Determined to set trade policies for the benefit of the United States, President Trump said it is time for Tit-for-Tat tariff policies
The U.S. president announced his administration’s plans to impose reciprocal tariffs in a long-awaited speech. The announcement casts doubt on the next Bitcoin price.
President Donald Trump said it is time for Tit-for-Tat tariff policies as he is setting trade policies for the benefit of the United States. The announcement has seen the price of Bitcoin stall, at least temporarily, as the coin has stalled from its short-term rally.
The impact of the Liberation Day on the crypto market has long been analyzed. Besides the previously announced tariffs on autos and other markets, President Trump said the tariffs will also expand to “nonmonetary” barriers like currency manipulation and “pollution havens.”
Also, in the President’s speech, Cambodia may see charges of 49% on goods. China, India, and the European Union will face 34%, 26%, and 20% tariffs. As per the list of countries released by the Presidency, the U.S. government discounted its tariffs on the nations involved.
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