Tariffs have been supposed to guard American companies. As a substitute, they’ve fueled a monetary escape route that Washington can’t cease — crypto
We’ve seen this film earlier than. In Trump’s first time period, tariffs have been a wrecking ball. The objective? Punish China, carry manufacturing again, and make America extra self-reliant. However that’s not what occurred.
Farmers acquired crushed. China hit again with its personal tariffs, choking U.S. agriculture exports. A $28 billion bailout was wanted simply to maintain them afloat.American customers paid the worth. Companies didn’t eat the prices — they handed them on. Costs rose, inflation ticked up, and the commerce battle harm the folks it was supposed to assist.Bitcoin surged. Each time financial uncertainty hit, BTC turned the security internet for traders fleeing conventional markets.
Now, Trump is again and doubling down on tariffs — this time, even larger. However this isn’t 2018 anymore. The world has modified. Crypto is not a fringe thought — it’s a $2 trillion market. And simply as the federal government begins taking part in the identical previous tariff recreation, USDC simply crossed $50 billion in market cap. That’s not a coincidence.
