CandleFocus

Donald Trump’s actions show a man fighting to lose, not win the election

Author: Content Editor
The article discusses how Donald Trump's proposal of universal tariffs is unpopular with voters and has faced backlash from economists and members of his own party. Trump's logic is that high tariffs will force companies to relocate to the United States, but experts warn that tariffs hurt American businesses first and lead to higher inflation. The Biden administration has kept some tariffs but claims their approach is more targeted and strategic. Elon Musk supports Trump's tariff plan and has been pushing a petition to entice swing state voters. For Bitcoin, Trump's tariffs could be both a threat and an opportunity. It could experience a boost if inflation spikes, as Bitcoin is viewed as a hedge against inflation. However, volatility will remain a concern, and the announcement of new tariffs could trigger a short-term sell-off if Trump wins. In the long run, Bitcoin may thrive under the inflationary pressures caused by the tariffs.

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