#BSCProjectSpotlight

Trump's announcement of tariffs sparks market reaction 👌🇱🇷⚡️

The announcement by U.S. President Donald Trump of a comprehensive tariff rate of 10% has triggered shocks in the market, but not entirely negatively. Although it was lower than expected, this move may have triggered an increase in risk assets.

The U.S. Dollar Index (DXY) was affected, dropping by 50 points in the short term. Meanwhile, Bitcoin saw an astonishing quick increase of over $1,500. Spot gold initially declined but later recovered, reflecting initial market uncertainty. Nasdaq futures rose by more than 2% in after-hours trading.⌚️

Trump's announcement on tariffs is part of his efforts to address the national emergency posed by illegal immigrants, including fentanyl, which enters the United States from Canada, Mexico, and China. The tariffs aim to hold these countries accountable for stopping illegal immigration and halting the flow. ✅️

It is worth noting that Trump had previously threatened to impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. However, the announced tariff rate was lower than expected, which may have contributed to the positive market reaction.👌✅️