Trump's trade wars continue
US President Donald Trump continues his trade war, this time raising global tariff rates to 15%. This is another step in his aggressive trade policy, which affects not only China, but also other US trading partners.
Despite strong criticism of these actions, Trump is using alternative legal routes to impose new tariffs. According to current legislation, the president has broad powers in the field of foreign trade, which allows him to impose tariffs without the approval of Congress. However, some experts believe that his powers in this area are still limited.
Interestingly, against the backdrop of the escalation of the trade war, the cryptocurrency markets have remained almost unfazed. This suggests that digital assets are increasingly separating themselves from traditional financial markets and becoming a separate asset class.
Conclusion
Trump's actions in the field of trade policy are generating more and more criticism and concerns, but so far they have not had a significant impact on the cryptocurrency market. This testifies to the growing maturity and independence of digital assets, which are increasingly becoming an alternative to traditional investments. However, we cannot rule out that in the future the escalation of trade wars may indirectly affect cryptocurrencies as well.