#TariffsPause

Hashtag #TariffsPause on the Binance Square platform refers to former US President Donald Trump's announcement of a temporary suspension of tariffs for 90 days, except for China, which has increased tariffs on its imports to 125%. 

Effects of the decision on the markets:

• Traditional markets: US financial markets experienced a notable increase, adding about $5.5 trillion to their market value.

• Cryptocurrencies: The price of Bitcoin rose above $83,000, reflecting an improvement in investor appetite for risk. 

Additional details:

• Base tariffs: A tariff rate of 10% on imports from most countries was maintained, with exceptions for certain goods such as pharmaceuticals and electronic chips.

• International reactions: Canada announced its readiness to eliminate tariffs if the United States does the same, indicating a potential improvement in trade relations between the two countries.  

Importance of the hashtag:

Hashtag #TariffsPause on Binance Square is used to discuss the impact of this decision on global markets, especially the cryptocurrency market, where it is viewed as a positive signal that could lead to temporary economic stability and an increase in investments. 

To see more posts and discussions on this topic, you can visit the hashtag page on Binance Square: #TariffsPause.