Trump met with the President of Ukraine in Italy, and bilateral talks with Italy are ongoing. During this time, he continues his sharing on his own social media account. He also wrote something about the tariffs that are extremely important for crypto currency investors. At the same time, the Treasury minister made a statement.
Explanations about tariffs
If there is something clear Trump‘s will make tariffs permanent. It will not do this at high rates, but to balance the foreign trade deficit to mutual sacrifices will force countries.
Minutes ago, in his share of his own social media account, American citizens lived a more prosperous life and to pay less taxes, the “External Income Service”, that is, tariffs.
“When the tariffs come into play, the income tax of many people will decrease significantly and perhaps even completely eliminated.
It is not clear how relaxation it will be, and it is also possible for the US to find a Chinese trade block across the opposite. Although it is still strong in military and politically, the US imposes what they cannot accept to countries, which causes the block to strengthen against it. Moreover, there is no technologically ancient China, China has taken a serious progress in innovation.
Huawei It develops a new artificial intelligence chip (Ascend 910d). China’s electric vehicles have begun to scatter the world and we are talking about a China, which has reached a competitive point with the USA in many areas.
Crypto Coins and Tariffs
The important thing here is that the declining tension with China is now progressing towards the official compromise. For June ChineseXi is expected to come to the United States, but in order to happen, consensus and phone calls on the basic issues must first begin.
US Treasury Minister Bessent said in a statement a few minutes ago;
“Last week I met with my Chinese counterpart in Washington.
The aim is to protect the US bond market as the safest and most powerful market in the world. Especially trade negotiations with Asia are progressing positively.
Consumer spending data shows that there is no serious problem. ”
Crypto Coins Although these details are positive, we should see more, and the ground should be at least to sign an agreement as June approaches.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
