At the same time, Trump escalated his tariffs on Chinese goods from 104% to 125%, the Financial Times reported on April 9.“President Trump’s tariff escalation marks a significant inflection point for global markets,” a move that signals “more than a trade disagreement,” said Teddy Pornprinya, co-founder of Plume, a layer-1 blockchain focused on tokenized real-world assets.
Related: Bitcoin’s safe-haven appeal grows during trade war uncertaintyTariffs are “US bargaining tool,” not lasting policy shiftDespite investor concerns, analysts at crypto exchange Bitfinex said the tariff hike may not represent a long-term policy shift.“We believe, however, that the threat of tariffs by the current US administration is a negotiating tool to be used to persuade other countries to lower tariffs on American manufactured goods and services and are unlikely to become permanent policy,” they told Cointelegraph.
He added:“It exposes deeper fractures in the global monetary system.”With both the US and China facing what he described as unsustainable debt levels, Pornprinya warned of increased reliance on inflationary tools, including the potential depreciation of the Chinese yuan.“These dynamics will test the resilience of every asset class” and inspire greater adoption for tokenized credit and private yield products that “aren’t exposed to sovereign devaluation games,” he said.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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