#TrumpTariffs

Trump is trying every now and then to come up with an idea that makes us feel like he is achieving a historic accomplishment. Now he has decided again to impose higher tariffs on countries that impose taxes on American exports. This means entering a new trade war as if we didn't have enough tension in the global economy.

At the same time, he is saying that Congress will approve the largest tax reduction bill in American history, describing it as a "rocket" that will explode growth. These tax cuts look great on paper; they will increase corporate profits and give the market a short-term boost, but the problem is when you combine them with protectionist policies and tariffs, it creates a terrifying uncertainty for international investors.

This means we might see increases in the American stock market in the short term due to industrial optimism, but in the medium and long term, the trade war will cause headaches in supply chains, increase production costs, and along with that, inflation rates will rise.

As for cryptocurrencies, any state of concern or economic chaos makes people flee to Bitcoin and others as a hedge against inflation and a loss of confidence in traditional monetary policies. But at the same time, if the market crashes, liquidity will decline, and there will be a downturn even in crypto.

What Trump is doing is not a growth rocket; it’s a rocket that could explode the global economy. Stay aware of the risks and prepare your plans for all scenarios.

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