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.
TRUMP1.73%
BTC0.59%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
GateUser-44a00d6cvip
· 17h ago
Once again, President Chuan is starting to stir up trouble.
View OriginalReply0
FOMOSapienvip
· 08-01 03:46
btc要To da moon咯
View OriginalReply0
BlockchainFriesvip
· 08-01 03:45
btc still has to rise a wave
View OriginalReply0
ForkTonguevip
· 08-01 03:44
Shorting preparation, Full Position.
View OriginalReply0
AirdropATMvip
· 08-01 03:39
Hoard some virtual coins and prepare for a Rug Pull~
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)