Donald Trump has announced new tariffs on pharmaceuticals, vehicles, and furniture, aiming to bolster American industries and jobs. This policy shift has led to increased volatility in both traditional and cryptocurrency markets, reflecting uncertainty among investors. The tariffs are part of Trump's 'America FIRST' strategy, reminiscent of his trade actions from 2018-2019.
In response, cryptocurrency markets have experienced heightened trading activity, particularly in Bitcoin and Ethereum, as investors seek safe-haven assets. Stablecoin transfers have also surged, indicating a hedging strategy amid geopolitical risks.
Trump Imposes New Tariffs, Sparking Market Volatility
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