🔥🔥Trump just proposed new tariffs on 60 countries.
🔥READ HERE TO UNDERSTAND WHAT HAPPENS TO CRYTPO👍
At least 10% across the board. 12.5% on China, India, Japan, South Korea, and others. Canada, Mexico, the EU, and the UK get the lower rate. The justification is forced labor enforcement.
The actual impact is a new trade barrier that covers most of the global economy.
The Supreme Court struck down the previous tariff framework in February. This is the rebuild. Section 301 of the Trade Act of 1974 gives the administration the legal path. Public comment runs through July 6. Hearings start July 7.
The timeline puts implementation around the expiration of the existing 10% global tariff in July.
The exemptions are narrow. Food items, metals, certain fuels and chemicals. Everything else gets taxed.
Markets barely flinched at the initial announcement. The MSCI All Country World Index rose 0.1% to a record.
That is either complacency or disbelief. The tariffs have not been priced yet because they are not yet in effect.
The comment period gives room for negotiation, carve-outs, and reversals. The market is betting that the final version will be softer than the proposal.
For crypto, the impact is indirect but material. Tariffs raise input costs. They slow trade. They strengthen the dollar in the short term. A stronger dollar pressures Bitcoin.
A slower global economy reduces risk appetite. The AI sector is absorbing the institutional capital that might otherwise rotate into digital assets. A trade war adds another layer of macro uncertainty. Uncertainty drives capital to cash, not to crypto.
Bitcoin is already below $68,000. The February low near $60,000 is the magnet. Tariffs are not the primary driver of this selloff, but they are the headwind that keeps rallies shallow. The macro picture is not improving.
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