• 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

Ethereum Spot ETFs Face Notable Withdrawals.

chest

US Ethereum spot ETFs experienced significant capital outflows, with over $103 million exiting the funds, leading to a weekly netflow drop to just $66 million.

user avatarMohamed Farouk

Bitcoin Price Drops Below $80,000 as Spot ETF Outflows Increase

chest

Bitcoin's price has fallen below $80,000 as significant capital exits from US spot ETFs.

user avatarBayarjavkhlan Ganbaatar

Ethereum's Holder Count Surpasses Bitcoin's by 32 Times

chest

Ethereum's holder count has surpassed Bitcoin's by 32 times, with over 18.9 million non-empty addresses recorded.

user avatarElias Mukuru

Market Sentiment Shifts, Impacting XRP Price Performance

chest

Recent shifts in market sentiment have led to a pullback in XRP's price, despite strong buying activity in futures positions.

user avatarDiego Alvarez

Michael Saylor's Strategy Could Acquire $30 Billion in Bitcoin

chest

JPMorgan analysts predict that Michael Saylor's Strategy could purchase approximately $30 billion worth of Bitcoin this year if the current acquisition pace continues.

user avatarKenji Takahashi

Russell 2000 Breakout Signals New Bitcoin Bull Market

chest

Bull Theory suggests that the recent breakout in the Russell 2000 index signals the onset of another major Bitcoin bull market.

user avatarMaria Fernandez

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.