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Trump has once again sparked global economic attention. The plan to impose tariffs on goods from 67 countries, originally scheduled to take effect on August 1, has been postponed to August 7. This adjustment in tariffs, ranging from 15% to 41%, is considered the highest level in nearly a century.
The White House stated that this is part of the 'Trump round negotiation' new trade system, aimed at restructuring global trade rules. This week's extension provides countries with an opportunity for further consultations.
This decision could have far-reaching effects on the cryptocurrency market. In the short term, the delay in tariffs may ease market tensions, and the volatility of safe-haven assets like the dollar and Bitcoin may decrease. However, long-term uncertainty remains. If the negotiations on August 7 fail and the global trade war escalates, cryptocurrencies could once again become a safe-haven choice for investors.
Trump's strategy demonstrates his political acumen, showcasing a tough stance while leaving room for negotiation. However, the global trade chain is already fragile, and further tariffs could drive up inflation, ultimately negatively impacting the US stock market, which in turn could make non-traditional assets like Bitcoin more attractive.
As August 7 approaches, the market will closely monitor the impact of Trump's policies on the cryptocurrency market. In this rapidly changing market environment, investors need to stay alert and adjust their strategies in a timely manner to cope with potential market fluctuations.