US Economy: Trump's Tariff Spree Is Set To Create More Mayhem: Here's How
Donald Trump has once again struck the market with a fresh spree of tariffs. The US president has levied 25% tariffs on the European Union, followed by deploying an additional 10% tariffs on China. Minutes after the aforementioned tariff announcement, the cryptocurrency market felt the aftereffects of it, with Bitcoin plunging below $80K price levels. Are Trump’s tariff spree ideations spelling trouble for the US economy? Let’s find out. Also Read: US Car Dealership Officially Accepts Pi Coin as New Payment Option Trump’s Tariff Strategy: A Blunder or a Boon? Source: LA Times Donald Trump is currently on an aggressive tariff spree. The 47th US president is currently busy imposing tariffs on nations, levying 25% and 10% tariffs on imports from the EU and China, respectively. Trump’s tariff decision had a massive global effect, with markets tumbling down due to the rising trade war fears. At the same time, Trump has also levied taxes on Mexico and Canada, sparking issues for US auto...