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President Trump has imposed a 10% tariff on most imports, escalating a global trade war that could lead to inflation and economic slowdown. China faces a 34% tariff, while the EU and Japan are hit with 24% and 20% tariffs, respectively, prompting threats of countermeasures. Critics warn these tariffs could significantly impact American families and the global economy.
President Trump has announced sweeping tariffs, including a 10% minimum on most imports and significantly higher rates on goods from various countries, escalating a global trade war that threatens economic growth and inflation. The tariffs, which include a 54% levy on Chinese imports, have drawn criticism from allies and could lead to retaliatory measures, further impacting global markets. Economists warn that these policies may slow the economy and increase living costs for American families.
In the first quarter, US equities faced challenges amid political turmoil, while European stocks benefited from fiscal policies. The US economy is expected to slow due to punitive tariffs, but its adaptability may prevent a recession. Investors are advised to diversify portfolios, as US dollar bonds carry high risks amid growing mistrust in the US as a reliable partner. Meanwhile, Swiss equities remain attractive, bolstered by the franc's status as a safe haven alongside gold.
The 'Mar-a-Lago Accord' reflects a shift in US economic policy, emphasizing that the US should no longer provide military security and market access without compensation. This approach advocates for power projection through tariffs, aiming to weaken the US Dollar, restructure debt, reduce the trade deficit, and promote re-industrialization.
Chinese selfie app developer Meitu invested in 31,000 ETH and 940 BTC in spring 2021, while Japan's Metaplanet holds 1,142 BTC as of December 19. Despite bullish sentiment among traders, Bitcoin's recent decline raises concerns about a potential "Santa Claus" rally, with key support at $89,376 and resistance at $100,000. Institutional interest is waning, impacting Bitcoin's performance, while altcoins show signs of recovery, indicating a possible post-Christmas rally.
The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump on his first day in office, aiming to establish a Bitcoin Strategic Reserve, improve banking access for crypto firms, and create a regulatory council. Industry leaders believe these measures would signal a shift towards innovation and leadership in the sector, contrasting sharply with the current administration's stance. Trump's recent nominations for economic and digital asset councils further underscore his commitment to fostering a favorable environment for cryptocurrency.
US President-elect Donald Trump has appointed economist Stephen Miran to lead the Council of Economic Advisors and Bo Hines as Executive Director of the newly formed Crypto Council, signaling strong support for the crypto sector. Miran aims to implement noninflationary economic policies that promote growth for all Americans, while Hines will collaborate with David Sacks to foster innovation in digital assets, ensuring the industry thrives as a key component of technological advancement.
Donald Trump has appointed Stephen Miran as the new chair of the Council of Economic Advisers, signaling a shift towards economic policies that prioritize innovation, particularly in digital assets. Miran, a former senior adviser at the Treasury Department, aims to reshape economic growth by advocating for crypto-driven policies and criticizing current monetary strategies. His nomination, which requires Senate approval, reflects Trump's broader agenda to enhance U.S. economic strategies through technological advancements.
Stephen Miran
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