#TrumpTariffs #ضروف_حمراء $TRUMP $TRUMP #TRUMP
Trump decided to violently reinstate the 'America First' theory,
Trump decided to violently reinstate 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 tariffs will be imposed.
Why did Trump do this?
• He is trying to bring factories back and provide jobs for Americans.
• He presents himself to the people as strong and protecting the economy.
• He wants to pressure countries to obtain 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 rises in America, the Federal Reserve might raise interest rates, which would put negative pressure on cryptocurrencies.
• Additionally, global supply chain tensions could affect mining companies, as most devices are assembled in China and sent to America.
• Finally, when countries start to have trade conflicts, people lose confidence in the global financial system, which could reinforce 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.
