Coin Stories News Block: Global Markets Tank on Trump Tariffs as Trade War Escalates, Treasury Sec. Bessent Predicts “Grand Economic Reordering,” Fidelity Unveils No-Fee Bitcoin IRA
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Apr 7, 2025 Global markets are in turmoil as trade wars escalate, raising questions about tariffs and their impact on the economy. Secretary Bessent predicts a 'grand economic reordering.' Amid this chaos, Bitcoin shines as an alternative asset, with Fidelity launching a no-fee Bitcoin IRA. Additionally, new ETFs linked to Bitcoin stocks are making waves, and there’s a notable increase in venture capital investment in Bitcoin-native startups. It's a landscape reshaped by uncertainty, yet ripe with opportunities.
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Market Meltdown on Tariffs
- Global markets tanked on Trump's new tariff regime, impacting stocks significantly.
- The S&P 500 neared bear market territory due to the uncertainty and potential economic consequences.
Trade Wars and Global Monetary Order
- Geopolitical strategist Marco Papic warned about trade wars' ineffectiveness in a multipolar world.
- Luke Gromen's predictions about the tariffs' impact on the global monetary order proved accurate.
Differing Perspectives on Tariffs
- Not everyone is bearish on these tariffs, with some believing they could revitalize U.S. manufacturing.
- The EU's offer of a zero-tariff deal suggests potential for diplomatic solutions.