Everything imported from China looks to be set to rise in price by 25% as from June1 as a result of tariffs.
What would a 25% rise in $325 Billion dollars worth of trade?
The tariffs would $81 billion dollars worth of taxation do to the USA economy?
Divided by a population of 325million that is a few hundred per person.
Will the USA give up buying Chinese products, will it reduce the sales volumes?
If sales volumes drop then the potential is for the onset of a recession.
Added to the over inflated stock market, a crash may be on the cards.
And of course that investment money has to go somewhere, usually gold, but this time possibly BTC.
These factors could be the reasons for the recent rise in BTC.
June 1 maybe a deadline for some big movements.
Time will tell
https://beincrypto.com/global-recession-imminent-warns-morgan-stanley-good-news-for-bitcoin/
