!TARIFFS OF DONALD TRUMP!: Is it a BLOW to global trade and the CRYPTO market?
The President of the United States, Donald Trump, has recently announced the imposition of tariffs of 25% on imports from Canada, Mexico, and China. This measure has generated trade tensions and provoked retaliatory responses from these countries.
In the cryptocurrency market, an immediate reaction has been observed. Bitcoin, the most prominent cryptocurrency, experienced a drop below $100,000, settling around $98,000. This decrease is attributed to the uncertainty generated by the new tariff policies and the potential repercussions on the global economy.
Analysts point out that protectionist measures often create uncertainty in financial markets. In this context, many investors may choose to liquidate their positions in cryptocurrencies to obtain liquidity in dollars, which would contribute to the widespread decline of the crypto market.
Additionally, the resumption of the trade war and strict immigration policies could increase global inflation, further affecting the stability of financial markets and, consequently, the value of cryptocurrencies.
In summary, the recent tariff decisions of the Trump administration are generating volatility in traditional financial markets and in the emerging cryptocurrency market, highlighting the interconnectedness between economic policies and the crypto world.
But, what do you think?
