Crowding market gatherings after Trump stopped for 90 days on customs duties
Donald Trump announced today that he is publishing a temporary stop for 90 days on all tariffs except for those in China. Bitcoin rose more than $ 80,000, while altcoins like XRP, SolanaCardano rose more than 10 % in just minutes of the advertisement.
Dow Jones and the stock market were similarly, as it rose by 2000 points after the news. The US President now added a total of 125 % tariffs to China, with others stopping.
Trump reflects the tariff plan
Since Donald Trump made A huge tariff cornerstone in its financial policyThe markets interacted with the tremendous uncertainty. For example, it was more than a billion dollars Check out of the encryption market This Monday, and False rumors of potential relief It raised more than $ 1 trillion of market gains.
In other words, the markets were very pessimistic It would cause an American stagnation. when Trump carried out 104 % tariffs on China Last night, coding fell, and It fell again when China took revenge on This morning.
Today, however, Trump made a sudden reflection. Although it increases definitions against China to 125 %, it cancels those in other countries.
This news caused immediate pool In the markets. At 1:30 pm East time, Dow Jones responded by shooting at more than 2000 points, and this was reversed in other prominent stocks.
The markets were Desperate for a form of reliefAnd it appears to be here.
However, the wrong nature of the Trump tariff strategy has left more than some open questions. In his announcement, Trump only mentioned the revenge strategy in China by name, and all other countries gather together.
However, some crucial markets, mineKE European Union, too revenge. It is currently not clear how Trump will treat other actors, because China is its main goal.
Open questions like this may continue to uncertainty in the market. As an analyst atmosphere Western Duplicate Abroad, Trump has already caused a lot of economic chaos with his identification threats alone.
Will he get countries other than China? Will the former allies continue to withdraw from the United States? These live questions may be frustrated by long -term economic gains
Disintegration
In commitment b Trust project The guidelines, Beincrypto is committed to unbiased and transparent reports. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that we have Conditions and termsand privacy policyAnd Remove responsibility Updated.
https://beincrypto.com/wp-content/uploads/2025/02/bic_donald_trump-covers_coins_neutral.png
