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China vs. Trump Tariffs: Global Markets Shaken, Crypto Beckons

Tariffs Spark Crypto Appeal as China, Trump Collide

  • Trump’s policy on international tariffs is unsettling investors globally.
  • The US President announced more tariffs this week.
  • Investors may explore crypto’s independence as a safety measure.

The uncertainty in President Donald Trump’s economic policies and their potential impact on the international market has led analysts to predict that investors might turn to cryptocurrency for safety. Trump extended his tariff-increasing policy against major US trade partners this week, leading to severe repercussions in the international stock market. 

Asian stocks experienced a hit following statements from the White House that China would face a further 10% levy. Apart from increasing China’s levy, the US government confirmed that 25% tariffs on Mexico and Canada would go into effect on March 4 and hinted at a similar policy for the European Union soon.

Global Market Shock & Crypto Slump

Global markets tumbled this week following the statements from the White House. Tokyo, Sydney, Shanghai, Seoul, Singapore, Wellington, Manilla, and Jakarta markets were all in the red, striking fear among investors about the potential impact of President Trump’s relentle…

The post China vs. Trump Tariffs: Global Markets Shaken, Crypto Beckons appeared first on Coin Edition.

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