Djemmm.eth
@djemmm
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Trump’s New Tariffs: What You Need to Know
On April 2, President Trump announced sweeping new tariffs on imports, aiming to boost domestic production but sparking concerns over inflation and trade wars.
Key Measures:
• 10% universal tariff on all imports (starting April 5).
• Higher tariffs for key countries:
• China: 54%
• EU: 20%
• Japan: 24%
• Vietnam, Cambodia, Laos, Myanmar: 44-50%
• End of duty-free imports under $800 from China & Hong Kong (from May 2), affecting platforms like Temu & Shein.
Potential Impact:
• Higher prices for U.S. consumers.
• Rising inflation and supply chain disruptions.
• Retaliation from affected countries, risking a trade war.
Canada, Mexico, and China are already preparing countermeasures. While the tariffs aim to reduce reliance on foreign goods, they could have major economic downsides.
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It’s been a while since I last posted here! A lot has been happening in the crypto market lately, and I wanted to share a brief update with you all.
Currently, the market is experiencing some volatility, with Bitcoin and Ethereum showing mixed trends. After a significant rally earlier this year, we’re now seeing some consolidation, which is quite typical for such volatile assets. The global economic climate, inflation concerns, and regulatory discussions are all contributing to the uncertainty.
What to expect next? In the short term, the market could remain unpredictable, with occasional swings in both directions. Long-term prospects are still promising, especially with continued adoption of blockchain technology and the growing interest in decentralized finance (DeFi). However, it’s essential to stay cautious and informed, as regulatory decisions and macroeconomic factors will continue to play a big role.
Let’s see how things unfold! Stay tuned, and DYOR
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