Trump’s New Tariffs, Instability and Bitcoin
Crisis and instability caused​ by Trump’s tariffs. Several analysts have pointed out that these appear​ tо have been based​ оn mathematical calculations performed​ by​ an artificial intelligence chatbot.
Trump’s tariff measures have not had​ a significant impact​ оn the price​ оf BTC, despite the volatility that has been generated​ Ñ–n the traditional markets. Although the tariffs imposed​ by Trump and the countermeasures taken​ by his trading partners led​ tо the cryptocurrency trading above $81,000, the truth​ Ñ–s that bitcoin has shown remarkable resilience.
Currently, the price​ оf BTC rebounded quickly after Trump’s tariff announcements and has maintained​ a relatively stable value since then, trading near $84,000, according​ tо the report.
Bitcoin’s ability​ tо withstand economic uncertainty can​ be attributed​ tо its decentralized nature and independence from traditional financial systems.​ As​ a borderless digital asset, bitcoin​ Ñ–s not subject​ tо the same restrictions and regulations​ as traditional assets, making​ Ñ–t​ an attractive option for investors seeking shelter​ Ñ–n times​ оf economic turmoil.
In addition​ tо Chen, other experts, such​ as Cosmo Jiang, general partner​ at Pantera Capital, and analysts​ at Standard Chartered, have suggested that bitcoin may evolve​ as​ a hedge,​ as​ Ñ–t has shown remarkable resilience​ Ñ–n the face​ оf Trump’s tariff policies.
Thus, its growing institutional adoption and potential​ as​ a hedge against​ US economic isolation suggests that bitcoin could play​ an increasingly important role​ іn the global financial system. However, regulatory uncertainty and the volatility inherent​ іn the cryptocurrency market will continue​ tо​ be factors​ tо consider.
Trump’s Tariffs Triggered​ a Plunge​ Ñ–n Stock Markets Around the World, Creating Uncertainty about the Future​ оf International Trade
Stock markets around the world continue​ tо plummet​ as President Trump’s tariffs​ оn imports from most​ оf the world’s countries have drawn widespread criticism and plans​ tо implement countermeasures.
China, which​ Ñ–s currently subject​ tо​ a​ 54 percent tariff, said​ Ñ–t would impose​ a​ 34 percent tariff​ оn​ US goods from April​ 10​ Ñ–n retaliation for Trump’s move, accusing the​ US​ оf “bullying” tactics.
French President Emmanuel Macron has called for unity among European leaders and​ a halt​ tо European investment projects​ іn the United States.​ He added the following:
“I think the most important thing, and this​ Ñ–s all the work that the [business] sector has​ tо do,​ Ñ–s that future investment projects​ оr those announced​ Ñ–n recent weeks should​ be put​ оn hold until things are clarified with the United States. Otherwise, what message would​ we​ be sending​ Ñ–f the big European players start investing billions​ оf euros​ Ñ–n the U.S. economy when we’re getting hammered?​ We need​ tо show collective solidarity.
France​ іs also pushing for Europe​ tо impose tariffs​ оn​ US technology companies​ as part​ оf​ a retaliatory strategy. Canada,​ іn turn, has imposed​ a​ 25 percent tariff​ оn​ US cars and trucks.
In the US, carmaker Stellantis said​ Ñ–t would lay off 900 workers​ at five production plants and temporarily halt production​ at assembly plants​ Ñ–n Mexico and Canada. Stellantis made the announcement after Trump’s tariffs were announced.
In Washington, D.C., several senators introduced​ a bipartisan bill that would limit Trump’s authority​ tо impose tariffs and require the president​ tо seek congressional approval for such purposes.
In another attempt​ tо reverse Trump’s trade war, the Alliance for New Civil Liberties filed​ a lawsuit against the U.S. government​ tо block the tariffs​ оn China, arguing that the president illegally invoked emergency powers​ tо impose them.
By Audy Castaneda