On April 12, Donald Trump surprised the markets by lifting tariffs on strategic technological products, instantly propelling Bitcoin higher.
Tariff Exemptions on Strategic Technologies
Trump announced the exemption of certain technology products from tariffs, including smartphones and electronic chips. This measure aims to support the competitiveness of American companies amid high inflationary pressures. Trump stated: "These are products we need to remain competitive.
Market Reactions to the Changes
Following the announcement, financial markets showed an upward trend. The S&P 500 closed higher, reflecting improved investor confidence amid geopolitical uncertainty. However, the most notable surge was in the crypto sphere, where Bitcoin soared above $85,000.
Impact on Crypto Market and Future Technologies
Analysts see this decision as a signal of potential indirect benefits to the Web3 ecosystem. Lower tariffs on electronic components could accelerate the production of mining hardware and AI-related projects. Raoul Pal, a former Goldman Sachs executive, believes this is 'typical of a Trumpian negotiating strategy' where trade measures serve as both a tactical lever and political signal.
The announcement to lift tariffs may have long-term implications for international technology value chains and encourage the consideration of customs regulation as a strategic tool in the race for digital sovereignty.
