past deal
Global leaders are rushing to talk with Washington, fearing job losses and weaker investments.
Crypto Angle:
With import costs rising and inflation fears growing, investors may turn to Bitcoin and other cryptocurrencies as safer options in uncertain times.
