Tariff measures introduced by US President Donald Trump are causing global concern, especially among cryptocurrency and stock investors.
US Tariff Measures Against China
On April 2, Trump announced reciprocal import tariffs, which include a 10% baseline tariff on all imported goods effective April 5, with higher tariffs, such as a 34% levy on Chinese imports set to begin on April 9. Raoul Pal, CEO of Global Macro Investor, suggests that these negotiations are likely just tactical posturing aimed at reaching an agreement with China.
China's Response to US Tariffs
In retaliation to US tariffs, China imposed a 34% tariff on all US imports effective April 10. The Chinese foreign ministry stated that they are prepared to 'fight till the end' against tariffs they describe as 'bullying' from the world's largest economy.
Crypto Markets Watch Trade Outcome
Analysts emphasize that a possible agreement between the US and China could be a key factor for recovery in digital asset markets. Special attention is being paid to the responses of other countries regarding trade tariffs as these will influence investor risk appetite. According to Nansen analysts, crypto markets may reach a bottom by June 2025 before beginning a recovery.
The trade negotiations between the US and China remain a focal point, as their outcome may significantly impact financial markets and the global economic situation.
