Trump Show Tariffs Money Wey Go Help America Motor Business As Import Duty Dey Go Up
Former U.S. President Donald Trump don announce new money incentives wey go fit reduce the problem wey the 25% tariffs wey dem just put on imported cars and important car parts bring. Under the plan wey dem sign on April 29, car companies wey import parts or assemble cars for inside United States fit claim refund of up to 3.75% of the car price for the first year, e go reduce to 2.5% for the second year. This one go help small with the tariff for cars wey dem assemble for inside the country. Another 25% tariff on important car parts go start from May 3, wey go make costs higher for both U.S. and international manufacturers. This policy na to make the U.S. car supply chain stronger, make industrial competition better, and reduce costs wey dey related to tariffs. The changes fit make the price of cars for people go up and cause unstable market for industry and related money markets, with possible effect on crypto assets wey dey connected to car technology and U.S. trade policy.
Neutral
Dis policy change wey dem do na to reduce how tariff go affect US car business. E go give car makers small rest for short time, but e fit make car price for pipo plenty and spoil how dem dey bring tins come. For crypto market, wetin e do no dey direct: if tins dey shake for places wey connect to car business, e fit small small affect crypto wey get hand for car tech or wey sabi US trade wahala. But dem no add any new rule or make pipo want crypto pass before. So, straight away, crypto price no change, but traders suppose watch if anoda wahala go join as tins dey move.