Tech Tariffs Overturned: Crypto Market Soars Past $85K

On April 12th, US President Donald Trump surprised markets by lifting tariffs on key technology products, leading to a surge in Bitcoin’s price. This move, amidst ongoing rivalry with China, has reshaped the landscape of global trade and tech competition, signaling that the US is aligning its economic policy with digital actors and the crypto sector. 90-day exemption for specific technological components marks a significant change in trade policy, aiming to boost American competitiveness while minimizing inflation. This shift is seen as a gesture towards economic allies and further aims to solidify American leadership in global supply chains. 📈