Trump donbolu steel tariffs to 50%, wey dey make inflation wahala and trade fight scatter scatter
US President Donald Trump don sign one order wey go make steel tariff go 50%, na double of wetin e be before. Dem say na to make US manufacturing better and for national security. UK still dey exempted temporarily for the original 25% rate because of ongoing talks, but most other countries go face the full tariff. Dem expect say this policy go make US steel producers strong, but e fit cause plenty inflation risk for industries wey dey depend on imported steel like car and building sector, wey fit make consumer prices go up because of higher production cost. Industry analysts don warn say trade tension go increase, dem fit retaliate from trading partners, and global supply chains fit scatter. Treasury yields no change after the announcement, meaning say no immediate wahala, but analysts expect say inflation go build up as businesses adjust their supply chains and pricing. The previous 25% tariff for 2018 bring mixed results, and experts dey talk say this latest move fit cause uneven impact across different sectors and producer price indices fit go up. This increase in protectionist policy fit reshape market dynamics and supply chains, wey go cause ripple effects for equity, commodity, and cryptocurrency markets as traders dey respond to increased risk and uncertainty. Crypto traders suppose dey monitor the macroeconomic environment and market sentiment well, because volatility in traditional markets fit affect digital assets.
Neutral
As the US steel tariffs double, e fit cause higher money wey dem go spend and inflation for some industries, but di financial market no too shake, bond yields still steady after dem announce am. Di big-big economic effects of di policy – like price go high and supply chain go get wahala – fit later affect stock and commodity markets, but di direct effect on cryptocurrency market no clear say e go rise or fall now. Before before, if protectionism and trade wahala dey plenty, e fit make people no wan take risk, wey fit make demand for alternative assets like crypto go up. But, dis kind spillover effects usually no dey direct and e depend on big economic changes and if market still dey shaky for long. So, for now, di expected effect on crypto prices still neutral, but traders gats dey alert for late and second-order effects if global wahala increase.