#TrumpTariffs

According to Jinshi Data, President Trump announced plans to impose additional tariffs on countries that tax US exports. He also stated that Congress is close to approving the largest tax cut legislation in US history, calling it a "rocket" for the US economy. The combination of tax cuts and new trade measures could lead to stronger domestic growth and investor confidence—but may also introduce global trade uncertainty and inflation risks.

Trump’s tariffs, such as those imposed in 2025 (for example, 25% for Canada and Mexico, 10-50% for China), triggered short-term volatility in the crypto markets, including Bitcoin, due to economic uncertainty and risk-off sentiment. BTC prices temporarily fell from $110,000 to $74,500-$83,000 due to inflation concerns and potential recession. However, a tariff pause (for example, a 90-day delay) triggered a price recovery, with BTC rebounding to ~$83,000. In the long term, tariffs could weaken the dominance of the US dollar, increasing the appeal of BTC as "digital gold" and a hedge against economic instability.