The Coin Rise 2025-04-13 08:00:57

Trump’s Tech Tariff Relief Boosts Bitcoin Amid Trade War Uncertainty

President Donald Trump has rolled back a chunk of his hardline tariff policy, delivering welcome news to the tech sector—and by extension, to digital assets. Trump’s administration announced a sweeping exemption for smartphones, chips, storage devices, modems, semiconductors, and other critical tech components from the reciprocal tariffs that had previously shaken markets. Crypto Markets Cheer Policy Reversal The 90-day pause, confirmed by U.S. Customs and Border Protection, also reduces the tariff rate to 10% for countries that haven’t retaliated against U.S. goods, signaling a softening of the administration’s stance amid ongoing trade tensions. This shift has sent ripples through financial markets, particularly benefiting large-cap tech companies and triggering renewed interest in risk assets like cryptocurrencies. “The tech industry just got a shot in the arm,” noted The Kobeissi Letter in an April 12 post on X. “Large-cap technology companies will ultimately come out ahead when this is all said and done.” Bitcoin broke past the $85,000 mark on the same day—rising 9% in response to the tariff pause. Tech Stocks and Crypto Rebound Together Historically, crypto markets have followed the lead of high-growth tech equities. With the tariff freeze alleviating pressure on tech stocks, the crypto rally may be more than just a knee-jerk reaction. Some market analysts suggest this could be the beginning of a broader bullish trend for both sectors, as investor appetite for risk rebounds. Raoul Pal, a prominent macro trader, interpreted the move as part of Trump’s broader negotiation playbook. “This is classic posturing,” he remarked, viewing the tariff measures not as long-term economic policy, but as leverage in a bid to secure a favorable trade deal with China. Still, not everyone sees the glass as half full. Bitcoin evangelist Max Keiser cautioned that the tariff rollback does little to stem broader economic concerns , particularly around U.S. debt. “This doesn’t reverse the direction of rising bond yields,” Keiser warned, citing continued erosion of confidence in U.S. bonds and the dollar. Indeed, the yield on 10-year U.S. Treasury Bonds spiked to around 4.5% on April 11—an indicator that investors remain wary of deeper systemic risks. The post Trump’s Tech Tariff Relief Boosts Bitcoin Amid Trade War Uncertainty appeared first on TheCoinrise.com .