International Trade Dynamics Shift as November Approaches

With nearly a year since Trump clinched the presidency, the economic ripples emanating from his administration’s policies continue to be felt. As the election campaign unfolded last year, many awaited remarks on cryptocurrency from Kamala Harris. However, it was Trump who emerged victorious, subsequently influencing the crypto market through his economic decisions. His family’s financial gains were noteworthy, augmented by strategic tariffs that modulated market fluctuations.

How Do November 1 Developments Impact Cryptocurrencies?

November 1 is pivotal for the cryptocurrency landscape, especially as the US implements a 155% tariff on Chinese imports. China, eyeing “export restrictions,” leaves NVIDIA facing a significant market loss. Their clampdown on AI chip sales has China declaring, “We no longer want them,” indicating a decisive stance.

China’s planned cessation of rare earth element sales, critical for technological manufacturing, poses a severe challenge to the US. The US’s reciprocal heavy taxation of imports and exports adds to the strain. Moreover, the Netherlands’ action of confiscating a Chinese company’s assets signals that such measures are not isolated to the US alone.

Are Tariff Revenues Beneficial for the US?

Trump regards the tariff revenue influx as a triumph, seemingly indifferent to who bears its cost. He plans to distribute this windfall in $1,000 to $2,000 checks to Americans. Tariff-derived income reveals robust growth each month, shooting up by $22.4 billion to a record $29.7 billion in September. This revenue stream has experienced a consistent seven-month upswing.

“In the fiscal year 2025, customs revenues increased by $118 billion annually to a record $195 billion, marking a significant increase since 2018. At this rate, revenues may surpass $350 billion in 2026.” – TKL

Key takeaways include:

• November 1 actions could either result in a third agreement or heighten global turmoil.
• Trump’s tariffs may reshape the traditional trade rules, evident in the rising US customs revenue.
• Discontent between China and the US over resource control and market restrictions continues.

The potential outcomes of these economic maneuvers could dramatically shift global market dynamics, with cryptocurrencies poised at the intersection of these monumental changes.