#TariffsPause
This Wednesday, President Trump raised tariffs on Chinese products from 10% to 104%. Tariffs are taxes on goods imported from another country, and higher tariffs make it more expensive for American businesses to import products from China. This leads to higher prices for consumers and puts pressure on small businesses. The impact extended to the crypto market, where the tariff increase caused significant losses. Cryptocurrencies like Bitcoin saw a steep decline as investor sentiment worsened, and many turned to safer assets. However, there has been a possible rebound, with the market showing signs of recovery. While uncertainty remains, there is hope that the crypto market could stabilize and rise once again. #TariffsPause