{"id":15980,"date":"2025-02-10T12:18:43","date_gmt":"2025-02-10T09:18:43","guid":{"rendered":"https:\/\/blog.egemoney.com\/?p=15980"},"modified":"2025-02-10T12:32:56","modified_gmt":"2025-02-10T09:32:56","slug":"new-tax-tariffs-from-trump-and-the-markets-reaction","status":"publish","type":"post","link":"https:\/\/blog.egemoney.com\/en\/new-tax-tariffs-from-trump-and-the-markets-reaction\/","title":{"rendered":"New Tax Tariffs from Trump and the Market’s Reaction"},"content":{"rendered":"

Weekly Economic Expectations:<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n
Date<\/strong><\/th>\nTime<\/strong><\/th>\nCurrency<\/strong><\/th>\nEvent<\/strong><\/th>\nExpectation<\/strong><\/th>\nPreviously Announced Data<\/strong><\/th>\n<\/tr>\n<\/thead>\n
February 10, Monday<\/strong><\/td>\n<\/td>\nXRP, SOL<\/strong><\/td>\nRipple and Solana CME futures start trading<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
February 11, Tuesday<\/strong><\/td>\n10:00<\/strong><\/td>\nTRY<\/td>\nTurkey Retail Sales (Monthly) (Dec)<\/td>\n<\/td>\n1.9%<\/strong><\/td>\n<\/tr>\n
February 11, Tuesday<\/strong><\/td>\n18:00<\/strong><\/td>\nUSD<\/td>\nFed Chair Powell\u2019s Comments<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
February 12, Wednesday<\/strong><\/td>\n16:30<\/strong><\/td>\nUSD<\/td>\nConsumer Price Index (CPI) (YoY) (Jan)<\/td>\n2.9%<\/strong><\/td>\n2.9%<\/strong><\/td>\n<\/tr>\n
February 12, Wednesday<\/strong><\/td>\n18:00<\/strong><\/td>\nUSD<\/td>\nFed Chair Powell\u2019s Comments<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/h3>\n

Trump\u2019s New Tariff Decision<\/strong><\/p>\n

U.S. President Donald Trump\u2019s announcement of a 25% additional tariff on steel and aluminum imports<\/strong> has caused fluctuations in both global and cryptocurrency markets. Following the announcement, Bitcoin experienced a sharp drop but quickly rebounded, surprising investors.<\/p>\n

Speaking aboard Air Force One<\/strong>, Trump declared that a new 25% tariff<\/strong> would be imposed on steel and aluminum imports. After the news, Bitcoin\u2019s price dropped rapidly to $94,700<\/strong>, losing more than 2% of its value<\/strong>. However, during the night, a strong buying wave pushed the price back up, and Bitcoin reached $97,700<\/strong>. It is currently trading at $97,100<\/strong>.<\/p>\n

Trump\u2019s new trade policies<\/strong> have increased global economic uncertainty, prompting investors to move away from risky assets<\/strong>. Several countries have responded to the decision:<\/p>\n