Trump's Tariff Policies Continue: Yellen Affirms Ongoing Approach

Trump's Tariff Impact: Former President Trump's tariffs, now set at 15% to 20%, are a significant part of U.S. trade policy, creating economic burdens for businesses and consumers, with lower-than-expected revenue generation.

Economic Consequences: The tariffs are estimated to cost American shoppers around $29 billion during the holiday season, leading to inflationary pressures and higher prices for goods.

Bitcoin Market Volatility: The cryptocurrency market, particularly Bitcoin, is experiencing volatility influenced by trade uncertainties, with significant price fluctuations and bearish sentiment among investors.

Historical Context: The current tariff situation draws parallels to historical tariffs like the Smoot-Hawley Tariff Act, which also led to global trade declines and economic strain, raising concerns about future financial instability.