Donald Trump's proposed tariffs on trade products from Canada, Mexico, and China could have an impact on the crypto market. The tariffs would increase the cost of goods and potentially disrupt business, leading to inflation in economies around the world. Tariffs can also lead to economic uncertainty, causing investors to seek alternative assets such as Bitcoin as a "safe-haven" during trade tensions. In the past, trade wars between the US and China have led to increased interest in Bitcoin and a higher Bitcoin price.
- Content Editor ( crypto.news )
- 2024-11-26
How Trump’s proposed tariffs could affect crypto