#CircleIPO Trump's Announcement on Tariffs Triggers Market Reaction 👌🇱🇷⚡️
The announcement by U.S. President Donald Trump of a comprehensive tariff rate of 10% has sparked shocks in the market, but not entirely negatively. Although it is 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 experienced a stunning rapid increase of more than $1,500. Spot gold initially fell but later recovered, indicating initial market uncertainty. Nasdaq futures rose by more than 2% in after-hours trading.⌚️
Trump's tariff announcement is part of his efforts to address the national emergency posed by illegal immigrants, including fentanyl, which enter the U.S. 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 tariffs of 25% on all products from Mexico and Canada, and an additional 10% on goods from China. However, the announced tariff rate was lower than expected, which may have contributed to the positive market reaction.👌✅️