U.S. Maintains Trump-Era Tariffs, Rejects Quick Exemptions for Allies

The Biden administration has signaled no immediate plans to reverse Trump-era tariffs, despite mounting pressure from foreign governments and U.S. business leaders. Trade Representative Greer emphasized the tariffs—ranging from 20% to 50% on imports from Canada, Brazil, India, Taiwan, and Switzerland—are part of a strategic effort to protect American industry and reduce trade deficits.

Market analysts note the tariffs could disrupt global supply chains, potentially driving inflation higher. Cryptocurrencies like BTC and ETH often thrive in inflationary environments as hedges, though broader market sentiment remains cautious amid geopolitical trade tensions.

The WHITE House's hardened stance marks a shift from earlier flexibility seen in EU negotiations. With no tariff relief in sight, businesses may increasingly explore blockchain-based trade finance solutions to mitigate cross-border payment frictions.