COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Trump’s Tariff Moves Spark Market Shock and Economic Concerns
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Economy > Trump’s Tariff Moves Spark Market Shock and Economic Concerns
Economy

Trump’s Tariff Moves Spark Market Shock and Economic Concerns

In Brief

  • The rapid implementation of Trump's tariffs is causing market instability.

  • Concerns rise over the dollar's long-term devaluation against other currencies.

  • Short-term economic disruptions are anticipated from the new tariffs on imports.

İlayda Peker
İlayda Peker 4 months ago
Share
SHARE

Trump’s imposition of additional tariffs has been implemented much more rapidly than anticipated, sending shockwaves through the markets. Following China’s DeepSeek initiative, Trump’s aggressive tactics are further fueling market fears, with optimism regarding the Fed’s interest rate cuts also dampened. Kevin C. Smith, CEO of Crescat Capital, has weighed in on these recent developments.

Contents
The Dollar’s Outlook and Economic ImpactThe Effects of Additional Tariffs

The Dollar’s Outlook and Economic Impact

Kevin C. Smith has highlighted that this aggression could have detrimental effects on the global economy at a time when the dollar’s dominance is already being felt. With global central bank assets at a four-year low, Trump might be risking a significant gamble.

Smith expresses concern that the rising pressure on the dollar might lead to its organic devaluation against other currencies. He suggests that this scenario seems inevitable, indicating that the U.S. dollar may be nearing a cyclical peak.

“Moreover, global central bank assets have decreased to their lowest level in four years, largely due to the strength of the dollar suffocating the global economy. We believe coordinated or organic depreciation of the dollar against other currencies is unavoidable.”

The Effects of Additional Tariffs

Smith also points out that Trump’s tariffs could lead to short-term economic disruptions. Trump mentioned that he might not take these impacts seriously, while the White House spokesperson emphasized their determination to move forward. Starting Tuesday, prices for about 33% of U.S. imports, including the 10% tax on Chinese goods, will be driven up due to Trump’s actions.

This could affect supply chains across various sectors, from agriculture to automotive, potentially disadvantaging U.S. citizens early on. The disruptions are particularly concerning given the $46 billion agricultural trade with Mexico and $97 billion energy trade with Canada.

In conclusion, Smith stated:

“A frequently overlooked factor in the dollar’s recent strength is the potential impact of trade policies, especially the lasting effects of Trump’s tariffs. Though these measures may create a short-term shock, they represent only one aspect of the broader policy agenda of the new administration.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

US Corporate Bankruptcies Surge to Record Levels in Economic Turbulence

BTC Stays Strong as Trump and Fed Shed Light on Economic Future

Dive into Bitcoin’s Rollercoaster Ride and Fed Insights

China Shakes Up Global Markets with Major US Treasury Sell-Off

Ken Griffin Warns on Trump’s Policies Impacting Inflation and Employment

İlayda Peker 3 February, 2025 - 6:35 pm 3 February, 2025 - 6:35 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Trump’s Administration Reaffirms Commitment to Cryptocurrency Development
Next Article Market Reactions Surge as Trump Announces High Tariffs on Imports
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Binance Supports USD1 to Expand Crypto Horizons
Binance
New Bill Restricts Crypto Activities of U.S. Officials
Cryptocurrency Law
U.S. CFTC Commissioner Pushes for Approval of Crypto Perpetual Futures
Cryptocurrency Law
Trump Fuels Crypto Surge as Robinhood Expands Altcoin Listings
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?