Former US President Donald Trump may return to a tariff policy on imported goods. This will affect the internal economy, cryptocurrency markets, and international trade relations.
Proposed Tariffs and Trump's New Economic Strategy
Trump is proposing to impose tariffs of 15-20% on imported goods. This marks a shift towards a more aggressive protectionism compared to previous barriers placed on specific categories of goods.
Economic Impact and Who Will Suffer
The new tariffs could lead to rising consumer prices for imported goods, potential erosion of purchasing power, and disruptions in supply chains, thus reducing overall consumer spending.
Cryptocurrency Market: A Safe Haven or Volatility?
Cryptocurrencies might act as a hedge against inflation related to the new tariffs. However, increasing correlation with traditional financial markets could lead to heightened volatility, prompting investors to monitor economic trends closely.
Trump's potential tariffs pose a chance to reshape the economic landscape. While cryptocurrencies may offer an alternative, the risk of volatility remains significant.
