Tariff Storm: Trump's new onslaught shakes the markets
Trump signed orders imposing tariffs between 10% and 41% on more than 60 countries—such as Canada (35%), India (25%), South Africa (30%), and Switzerland (39%), effective from August 7. Markets panicked after a weak employment report in the U.S. (only 73,000 new jobs in July), reigniting pressure on the Fed to cut rates sooner. Asian tech stocks suffered particularly due to uncertainty in supply chains.
What does this mean for crypto traders? The average tariffs will rise from ~2.5% to 15-18%. The uncertain environment is moving capital towards safe havens like USD, gold, and Bitcoin. Prepare for increased volatility in crypto, currencies, and commodities
