The announcement of a 30% tariff on imports from Mexico and the European Union, effective August 1, 2025, has drawn significant public and economic attention.
Tariff Increase and Its Significance
US President Donald Trump, known for using tariffs as a policy tool, announced a 30% tariff on imports from Mexico and the EU. This decision raises many questions, as it was made without much detail and justification. Trump has historically used such measures to achieve various political goals.
Economic Consequences for the US and the World
Experts express concerns about potential negative impacts on the economy. Mary Lovely of the Peterson Institute for International Economics suggests it could trigger a recession, reducing consumption and closing the trade deficit. Stock and bond markets have reacted negatively, indicating the increased risks associated with US assets. Notable experts, like Alan Sykes from Stanford, also express doubts regarding the future negotiation credibility of the US.
Impact on the Cryptocurrency Market
During previous trade wars, such as the conflict with China in 2018-2020, tariffs significantly impacted the volatility of major cryptocurrencies. Recently, Bitcoin traded at $117,790.43 with a market cap of $2.34 trillion. Some stability in crypto markets during this period indicates a cautious investor sentiment, although potential tariff consequences are not yet clear.
Trump's announcement of new tariffs raises a wide range of economic consequences and unpredictability for both the US domestic economy and the global market. Experts urge attention to the situation and its developments.
