President Donald Trump announced plans to impose additional tariffs on countries that tax U.S. exports, aimed at protecting the American economy and reducing the trade deficit. This move is part of his broader strategy to stimulate domestic production and strengthen the U.S. position in global trade. Tariffs, which could be implemented in the coming weeks, have elicited mixed reactions in the markets.
On the one hand, tariffs may promote the growth of American companies, such as Century Aluminum, by raising prices in the domestic market. However, they also create risks for global supply chains, as evidenced by the sharp decline in U.S. imports in April by 16.3%. This could lead to rising prices for consumers and increased inflationary pressure, contrary to investors' expectations of declining inflation.
Regarding cryptocurrencies, opinions are divided. Some analysts, such as Agne Linge, believe that Trump's trade war may cause volatility in the crypto markets due to economic instability. However, others, such as
@VoiceOfWeb3_
, see this as a bullish signal for Bitcoin and gold as safe-haven assets. Broader risk assets are likely to be under pressure due to uncertainty and potential trade wars, which could restrain market growth.
In our opinion, tariffs may cause short-term volatility, but the long-term effect will depend on negotiations with key partners, such as China. Without clear agreements, markets will remain under pressure.
