#TrumpTariffs #ضروف_حمراء
Trump decided to violently revive the "America First" theory,
Trump decided to violently revive the "America First" theory, imposing a 10% tariff on all countries, and in some cases, it reached 50%!
This means that for every country that exports cheaper products to America, higher fees are imposed on them.
Why did Trump do this?
• He is trying to bring back factories and provide jobs for Americans.
• He wants to present himself to the public as strong and protecting the economy.
• He wants to pressure countries to get better trade deals.
What is the impact of this on the cryptocurrency market?
• First of all, this market is very sensitive to any economic tension. If a global recession occurs, people might flee from traditional markets to Bitcoin as a safe haven.
• If inflation increases in America, the Fed may raise interest rates, and at that time, there will be negative pressure on cryptocurrencies.
• Also, global supply chain tensions may affect mining companies, as most devices are assembled in China and then sent to America.
• Finally, when countries start to fight commercially, people lose trust in the global financial system, which might strengthen the idea that cryptocurrencies are the future alternative.
This decision is a double-edged sword for cryptocurrencies: it could either open a new door for them or increase the pressures on them.
