#TrumpTariffs

🔥 Update: What Crypto Traders Should Know 🔥

Recent U.S. tariff moves, dubbed “Liberation Day” tariffs, continue to reverberate across markets. President Trump has extended Section 232 steel and aluminum duties to 50%, effective June 4, and announced additional 55% tariffs on Chinese goods while reducing China’s duties to 10% . An appeals court has allowed this tariff regime to remain in place through at least July 31 .

📊 Market impact: The latest U.S. CPI reading held steady at 2.4% in May, providing some relief, but inflation remains sticky . Tech, metals and consumer goods sectors face higher input costs; industry analysts warn PC and smartphone prices may rise .

💰 Crypto connections: Persistent tariff uncertainty is weighing on risk assets. Bitcoin briefly slipped below recent highs on tariff-driven jitters, with analysts warning ongoing uncertainty could trap BTC price action for another two months . However, cooling CPI and hopes for easing tensions have spurred a rebound, sending BTC toward US $109K .

📉 Key BTC levels: Watch for pullbacks near $105K–$108K if tariffs escalate, but a firm recovery above $110K–$115K may follow global trade relief.

For Binance users: stay alert to macro headlines. Geopolitical policy shifts are crucial drivers of crypto volatility.