Hassett Discusses Trump Tariff Alternatives and Market Implications
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Tariff Alternatives: White House economic advisor Kevin Hassett revealed on January 9 that the Trump administration has 'alternative options' regarding tariffs that could be activated quickly, potentially influencing U.S. trade policy and market sentiment amid legal challenges.
- Legal Review Impact: The U.S. Supreme Court is currently adjudicating tariffs imposed by Trump under the International Emergency Economic Powers Act, and a ruling against these tariffs could shrink federal revenue, impacting Trump's promise of a $2,000 citizen dividend.
- Market Uncertainty: Hassett's remarks underscore the potential impact of the upcoming legal decision on market sentiment, particularly in the cryptocurrency sector, where overall economic stability may be affected despite no direct ties to crypto.
- Economic Volatility Expectations: Insights from the Coincu research team suggest that the outcome of the tariff case could lead to fluctuations in both crypto and traditional markets, with each government action holding the potential for ripple effects across the global economic landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
