In the war between Russia and Ukraine, the ceasefire process is completed, but the trade war is growing as the hot war ends. Trump’s moves concern the risk markets that include not only inflation but also crypto currencies. Well the analysts Bitcoin $82,521.86 What are the current estimates on the price?
Global Trade War
After Trump’s entry into force of global customs duties for steel and aluminum, the European Union and Canada retaliated. Economists are concerned that Trump’s trade war will harm economic growth over time. The inflation data that came today was hopeful about short -term effects. Many reports told us that when customs duties have been discussed, this was reflected in prices.
But today inflation The expectation has come six. For March and April, it represents a period that we will see more clearly the effects of customs duties on inflation. Therefore, with the inflation data next month, we can start to see above expectations with the effect of tariffs.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
The current situation for customs tariffs is as follows;
- 4 February 10 %customs duties for all import items to China.
- 4 March 25 %Customs Dutch in all imports to Mekseika.
- 25 %to Canada in most items
- 10 %customs duties on March 4, on March 4, to China. 20 percent in total.
- Postponing the goods within the scope of USMCA Trade Agreement for Canada and Mexico on March 6 (disabling 50-80 %of the sanction).
- March 12 global diameter everyone in aluminum and steel 25 %tax.
- In April 2, the ratio to the whole world for agricultural products and foreign cars will be announced.
The problem here is that Trump’s additional taxes affect global steel prices and raises the cost of the US domestic market. This is completely damaging businesses that use US steel. Ultimately, retaliation moves also narrowly narrows the country’s capacity to sell goods, as it cuts billions of dollars of US imports to neutralize the US move. As a result, we can see that the economy is progressing towards a scenario where the US economy has narrowed and maybe even more damaged than many countries.
What about England? Prime Minister Keir Starmer did not retaliate in this process. Britain, which segregates with the European Union on this issue, strives for a long -lasting trade agreement. Starmer said in a statement in parliament that the global customs duties for steel and aluminum “disappoint” itself, but they will limit the effects of customs duties with a new trade agreement and keep all options on the table.
The future of crypto coins
Considering the 2008 crisis and DOTCOM balloon, the global stagnation, which will be caused by customs tariffs, does not seem less harmful than before. This sucks for risk markets and the tariffs are seriously discussed. Your crypto coins Excessive sales are proof of this.
Jelle sharing the above graph says that weakness may continue in the scenario, where $ 90,000 for BTC in the short term. Rager wrote the following;
“After breaking down this week, he is now re -testing the 200 -day SMA. Even if the market fell in some way, there was a need for a short -term relief splashing when entering FOMC next week. ”
BTC It still cannot show power and the April 2 story for a deeper bottom close to $ 69 thousand seems to be a very sufficient story. Trump has been explaining new tariffs for weeks and then taking more or less back. However, as of April 2, he says that there will be no relaxation for the future. Extract crypto currency hard times have passed for investors, more difficult times seem to be at the door.
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.
