Recent actions by US President Donald Trump, announcing new tariffs on imports from the European Union and Mexico, have led to significant fluctuations in the stock markets. Despite this, cryptocurrencies are showing optimistic results.
Trump's Tariffs and Their Impact on Global Markets
US President Donald Trump announced the introduction of new tariffs of 30% on imports from the European Union and Mexico, which has created tension in international trade. These measures, effective August 1, exacerbate existing concerns regarding a potential trade war. Trump has previously imposed additional tariffs on Canada, Japan, South Korea, and Brazil.
Inflation Risks and Their Impact on Stock Indices
US stock index futures opened lower this morning. Investors are cautious regarding trade tensions and inflation risks. While S&P 500, Nasdaq 100, and Dow Jones futures fell by 0.4%, markets are awaiting the consumer price index report next week, adding anxiety to the financial sector.
Bitcoin's Rise Amid Economic Uncertainty
Despite overall declines in the stock markets, Bitcoin continues to surprise investors. It reached a new record exceeding $121,000, which is double what it was a year ago. This surge is fueled by sustained interest in cryptocurrencies and increasing investment flows into ETFs, as well as optimism regarding upcoming cryptocurrency legislation in the US.
Thus, the introduction of new tariffs by Trump has significantly affected global financial markets. However, in spite of uncertainties in traditional sectors, cryptocurrencies continue to gain popularity and demonstrate growth, reflecting a shift in investor confidence towards decentralized assets.
