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#US President #DonaldTrump announced 10 percent general customs duties as well as mutual customs duties for some major economies. China was hit with a 34 percent customs duty and the EU with a 20 percent customs duty. The decision shook all markets, while Bitcoin and altcoins also fell.
US President Donald Trump announced the customs duties that the markets were eagerly waiting for. Trump announced that a general customs duty of 10 percent would be applied to all. In addition, additional customs duties were imposed on many countries.
Accordingly, the US will apply a 34 percent customs duty to China, 20 percent to the European Union, 24 percent to Japan, 26 percent to South Korea, 25 percent to South Korea, and 10 percent to the United Kingdom and Türkiye.
At the press conference that lasted about an hour, Trump announced that a general customs duty of 10 percent would be applied. With this statement, markets were relieved and upward movements were seen in cryptocurrencies, especially Bitcoin. In the later minutes of the meeting, the markets were telling about the surprises of mutual customs speeds. rates in units were much higher than expected for many countries.
According to a document produced by the White House, the highest customs duty rate of 50 percent is applied to Saint Pierre and Miquelon and Lesotho.
Bitcoin and other cryptocurrencies fell after the customs duty announcement. Bitcoin, which was traded above $88,000, fell to $84,000. Ether, which was approaching $2,000, returned to the 1,800 level.
#TrumpTariffs #WhaleMovements #Saylor500KClub