Tonight new rates from Trump: what does the cryptomarket do?

Tonight it will be reality, the long -dreaded import tariffs will be introduced. On Wednesday afternoon American time, President Donald Trump announces a new round import rates, which will immediately come into force. He does this on what he calls his “Liberation Day”, a symbolic day that he says for recovering economic control.

What can we expect?

Trump’s plans are still vague and we will have to experience in practice how it will work out exactly. The president speaks, among other things, about mutual rates, where countries that use high import duties on American products can expect similar taxes in export to the US. According to Trump, countries such as Brazil, South Korea, India and the European Union (EU) are the main targets of this new course.

For the Dutch it seems that the effects will be not too bad for the time being. For many Dutch companies, the US is a relatively small part of the total turnover. The impact of the taxes is therefore manageable. Companies such as ASML (chip machines) and Tata Steel provide specialized products for which there are few alternatives in America. As a result, they can often pass on the extra costs to American customers.

Crypto crash?

At the end of February, the announcement of the rates alone caused a big blow in the Cryptomarkt. The rates cause a lot of uncertainty and that is exactly what the financial markets are allergic to. Where the Bitcoin (BTC) race reached a new all-time High (ATH) of almost $ 109,000 in January, it would have dropped below $ 79,000 at the end of February. Now that the rates are finally going to keep in effect, many investors are taking on their breath.

Yet there is a bright spot. There is a good chance that the fall in price has already been priced. Financial markets often process new information at lightning speed, as we saw in February. In other words: the expected impact of the rates is probably already incorporated in the current course. That could mean that the soil has since been reached, as long as Trump does not announce new, unexpected measures.

Claim € 10 free today and do not pay trading costs over the first € 10,000!

Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Only deposit € 10 and receive € 10 free of charge. Moreover, you can act without costs for 7 days over your first € 10,000 in transactions. Start today and take advantage of the growing popularity of Crypto!

Make your account and claim € 10 for free.

Don’t miss this opportunity to take advantage of the growing popularity of Crypto!