Donald Trump: "This is pure unfairness!"As the trade war reaches its zenith, nations are imposing higher tariffs on one another's goods. President Donald Trump has once again criticized these international trade policies, claiming that the United States is being treated unfairly.
India has imposed a tariff of over 100% on American cars, making it difficult for American automakers to compete in the Indian market; China's average tariffs are twice as high as those levied by the United States, making it more difficult for American goods to sell in China; South Korea's tariffs are four times higher than US tariffs, further taxing American industries.
According to Trump, these nations must level the playing field so that American businesses can successfully compete in the world market.
It appears that no nation is slowing down as the trade battle reaches its zenith. There could be major repercussions for the world economy if this trade battle worsens.The bitcoin market is also feeling the effects. Cryptocurrency prices are fluctuating as a result of the uncertainty created by the rising tariffs and trade restrictions. Crypto assets may come under further pressure if the conflict worsens, or investors may turn to decentralized financing (DeFi) as a safer option.
What are your thoughts? Should the United States intervene more forcefully? Leave a comment with your ideas!