List of Flash News about steel and aluminum tariff increase
Time | Details |
---|---|
2025-06-03 21:28 |
Trump Signs Proclamation Raising Steel and Aluminum Tariffs by 50%: Immediate Impact on Global Markets and Crypto Sector
According to The White House (@WhiteHouse), President Trump has signed a proclamation increasing tariffs on steel and aluminum imports by 50% to strengthen U.S. steel production and national security (Source: The White House, June 3, 2025). This decisive trade policy move is expected to impact global commodities, potentially causing volatility in traditional markets. Historically, heightened trade tensions and protectionist measures have led to increased interest in cryptocurrencies as alternative, borderless assets, suggesting potential upward pressure on major coins like Bitcoin and Ethereum as investors seek hedges against macroeconomic uncertainty (Source: CoinDesk, 2024). Traders should closely monitor crypto market reactions, as increased U.S.-China trade friction could drive both price swings and trading volumes in digital assets. |