CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Will Trump's Tariffs Tank the Crypto Markets?
Feb 26, 2025
James Van Straten, a Senior Editorial Analyst at CoinDesk, provides keen insights into the toll U.S. import tariffs on Canada and Mexico could take on the cryptocurrency markets. He discusses how these tariffs may trigger economic turbulence, drawing parallels to the pandemic's financial shock. The conversation delves into the current struggles of Bitcoin amid bearish trends and the complex relationship between investor sentiment and geopolitical factors. Overall, it’s a thought-provoking analysis of how global events push and pull the crypto landscape.
AI Snips
Chapters
Transcript
Episode notes
Tariffs and Inflation
- The market suggests tariffs aren't inflationary, contradicting some arguments.
- Bond yields are down and services are contracting, hinting at potential stagflation.
Global Economic Outlook
- Interconnected global economies show different trends, with inflationary pressures in the West and deflation in China.
- Geopolitical uncertainty, including Trump's peace deal attempts, adds to market concerns.
Impact of Tariffs
- Tariffs essentially tax workers, impacting economic growth.
- The US administration's limited options and large deficits might explain their choice to implement tariffs.