For years With crypto coins For an interested person, the period starting with Trump is not like any other period. We have fallen into the middle of something else, and the transformation of crypto currencies as a class of assets with the change in global scale is in an interesting harmony in this process. Tomorrow, the big day, global customs tax tariffs are being put into force. Crypto currency investors excited.
US Customs Duties
After the postponement of July 9, Trump has no possibility to make a new postponement for August 1. If he does this, no one will care about the new last date, and Trump will be certain that he is bluffing with his non -strong hand. Powell It does not reduce interest rates and tariffs are being commissioned tomorrow to avoid the discount.
The US President and his team established a 15 %customs duty standard for foreign goods. The European Union, Japan, when it comes to mid -tone agreements, the ratio is not below this. Of course, it is also possible for countries to reset mutual taxes and deal with zero taxes, but they do this damage to their economies.
The latest situation in US tariffs;
- The existing odds with the EU are 10 %with the base global tariff ratio, but the agreement increases it to 15 %. In addition, within the scope of the agreement, EU companies will receive an additional investment of 600 billion dollars of $ 600 billion.
- Mexico will pay 30 %customs duties and face 10 %tax for energy products.
- Trump pronounced 35 %for Canada, and the 25 %ratio, which entered into force in March, will increase as in Mexico.
- The Chinese taxes up to 145 %were withdrawn to 30 %with the previous agreement and time was given to the agreement until November.
- With this month’s agreement, Japan drew the 25 %tax rate to 15 %. 25 %of the global tariff rate for cars will also apply to Japan. As part of the agreement, Japan will invest $ 550 billion in the US.
- South Korea will be activated for 25 %tariff tomorrow. It will now pay 25 %tax instead of 10 %with current global tariff rate.
- Taxes for Taiwan will increase from 10 %to 32 %tomorrow and semiconductors and iPhones will be exempt.
- The UK made a good deal. They will also pay 10 %tax for the first 100 thousand vehicles to be exempt from 25 %tax for steel and aluminum. When the quota is full, they will pay 25 %tax like others.
- India was threatened to 26 %, but they stuck hands with 25 %tax. Apple will reduce its production here and India will also be punished for the trade of BRICS and Russia.
- An agreement was made with Vietnam, they will pay 20 %tax. The rate in April was 46 %.
What will happen in crypto currencies
In the first part, I talked about tariff agreements in detail because even with these agreements, the prices of goods will increase seriously. In other words, the agreements will pay tax on double -digit percentages. Those who do not make an agreement will face several floors as of tomorrow. Trump is satisfied with the situation because customs tax revenues reached a record level last month with 26.6 billion dollars. It will continue to increase.
What does all this mean? Inflation will increase, interest rates will not descend, Trump Powell will continue to call stupid, and the markets will face the risk of decreasing crypto currencies until it digeshes this situation. For now the markets are high PCE data, yesterday’s Powell He doesn’t care about his explanations. We do not see that the tariffs and expected inflation data that will enter into force tomorrow are also concerned.
However, a period of great fluctuation awaits us. Continuously CRPTOAPPS We are in the days we will look at the screen and wait for what new development was. Yesterday, we saw that 3-4 different last minute development triggered serious rise in subcoins, Powell’s explanation summaries, other major developments fall here instantly, I would recommend it if you haven’t established it because there is no job that you can do better than keep yourself up to date these days.
You can click on the picture and go directly to the application store, I think it will become more widespread because it is used for free, because it only offers news in the crypto, it has a fast flow, the portfolio tracking is possible.
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.
