• 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

2 years 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

Arbitrum Security Council Takes Action to Correct Delegated Voting Power Discrepancy

chest

The Arbitrum Security Council has initiated a nonemergency governance action to correct a discrepancy in the Delegated Voting Power of the ARB token contract.

user avatarAisha Farooq

ethlimo's Q2 2026 Update Reveals Advancements in ENS Infrastructure

chest

ethlimo's Q2 2026 update highlights significant advancements in ENS infrastructure, showcasing its growing utility beyond crypto usernames.

user avatarTenzin Dorje

NEAR Governance Approves Removal of Developer Gas Rebates

chest

NEAR governance has voted to eliminate the 30 developer gas rebate program, redirecting all execution fees toward a protocol-level burn, expected to take effect in August 2026.

user avatarBayarjavkhlan Ganbaatar

Optimism Addresses Critical Vulnerability Before Production Exploitation

chest

Optimism disclosed a critical vulnerability in its preLagoon refund path, which was patched before exploitation on production chains.

user avatarMohamed Farouk

Dev3pack Program Reports Significant Developer Engagement

chest

The final report from the Dev3pack program highlights significant developer engagement and training outcomes.

user avatarElias Mukuru

Robinhood CEO's Account Hacked to Promote Fake Memecoin

chest

The X account of Robinhood CEO Vlad Tenev was hacked to promote a fraudulent memecoin, highlighting vulnerabilities in crypto security.

user avatarDiego Alvarez

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.