Michael Saylor Says No Tariffs on Bitcoin as Donald Trump Brandishes Reciprocal Tax
Michael Saylor has again reiterated the decentralized and advantageous nature of Bitcoin in response to Donald Trumps tariff slap.Market participants have been fidgeting over Donald Trumps Liberation Day impact on the crypto market. However, the much-discussed April 2 reciprocal tariff update has quickly flown by with minimal impact on Bitcoin and altcoins compared to some observers anticipations.As nations react to Trumps tariff hike, Strategys executive chairman, Michael Saylor, took to X (formerly Twitter) to emphasize Bitcoins uniqueness amongst other commodities.There are no tariffs on Bitcoin, Saylor stated.No Tariff on BitcoinWhile tariffs negatively threaten a nations broader economy, tangible commodities suffer the most impact. Trumps tariffs are on all physically imported goods, which he justified were reciprocal to charges from other countries.Meanwhile, compared to other commodities, Bitcoin's digital properties have exempted it from the tariff parade. Saylor highlighted the pioneering cryptocurrencys unique advantage in a tweet today, bluntly reminding his over 4.2 million followers of its enviable properties.Nonetheless, the development has adversely impacted Bitcoins price since its inception, creating a divide among prominent market participants over the premier assets position as a store of value. Moreover, market participants argue that higher tariffs would impact the income of retailers and businesses, reducing appetite to invest in Bitcoin and other financial vehicles.Trump Sets Tariff Baseline at 10%The pro-Bitcoin president released details of his reciprocal tariff on Wednesday, noting that they would take effect on April 5. He highlighted those of a few countries in a dashboard he carried along while announcing the new importation levy.Asian countries like China, Japan, Taiwan, and Vietnam, among others, received reciprocal taxes of 34%, 24%, 32%, and 46%, respectively. America did not spare its allies either, brandishing a 10%, 17%, 20%, and 26% tariff on the UK, Israel, the European Union, and India.
Text source: The Crypto Basic
