BITPRISMIA
U.S. President Donald Trump's threat to impose a 35% tariff on the European Union could have significant economic repercussions, potentially leading to trade tensions and affecting businesses and consumers on both sides.
The Korean Won has weakened past the 1,400 mark against the U.S. dollar, reflecting underlying economic challenges and global financial dynamics, with potential implications for South Korea's economy and the cryptocurrency market.
Federal Reserve Chair Jerome Powell warns that tariffs contribute significantly to core inflation, estimating their impact at 30-40%, highlighting the broader economic consequences of trade barriers.
The U.S. has imposed an additional 40% tariff on goods from Brazil, raising the total tariff rate to 50%, which could significantly impact trade, economies, and potentially influence the cryptocurrency market.
President Trump's August 1 tariff deadline announcement, part of his 'America First' trade policy, could impact the broader economic landscape and the crypto market, potentially increasing volatility.
Taiwan's life insurers are facing significant financial challenges due to mounting foreign exchange (FX) losses, which are impacting their net worth, profitability, and regulatory capital ratios.