Mike Smith
Mar 24
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From 2 April, a new tariff policy initiated by Donald Trump comes into force in the US. It provides for the introduction of mirror duties against countries that burden US exports with high tariffs. The president said the move is aimed at addressing trade imbalances, but economists have warned of the possible consequences for American consumers and businesses.
According to Trump, the day will be a ‘liberation day’ for the US economy. Nevertheless, import-dependent companies could see their costs rise, affecting the prices of goods. The introduction of new duties may cause tension in a number of industries, especially where foreign components are used. Experts believe that in the short term this may lead to market fluctuations.
Financial markets are already reacting to the changes. Gold is traditionally seen as a protective asset in times of uncertainty, and its value may increase. Bitcoin, on the other hand, is showing volatility, trying to overcome the downtrend. Some analysts predict its possible rise to $90,000 if the impact of the new duties is less harsh than expected.
Marcus Thielen, founder of 10x Research, notes that Trump's tariff policy is becoming more flexible, which is contributing to a localised bottom for bitcoin. He suggests that the cryptocurrency is unlikely to fall below $73,000 as it is backed by large investment funds and family offices. An additional supportive factor remains the inflow of capital into US bitcoin-ETFs.
Against the backdrop of current events, investors are keeping a close eye on political and economic signals. Depending on how balanced US trade measures turn out to be, the markets may either stabilise or continue to fluctuate.
Translated with DeepL.com (free version)
