Well, his unexpected impact was that the crypto market took a trump dump, which now directly impacts his interests, so he had to "think" a little longer on tariffs. He is trying not to shoot himself in the other ear.
Like this:
>>>Meme coins plummeted over the weekend as President Donald Trump
signed long-threatened tariffs on Mexico, Canada and China, kicking off a trade war that caused investors to dump risk assets worldwide.
Trump's own meme coin, dubbed
Official Trump, which launched a little more than
two weeks ago, was last down 15% to $17, according to CoinGecko. It rallied to a high of about $73 the weekend of its launch before crashing 50% on Inauguration Day.
The biggest and most popular meme coins,
dogecoin and
Shiba Inu, lost about 14% each.
Pudgy Penguins was down 13%, while
dogwifhat tumbled 26%.
Meme coins as a group have dropped 17% over the past 24 hours,
according to CoinGecko.
The drop began Saturday evening after Trump signed an order
imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China. The U.S. does about $1.6 trillion in business with the three countries.
"Every coin that recently rallied through January, including memes like [dogecoin], have essentially handed back most of their gains," said James Davies, CEO and co-founder at trading platform Crypto Valley Exchange.
"Crypto is fundamentally about freedom to make and conduct trades, which runs counter to the global political narrative of the last week," he added. "As a community, we are pro free-trade … when that is being restricted, many investors are risk-off in terms of their holdings. This massively impacts the alt coin market." ...<<<
