Trump’s 10% Tariff Proposal: Impact on Global Markets

President Trump has proposed a 10% tariff baseline for trade between the U.S. and the UK, sparking uncertainty about its potential impact on global markets. While this rate is intended as a starting point, it could significantly reshape international trade dynamics, potentially increasing cross-border tensions and necessitating adjustments to existing agreements. The immediate response from cryptocurrency markets has been minimal, with digital asset platforms like Binance and Bitget remaining relatively unaffected. However, historical tariff announcements have traditionally triggered market volatility in traditional sectors, raising questions about the long-term impact on cryptocurrencies.