• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Possible Trade Conflict: Effects of Trump's Decisions

user avatar

by Giorgi Kostiuk

a year ago

A closer look at Donald Trump’s proposed tariffs and their potential consequences for the global economy.

New Tariffs and Their Impact

Donald Trump announced plans for a 25% tariff on goods from Canada and Mexico and 10% on Chinese imports. These countries are the largest trading partners of the U.S., with imports totaling over $1.2 trillion in 2023. Economists warn such tariffs may drive inflation and interest rates up, leading to higher consumer prices.

Tariffs are paid by importers, not the countries that export the goods.

Impact on Currency Markets

Trump's aggressive trade policies have already affected currency markets. On Thursday, the USD/JPY pair dropped, with the Japanese yen strengthening by 2% against a weaker dollar. This indicates a move towards safe haven assets and a long-term bearish trend for the dollar.

Reaction of the U.S. Federal Reserve

The U.S. Federal Reserve's minutes confirmed that inflation is moving towards the 2% target. Plans to lower interest rates are aimed at supporting economic growth and labor market recovery.

Trump's initiatives could significantly impact the global economy and currency markets, necessitating close monitoring of the administration's next steps.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kevin O'Leary Shifts Investment Focus to Electricity Infrastructure

chest

Kevin O'Leary shifts his investment strategy to prioritize electricity infrastructure over Bitcoin, emphasizing energy efficiency and sustainable sources for cryptocurrency mining.

user avatarKaterina Papadopoulou

ETHZilla Acquires Aircraft Engines for $122 Million Amid Crypto Downturn

chest

ETHZilla has announced the acquisition of two CFM567B24 aircraft engines for $122 million through its subsidiary, ETHZilla Aerospace LLC, as part of a strategy to diversify assets during the ongoing downturn in the cryptocurrency market.

user avatarMaya Lundqvist

Historical Patterns Reinforce Trust in Polymarket Predictions

chest

Historical events on Polymarket have established a legacy that influences current market trust in its predictions.

user avatarLeo van der Veen

Greenland Protests Against Sale Amid Rising Global Tensions

chest

Protests in Greenland highlight local resistance to the idea of selling the territory amid escalating geopolitical tensions.

user avatarLi Weicheng

Bitcoin Missing From Government Storage

chest

The Gwangju District Prosecutors Office reported that confiscated Bitcoin is no longer accessible, leading to significant financial losses.

user avatarAisha Farooq

Supreme Court Reviews Trump's Attempt to Dismiss Fed Board Member

chest

The Supreme Court is reviewing President Trump's attempt to dismiss Federal Reserve Board member Lisa Cook, raising questions about presidential authority and the board's independence.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.