DeFiRaza
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Trump’s Late-Night Tariff Surprise Sends Shockwaves Worldwide
Just before midnight, Donald Trump jumped on social media with big news: new tariffs are coming, and he claims they’ll bring a flood of money into America. These import taxes make foreign products more expensive, aiming to protect U.S. industries. But often, it’s American shoppers — not foreign sellers — who end up paying more.
In a loud all-caps post, Trump warned that the only thing holding America back is a “radical left” court, which is deciding if he had the legal power to set these “reciprocal” tariffs.
The new rates hit differently for each country: 41% on imports from Syria, 10% on goods from the UK, and a combined 50% on Brazil (10% regular tariff plus a 40% penalty tied to ex-president Jair Bolsonaro’s legal issues). The European Union is spared from extra charges because of a past deal — so their goods, like cheese, will still face only a 15% rate.
Since the announcement, governments around the world have rushed to negotiate with Washington. Many fear the tariffs could scare away foreign investment and cost thousands of jobs.
Impact on Crypto
Markets are reacting fast — and crypto could come out on top. Higher import costs and rising inflation worries may push more investors toward #Bitcoin and other digital currencies as a safe haven. With growing global tensions, doubts about traditional money systems, and legal uncertainty in the U.S., more capital could flow into crypto. In uncertain times, people look for financial freedom — and crypto offers exactly that.
#Trump #Tariffs #Crypto #Economy #Trade
$BTC
$ETH
$XRP
Just before midnight, Donald Trump jumped on social media with big news: new tariffs are coming, and he claims they’ll bring a flood of money into America. These import taxes make foreign products more expensive, aiming to protect U.S. industries. But often, it’s American shoppers — not foreign sellers — who end up paying more.
In a loud all-caps post, Trump warned that the only thing holding America back is a “radical left” court, which is deciding if he had the legal power to set these “reciprocal” tariffs.
The new rates hit differently for each country: 41% on imports from Syria, 10% on goods from the UK, and a combined 50% on Brazil (10% regular tariff plus a 40% penalty tied to ex-president Jair Bolsonaro’s legal issues). The European Union is spared from extra charges because of a past deal — so their goods, like cheese, will still face only a 15% rate.
Since the announcement, governments around the world have rushed to negotiate with Washington. Many fear the tariffs could scare away foreign investment and cost thousands of jobs.
Impact on Crypto
Markets are reacting fast — and crypto could come out on top. Higher import costs and rising inflation worries may push more investors toward #Bitcoin and other digital currencies as a safe haven. With growing global tensions, doubts about traditional money systems, and legal uncertainty in the U.S., more capital could flow into crypto. In uncertain times, people look for financial freedom — and crypto offers exactly that.
#Trump #Tariffs #Crypto #Economy #Trade
$BTC
$ETH
$XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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