Bitunix analyst: Trump expands global manufacturing tariff threats, crypto markets generally pull back, still maintains long structure

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On May 24th, the US President Trump publicly stated that he will no longer seek a new trade agreement with the EU and plans to impose tariffs up to 50% on EU goods imported to the US, unless companies move their manufacturing bases to the United States. At the same time, companies like Apple and Samsung will also face a 25% heavy tax, expected to be implemented by the end of June, fully promoting the strategy of "manufacturing return to the US". On the EU side, while expressing willingness to cooperate and maintain dialogue, they strongly emphasized that they cannot accept unilateral threats. Japan hopes to reach a consensus with the US before the G7 summit to avoid being included in the tariff penalty list.

Bitunix analyst suggests: This statement marks a more protectionist and unilateral suppressive US foreign trade policy, which may trigger drastic changes in the global manufacturing and trade landscape, and will also intensify financial market volatility and the reallocation of hedging funds. Investors should avoid heavy positions in high-volatility Altcoins, and be more cautious as uncertainty returns to the market. In the coming week, it is recommended to closely observe further changes in US policies and the responses from the EU and Japan as a basis for direction.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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