๐ข Gate Square #Creator Campaign Phase 1# is now live โ support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
๐
Campaign Period: July 11, 18:00 โ July 15, 22:00 (UTC+8)
๐ Total Prize Pool: $500 token rewards
โ
Event 1: Create & Post โ Win Content Rewards
๐
Timeframe: July 12, 22:00 โ July 15, 22:00 (UTC+8)
๐ How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
#Trumpโs Tariff Policy#
๐ข Trump's New Customs Duties and Their Impact on Crypto Markets: What Should We Expect?
The new customs duty policies recently announced by US President Donald Trump have increased uncertainty in the global economy and are of particular interest to cryptocurrency markets. So, what do these developments mean for crypto assets?
Prominent Customs Duty Developments:
* General Application: The Trump administration has set a 10% additional customs duty floor that will be applied to almost all countries starting in April 2025.
* Targeted Countries: Higher rates of 20% to 34% are being applied, especially to major trading partners such as China and the European Union. Even additional duties of 25% are on the way for Japan and South Korea.
* Trade Wars: These steps are fueling a potential "trade war" scenario by increasing trade tensions between the US and many countries. At the last BRICS Summit, leaders criticized these tariffs and warned of global economic instability.
Possible Effects on Crypto Markets:
* Initial Volatility: Customs duty news can often cause instant volatility in the markets. Bitcoin (BTC) and other major cryptocurrencies can experience short-term declines after such announcements. The market reacts to uncertainty with a "risk-off" mode.
* Inflation and Recession Concerns: Customs duties can increase import costs, leading to an increase in consumer prices and thus inflation. At the same time, a slowdown in global trade can bring recession risks. These situations can lead central banks to tighten monetary policies, increasing pressure on crypto assets.
* Weakening of the Dollar and the Role of Crypto: Some economists warn that Trump's customs duty policies could weaken the US Dollar. If the dollar loses value, cryptocurrencies (especially Bitcoin) could become more attractive as an alternative store of value. There are even claims that the Trump family has increased their cryptocurrency investments and that this is intended to benefit from the potential weakness of the dollar.
* Market Sentiment and Speculation: Investors may overreact to news about tariffs, further amplifying price volatility. As political uncertainty increases, speculative trading is also expected to increase.
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