#TrumpTariffs
$500M Liquidations Overnight
Thanks Mr. Trump
Yesterday, Trump held a long-awaited conference to celebrate what he called "Liberation Day." In good news, Trumpimposed only a 10% tariff on all countries and 25% on auto imports. Hesaid:
🗣 "The tariffs will not be completely reciprocal. Because we are very kind." It's just his style.
This had a positive impact on
BTC and it even broke through $88,500.
⚠️ But not everything is so rosy. Trump nevertheless imposed duties on 25 countries and announced tariffs: 34% China, 24% Japan, 32% Taiwan, India 26%, EU 20% and many others.
🇨🇳 Thus, the US increases overall tariffs on Chinese goods to 54%. Even though it is their main trading partner.
🇨🇦🇲🇽 Canada and Mexico are lucky because they are currently released from mutual US tariffs.
🔽 Against this backdrop, BTC has seen a rare 7% drop, leading to liquidations that amount to over $500 million overnight.
🎞 As we said yesterday in the YouTube video , the trade war is just beginning and we will start to feel the real consequences in April. Be sure to check out our big April forecast to know what month awaits us.
