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Trump May Impose Up to 70% Tariffs on Major Trading Countries

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by Giorgi Kostiuk

8 hours ago


Former U.S. President Donald Trump announced potential tariffs on major trading partners, a move that could lead to significant changes in the global economy.

Announcement of Tariffs and Its Consequences

Donald Trump has announced plans to impose tariffs ranging from 10% to 70% on major trading countries, starting from July 9. This decision could exacerbate trade tensions and prompt a reassessment of global economic interactions.

List of Affected Countries and Tariff Rates

Countries affected by the new tariffs include the European Union, Vietnam, South Korea, Indonesia, and Switzerland. Trump stated that these countries must negotiate new trade agreements quickly to avoid high tariffs after the deadline.

Potential Market Impact

Despite the seriousness of Trump's announcements, the immediate reaction in financial and crypto markets has been minimal. Historical examples show that such tariff measures have caused market volatility in the past, affecting stocks and commodities. Analysts suggest that macroeconomic uncertainties may impact the stability of assets like Bitcoin. However, there have been no noticeable shifts in investment behavior in the blockchain sector yet.

The announced tariffs highlight possible changes in the global economy, raising concerns among trading partners and market observers. It is essential to monitor the consequences of this strategy.

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