In a significant move where politics intersects with economics, billionaire investor and Trump ally, Bill Ackman, has called for a freeze on U.S. tariffs for 90 days, amid severe turmoil affecting financial markets and the cryptocurrency sector. Bitcoin has seen a sharp drop to $77,300, while Ethereum recorded a 14% decline, amidst panic among investors following Trump's recent announcement of a new comprehensive tariff package.
This call comes at a sensitive time, as some believe that a temporary tariff easing could restore some stability to markets experiencing sharp fluctuations. Analysts point out that while these tariffs aim to protect the U.S. economy, they create ripple effects that impact global liquidity and alternative asset markets such as cryptocurrencies.
✳️ Could this step be the beginning of a comprehensive review of trade policies?
✳️ Or is it merely a temporary calm in wait for the bigger storm?
For now, global capitals are racing to translate Trump's decisions into numbers and forecasts, while markets are awaiting every word from his major allies. It seems we are at a pivotal moment in the global economic equation.
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