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Good start of the week so far on altcoins.
I will post some charts in a few hours and we'll see where everything stands.
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Here is the Breakdown of Tariffs chart if you didn't understand it. This table highlights the disparity in tariffs between the United States and its trading partners. It shows how much these countries charge the U.S. on imported goods compared to the discounted tariffs the U.S. imposes on their imports. 🔵 Blue/White Columns (Country): List of trading partners. ⚪ White Column (Tariffs Charged to the U.S.A.): The percentage of tariffs that these countries impose on American imports. 🟡 Yellow Column (U.S.A. Discounted Reciprocal Tariffs): The lower tariff rates the U.S. charges on imports from these countries. For example: China charges the U.S. 67%, but the U.S. only charges 34% in return. Vietnam charges a whopping 90%, while the U.S. charges just 46%. Switzerland imposes 61%, but the U.S. only charges 31%. The disparity is clear—many countries impose significantly higher tariffs on American products compared to what the U.S. charges them.
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Trump imposing tariffs can lead to high inflation and let me explain why 1. Tariffs make things like electronics, clothes, or materials from other countries more expensive. If businesses rely on these imports, they raise their prices to cover the extra cost. If you're buying something at higher prices you will sell it for higher price right? 2. If imported materials (like steel or parts) are taxed, companies using them to make products (like cars or appliances) will charge more to cover the higher costs. 3. Tariffs protect local businesses from foreign competition. With less competition, local companies might raise prices because they don’t have to worry about cheaper foreign options. 4. If the U.S. taxes imports, other countries might tax U.S. exports in return. This hurts U.S. businesses, and they might raise prices to make up for lost sales. 5. Tariffs can mess up the flow of goods, making it harder and more expensive for businesses to get what they need. This can also push prices up. 6. If everyone thinks prices will go up because of tariffs, workers might ask for higher wages, and businesses might raise prices in advance, creating a cycle of inflation. In short, tariffs make things more expensive, and those higher costs often get passed on to consumers, leading to inflation. **Now you might be thinking if tariffs can do so much damage then why does Trump want to impose it? ** I think the main goal is to protect U.S. jobs, reduce trade imbalances, push for fairer trade deals, and strengthen domestic industries. He wants the US to produce more products. He is also asking FED to cut interest rates. These things will have a direct impact on market. Lets see what we get, Crazy times Ahead in my opinion.
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I gave you an early warning $BTC
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U.S Tariffs chart
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U.S. TO IMPOSE 10% ACROSS-THE-BOARD TARIFF ON ALL IMPORTS, PRESIDENT TRUMP SAYS 25% AUTO TARIFFS U.S. TO APPLY 26% TARIFF ON IMPORTS FROM INDIA WILL BE CHARGING CHINA 34% DISCOUNTED RECIPROCAL TARIFF 20% TARIFF ON EU, CHART SHOWS *34% TARIFF ON CHINA, CHART SHOWS *46% TARIFF ON VIETNAM, CHART SHOWS *24% TARIFF ON JAPAN, CHART SHOWS *TRUMP: UK RECICPROCAL RATE 10% 25% TARIFF ON SOUTH KOREA, CHART SHOWS *US TO SLAP 36% TARIFF ON THAILAND, CHART SHOWS *TRUMP: SWITZERLAND RECIPROCAL RATE 31% *US TO SLAP 49% TARIFF ON CAMBODIA, CHART SHOWS U.S. TO APPLY 10% TARIFF ON IMPORTS FROM BRAZIL.
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