U.S. Treasury Secretary Janet Yellen announced potential tariff increases if trade agreements with over 100 countries are not reached by July 9, 2025. This statement could impact global markets.
Yellen's Tariff Warning
Yellen emphasized that if agreements are not finalized by July 9, a minimum 10% tariff will be imposed on products. The importance of these trade agreements lies in the potential economic consequences of failed negotiations.
Impact on Global Markets
Failure to finalize agreements will lead to tariffs that could negatively affect international trade and cause market volatility. Observers expect significant political consequences that may lead to substantial changes in the economy.
Potential Surge in Crypto Adoption
Analysis shows that looming tariffs may accelerate cryptocurrency adoption as a hedge against financial risks. Investors facing economic challenges may turn to digital assets as an alternative to traditional markets.
Thus, Yellen's initiative for trade agreements poses potential risks to the economy and may also accelerate the adaptation of cryptocurrencies as financial hedges.
