U.S. President Donald Trump announced new tariffs of 15-20% on most trading partners, which could significantly affect the global economy and markets.
Trump's Tariffs on Trading Partners
President Trump announced plans to impose tariffs of 15% and 20% on most U.S. trading partners. This statement was made during an NBC interview, where Trump emphasized the need to address trade imbalance issues. These new tariffs aim to tackle economic concerns but may invite diverse responses from other countries, altering trade relationships.
Cryptocurrency Markets Under Economic Uncertainty
The Bitcoin market is showing strength, with a 4.17% increase over the past 24 hours, trading at $115,597.17. Its market capitalization stands at $2.30 trillion, which reflects price surges over the past 90 days, attributed to rising global economic uncertainties. Analysts note that similar situations, like the U.S.-China tariffs in 2018-19, often led to increased demand for Bitcoin and stablecoins due to trade tensions.
Financial Markets' Reaction to Tariff Announcement
Despite the uncertainties, the President stated, "We'll solve this problem now. I think these tariffs are welcomed," noting that stock markets hit new highs following his announcement. However, experts warn of possible retaliatory measures from other countries, which could lead to changes in the global economy.
The tariffs announced by Trump may significantly impact both domestic economic processes and international trade relations, creating a new wave of uncertainty in financial markets.
