Donald Trump's new tariffs could escalate the trade war and put further pressure on the cryptocurrency market.
This Wednesday, April 2, U.S. President Donald Trump will announce new tariff measures targeting several of his key trading partners, including Canada, Mexico, China, and the European Union.
These tariffs, expected to be formalized at an event in the Rose Garden, represent a new chapter in Trump's trade strategy, which aims to renegotiate more favorable terms for the United States.
However, its new tariff policy could not only intensify global trade tensions but also have significant repercussions on financial markets, especially for risky assets like cryptocurrencies. Experts and analysts have already begun speculating about how these measures could affect the global economy and, in particular, the crypto market, which is already under pressure due to economic and geopolitical uncertainty.
BUY BITCOINNew tariffs and their impact on the global economy
The tariffs announced by Trump seek to reduce what the U.S. government considers unfair trade practices to ensure a more level playing field for American companies. However, the approach of this new policy has raised concerns among international experts, who warn that it could trigger a spiral of retaliation by the affected countries and impact the global economy.
According to sources close to the Trump administration, the tariffs will apply to a wide range of products. This could not only increase production costs for companies but also make products more expensive for end consumers. In a context where inflation is already a hot topic in many economies, tariff measures could further exacerbate global economic challenges.
Furthermore, tariffs could undermine investor confidence, resulting in increased volatility in financial markets. In this scenario, risky assets such as stocks and cryptocurrencies are the first to suffer the consequences of the uncertainty generated by the new tariffs.
TRADE WITH STABLECOINSWhat to expect in the crypto market
The cryptocurrency market, already under pressure due to global uncertainty, could be further affected by Trump's new tariff measures. Many experts agree that the political and economic uncertainty generated by these tariffs could put additional pressure on the prices of Bitcoin and other cryptocurrencies in the short term.
Analysts at QCP Broadcast emphasized that tariffs could increase risk perception among investors, leading to a decrease in investment in risky assets, including cryptoassets. Furthermore, the potential response from central banks, such as an increase in interest rates to counter tariff-induced inflation, could make digital assets less attractive to institutional investors in the short term.
Colin Wu, a prominent blogger in the crypto world, reported that the channel's analysts are not “chasing any bullish moves until the broader macroeconomic outlook improves.”
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However, despite this context, analysts also argue that, while Trump's tariffs represent a challenge for the crypto market, they also open the door to new opportunities. They see this situation as a scenario in which decentralized assets like Bitcoin and Ethereum could gain ground as more stable and secure alternatives to the fluctuations of fiat currencies. For example, Bitcoin has historically demonstrated its ability to operate as a safe haven in times of economic and political crisis.
Therefore, while these tariff policies could put pressure on risk assets in the short term, they will also open the door to new opportunities for cryptocurrencies and blockchain technology to demonstrate their value in an increasingly uncertain environment.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
