Today Trump announced the actual amounts of his tariffs that many country's products will be charged if they get imported into the US. The importers will likely pass some or all of these tariff costs on to the customer. This can slow the US economy possibly into a recession.
The hope is that fooriegn companies will build factories here, avoiding tariffs. Or Americans will buy American made stuff which will cost less since there is noo tariff surcharge. But it will take years for all this to ramp up to where it is net positive for the US economy.
The stock market didn't like the tariffs and is down in futures trading. Crypto is off too, down a couple percent for many tokens including HIVE.
What is the take from YouTube channel Altcoin Daily? In tonight's video they think we'll stay in a range between resistance at 72K and 96K. Watch the 12 minute video which already has 34K views. They still see Bitcoin doing well in the long term. Watch to see why. (Basically rising interest by countries, institutions, and now retirement accounts. Also ease in buying Bitcoin for example with PayPal.)
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What is a Tariff? Who PAYS It?
Watch this 15 minute video for a good answer.
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My Activity
on this day was setting up the new fridge and restocking it from the other fridge. At night I went for a walk without any hoodie or jacket for the first time since last year. It was 70 degrees Fahrenheit out there! The moon was out too. It's less than half full but still pretty bright. There were clouds but the moon's reflected sunlight cut through most of them. My walk included some jogging too. Just something to change it up. I jogged in an uphill part of my path so that magnifies the exertion.
Have a Great Day my friends! ❤️❤️❤️❤️❤️
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70 degrees and jogging under the moon, awesome night lol. The tariffs might slow things down but hopefully it's temporary, I hope it doesn't stretch too long that things get out of hand because it actually can. I'll just get fresh air and move to clear the head. Rest well too man
The issue of tariffs is likely to create more problems but let’s see how it goes
Seems like Donald trump tenure has not gone the way it should be
I seriously don't know what trump has in his head, and this tariff thing is creating a lot of problems worldwide on the economic front.
The economic impact of tariffs is definitely concerning I must say , but it’s great to see you making positive strides in your own health.
Building a factory doesn't take months, but years, by that time Trump government will be ended, I guess most will just wait for that