President-elect Trump announced on Nov. 26 that international tariffs would remain until the influx of drugs and illegal immigrants ceased. Trump has been adamant about changing trade rules since 2015, particularly targeting Mexico. Threatening Mexico with a 25% tariff if criminal activity and drug trafficking persisted, Trump also warned China of a 10% tariff for not penalizing fentanyl dealers. Biden continued Trump's tariff policies, causing concerns about increased prices and business disruptions globally. Tariffs, by raising import taxes, inflate the cost of imported goods, affecting both financial markets and the crypto market. The trade tensions resulting from tariffs can lead to economic uncertainty, impacting currencies like the U.S. dollar and those of affected countries. Amidst such instability, Bitcoin emerges as a preferred asset due to its perceived stability compared to traditional assets affected by trade fluctuations and inflation. Read more AI-generated news on: https://app.chaingpt.org/news

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