#TrumpTariffs 🚨Trump's Tariffs: Implications for Global Trade and the Crypto Market**
On June 4, 2025, President Donald Trump implemented a significant shift in U.S. trade policy by doubling tariffs on imported steel and aluminum from 25% to 50%. This move, justified under Section 232 of the Trade Expansion Act of 1962, aims to protect national security and bolster domestic industries.
🌐Global Economic Impact
The Organization for Economic Cooperation and Development (OECD) has downgraded its global economic growth forecast, citing the negative impact of these tariffs. Global GDP growth is now expected to decline from 3.3% in 2024 to 2.9% in 2025 and 2026. In the U.S., GDP growth is projected to slow to 1.6% in 2025, down from 2.8% in 2024. The OECD warns that higher tariffs may lead to increased consumer prices and decreased investment due to policy uncertainty.
💵Trade Relations and Retaliation
President Trump has set a deadline for countries to submit their best trade offers to avoid the implementation of "massive reciprocal tariffs" slated to begin on July 8. The U.S. has already increased tariffs on steel and aluminum imports to 50%, with exemptions for the UK under a recent trade deal. Preliminary trade agreements have been reached with China and the UK, though both await formal ratification.
🔸Legal Challenges❗
The tariffs have faced legal scrutiny. In the case of V.O.S. Selections, Inc. v. United States, a three-judge panel ruled that the president does not have the authority to use the International Emergency Economic Powers Act (IEEPA) to set tariffs in this manner. The administration has appealed this ruling, and the Federal Circuit Appeals Court has temporarily stayed the lower court's decision.
🔸Implications for the Crypto Market
The increased tariffs and resulting economic uncertainty have potential implications for the cryptocurrency market.
The crypto market is buzzing, and leading the charge are **Ethereum (ETH)** and the meme sensation **Pepe (PEPE)**! 🔹 Ethereum (ETH) — Currently at **\$2,617.90**
ETH has surged past the \$2,600 mark, reflecting a robust 3.1% increase. The momentum is fueled by significant inflows into spot Ether ETFs, which saw their highest weekly inflow of 2025 at $321 million. Additionally, exchange balances have dropped to 7-year lows, indicating strong long-term investor confidence.
### 🐸 Pepe (PEPE) — Currently at \$0.00001263**0;
PEPE is making waves with an 8.6% jump in the last 24 hours, accompanied by a trading volume of \$1.15 billion. Analysts are eyeing a potential breakout towards \$0.00005, nearly a 4x increase from current levels.
**Coin:** Hyperliquid (HYPE) **Current Price:** \~\$39.91 **Market Cap:** \~\$11.5B **YTD Return:** +57% **Exchanges:** KuCoin, Gate.io, Bitget, CoinEx **Why HYPE?** Hyperliquid is gaining traction as a decentralized perpetual exchange built on its own Layer 1 blockchain, HyperEVM. This infrastructure offers sub-second finality and eliminates MEV issues, setting it apart from competitors like dYdX and GMX. 
* Increasing adoption due to its unique Layer 1 solution * Positive market sentiment towards decentralized exchanges
📈 **Trading Strategy:** Monitor for a breakout above the \$39.91 resistance. A sustained move could signal a rally towards the \$50 mark. Ensure to set stop-loss orders to manage risk.
⚠️ **Disclaimer:** This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to high market risks. Always conduct your own research and consult with a financial advisor before making investment decisions.