US-Japan Deal Put 15% Auto Tariff, E Jam US Makers
President Trump yan talk say dem don reach trade deal between US and Japan wey go put 15% tariff for Japanese cars and auto parts, e lower from 25% wey dem bin talk before, and e go apply for both vehicles and parts. Last-minute talk make Japan commit to invest $550 billion instead of $400 billion. Trump talk say this deal go support hundred of thousands of jobs for US, but local car makers go still face 25% tariff on parts from other countries, make the finished Japanese imports dey more competitive. Crypto traders suppose dey watch how equity market dey waka and how people dey move money enter cryptocurrencies as safe place because this US-Japan deal dey make trade tension high, e fit spoil global supply chains and affect money matters outlook.
Bullish
Trade wahala dem and new tax dem dey usually cause gbege for equity markets, wey make investors dey find oda kind asset. The 15% auto tax wey dey for US-Japan trade deal plus di high investment plans fit increase market wahala, especially for sectors wey connect to di worldwide supply chain. For short term, dis kind gbege fit make people dey buy safe asset like Bitcoin. For longer time, if trade palava still dey, e fit make people get steady interest for crypto as insurance against big risk for geography and money matter. So crypto traders fit see this news as good for market demand.