Trump’s Recent Statements Impact Cryptocurrency Markets and Economic Policies – BitRss

Cryptocurrency investors faced another turbulent day, as the market has not seen any significant benefits since mid-December. Recently, the trend has been marked by declining altcoin values. At the time of writing, new announcements from Trump have begun to unfold, particularly concerning tariffs imposed on countries with trade surpluses.

Significance of Trump’s Statements

The ongoing announcements are pivotal for cryptocurrencies. Trump emphasizes that the United States does not engage in equitable trade practices and highlights his intention to take action against all countries that benefit disproportionately. A mutual tariff will be implemented against problematic trade partners effective April 2.

Trump stated that the EU will update its customs tax to 2.5%, which he appreciates. He mentioned, “We will consider countries using the VAT tax system. VAT will be treated like a tariff. They take much more from us than we take from them.”