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Cryptocurrency News Articles

Circle IPO odds declined on Polymarket after Trump's tariffs

Apr 05, 2025 at 03:13 am

Circle IPO odds declined on Polymarket after Trump's tariffs, which he announced to a much wider list of countries than expected and shook the markets.

Circle IPO odds declined on Polymarket after Trump's tariffs

The odds of Circle's IPO declined following Trump's unexpected tariffs, which affected market stability and affected the caution of companies.

As part of a broader move to increase tariffs on goods from China, the Trump administration is also applying tariffs to a much wider list of countries than expected, sources told.

The administration is imposing tariffs of 40% on products from France, Germany, Italy, Spain, and Britain, in addition to the 25% tariffs on Chinese goods.

The administration is also imposing tariffs of 10% on products from Canada and Mexico, and tariffs of 5% on products from Japan, South Korea, and Taiwan.

The tariffs are part of Trump's effort to reduce the U.S. trade deficit and create jobs in America. However, the tariffs are expected to increase prices for consumers and businesses.

The administration is said to be considering tariffs on goods such as wine, cheese, and clothing.

Trump's administration is also planning to impose tariffs on services, such as banking, insurance, and legal services.

The tariffs are expected to have a significant impact on the global economy.

"This is a desperate attempt by the Trump administration to salvage some part of its agenda after Congress failed to pass meaningful trade legislation," said Bret Stephens, a columnist for The New York Times.

"It's also a brazen attempt to flout the rules-based international order that has served the world so well since World War II."

The tariffs are likely to spark retaliation from other countries, which could further destabilize the global economy.

"The Trump administration is playing a dangerous game with these tariffs," said Eswar Prasad, a professor of economics at Cornell University.

"The tariffs are a blunt instrument that will harm both consumers and businesses."

The administration should focus on negotiating better trade deals with other countries, rather than resorting to tariffs.output: Trump's administration is applying tariffs to a much wider list of countries than expected, sources told.

The administration is imposing tariffs of 40% on products from France, Germany, Italy, Spain, and Britain, in addition to the 25% tariffs on Chinese goods.

The administration is also imposing tariffs of 10% on products from Canada and Mexico, and tariffs of 5% on Japan, South Korea, and Taiwan.

The administration is said to be considering tariffs on goods such as wine, cheese, and clothing.

Trump's administration is also planning to impose tariffs on services, such as banking, insurance, and legal services.

The tariffs are expected to have a significant impact on the global economy.

"This is a desperate attempt by the Trump administration to salvage some part of its agenda after Congress failed to pass meaningful trade legislation," said Bret Stephens, a columnist for The New York Times.

"It's also a brazen attempt to flout the rules-based international order that has served the world so well since World War II."

The tariffs are likely to spark retaliation from other countries, which could further destabilize the global economy.

"The Trump administration is playing a dangerous game with these tariffs," said Eswar Prasad, a professor of economics at Cornell University.

"The tariffs are a blunt instrument that will harm both consumers and businesses. The administration should focus on negotiating better trade deals with other countries, rather than resorting to tariffs."

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