Trump vs $BTC

Donald Trump said he plans to set new taxes on goods coming into the U.S. from other countries. These tariffs will start at 15% and could go as high as 50%, depending on the country.

Trump wants to make trade more fair for the U.S. He said that over 150 countries will get letters telling them what their tariff rate will be. Smaller countries might get a lower rate, like 10%.

Some countries, like Japan, made deals with the U.S. to lower their tariffs. Others, like India, South Korea, and the European Union, are still trying to make deals before the new tariffs start.

Trump said he doesn’t want to spend too much time negotiating with every country. But if a country opens its markets to U.S. businesses, they might get a lower tariff.

Trump’s speech at an AI summit