Trump's Reciprocal Tariffs: Impact on Crypto?
Trump just announced reciprocal tariffs on countries. Is this good for crypto?
Trump's move to announce half the tariffs of opposing countries brings a bit of stability to the market, with everything moving in a similar direction for now. But things could turn negative for crypto if other countries retaliate with higher tariffs. For example, Mexico recently stated it will double its tariffs in response to the U.S., while Canada offered to remove tariffs on America if they reciprocate, but the U.S. has not taken action.
Though there's a risk, things look positive for the market overall. Crypto might see a bullish run once this matter settles down.
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