Following US President Donald Trump claiming that China had violated the trade agreement, the financial markets took place in stocks and crypto assets. Trump said that China was economically difficult, and that his agreement contributed to stability, but China did not comply with this agreement. This development led to anxiety among investors and fluctuations in the markets were observed.
Details of Trump’s statements
Trump said in his sharing on the Truth Social platform that the tariffs he implemented put China in economic economic terms and that they quickly reached an agreement. According to Trump, although the recovery in the markets after this agreement, it was claimed that the Chinese side was not loyal to this agreement.
Donald Trump: “I saw what happened and I didn’t want them for China. I made a quick agreement to save them from a bad situation. With the agreement, everything quickly returned to normal and everyone was happy. But as expected, China completely violated the agreement with the US.”
Following Trump’s statements, instant reactions in financial markets emerged. Especially the US leading stock market indices decreased decreases. BTC has lost thousands of dollars.
On Friday, the Nasdaq Composite Index decreased by 0.32 percent, while the S&P 500 index depreciated by almost 0.0081 percent. In the crypto asset market, the decline was more pronounced and the total market value decreased by more than 4 percent, Bitcoin $103,489.11There was a decrease of more than 3 percent.
Under the direction of Trump, various tariffs were applied against China in April, while China took similar measures. At the beginning of the month, the US administration announced that many tariffs were either removed or reduced as a result of negotiations with China. This step was welcomed in the markets and accelerated the recovery in stocks.
June and tariffs
Tariff negotiations with India, Japan, South Korea, EU and many other countries continue. Since July 9 is the deadline for tariffs, agreements with many countries are expected to be signed as of the beginning of June. Although negativity is dominant in the short term, we can see that fear is disintegrated by signing the agreements. The agreement signed with the United Kingdom in recent weeks showed us that it could be compromised with other countries.
Although the developments are uneasy, we have a lot of justified reason for the rise in crypto currencies in the medium and long term. In June, it is not impossible for crypto currencies to make big surprises and to reach the record levels of the new BTC.
Trump’s charges against China direct global economic actors and investors to act more carefully. Discussions and political explanations on trade agreements can bring short -term fluctuations in financial markets. Investors continue to closely follow the economic reflections of the decisions and statements made. The future of international trade and the course of the markets seem to remain on the agenda for a while with the influence of political developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
