Freight Technologies Bets $20M on TRUMP Meme Coin as US-Mexico Tariff Tensions Rise
Freight Technologies, a cross-border shipping company, has invested $20 million in TRUMP, the meme coin associated with former U.S. President Donald Trump. This strategic move comes as the firm prepares for potential disruptions from upcoming US-Mexico tariffs.
The investment has sparked debate due to Trump’s significant cryptocurrency holdings and ethical questions surrounding the token. While Freight’s press release mentions interest in AI and Web3, the primary rationale appears to be hedging against trade policy volatility.