The announcement by U.S. President Donald Trump regarding new tariffs on the United States' main trading partners, such as Canada, Mexico, and China, has raised widespread concern in global financial markets. These tariffs include a 25% duty on steel and aluminum imports from Canada and Mexico, and 10% on Chinese goods. These measures are expected to lead to price increases and reduced availability of goods for American consumers, potentially harming the U.S. and global economies.
In this context, Jinzi, a former researcher at Binance China, warned that these tariffs could pose the greatest macroeconomic risk in 2025, as they may lead to decreased income levels and reduced overall economic output.
Additionally, the cryptocurrency markets have been significantly affected by these developments. Cryptocurrencies experienced sharp declines in value following the announcement of the tariffs, with the small cryptocurrencies index dropping by 21%, marking its largest decline since May 2022.
These developments come amid warnings from economists that the new tariffs could increase costs for American consumers and raise inflation rates, which may lead to increased volatility in financial markets and negatively impact the global economy.
It is worth noting that these measures could escalate trade tensions between the United States and its main trading partners, which may have negative effects on the global economy.