Trump’s new tariff threats shake global crypto market
The global crypto market should once again brace for a potential turbulence as the United States President, Donald Trump, reignited trade war tensions, teasing a fresh round of reciprocal tariffs, News.Az reports citing CoinSpeaker.
On Thursday, Trump shared his intention to impose tariffs mirroring the rates other nations charge for American goods, potentially escalating global economic uncertainties. This move, coupled with inflation concerns, could lead to increased market volatility as Bitcoin, often regarded as a hedge against fiat instability, shows signs of weakness.
“THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!” said Trump…
