Robert Kiyosaki Warns of Bitcoin Crash Followed by Trump Tariffs

• Robert Kiyosaki predicts Bitcoin crash to follow Trump tariffs. 
• Trump tariffs from Mexico, Canada, and China, will begin today. 

As Donald Trump’s presidency began on Jan 20 in the United States, it is going to bring some significant changes into international trade and finance. Trump has been threatening to implement the new tariffs on neighbour countries for the past few weeks. They are finally going to be implemented from today, Feb 01. 

Renowned personality Robert Kiyosaki made a statement today on the new Tariff system. He warns of a major crash in Gold, Silver, and Bitcoin markets. However, Kiyosaki looks at market crashes as opportunities to buy assets at lower prices. He even revealed his plans to buy more after the prices crashed. 

The real problem highlighted by the Rich Dad Poor Dad author is “Debt”. He stated that Debt issues will get worse as the new tariff system becomes effective. Kiyosaki is popular for his bold statements when it comes to financial markets and investment advice.

Trump to Impose Heavy Tariffs on Goods from Mexico, Canada, and China

The new tariff system includes hefty taxes on imported goods from neighboring countries. In his recent statement, Donald Trump said he would impose new tariffs of around 25% from Mexico and Canada. Furthermore, China will face 10% tariffs from today. Trump’s statement includes, “tariffs are coming and nothing can forestall them.”

Meanwhile, the new tariff system received attention in the mainstream media, with industry officials forecasting significant issues in international finance. Trump also indicated wider tariffs on oil and natural gas from the next few weeks, which could send oil prices higher. 

Public Policy Chief at the Canadian Chamber of Commerce, Matthew Holmes stated, 

“President Trump’s tariffs will tax America first. From higher costs at the pumps, grocery stores and online checkout, tariffs cascade through the economy and end up hurting consumers and businesses on both sides of the border.”

However, Trump is popular for his own ways of imposing rules and regulations. He is never seen following conventional ideas, having the determination to make “America great again.”

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