Recently, the global market has been holding its breath, and Trump's tariff policy has finally 'dropped the shoe.' As soon as this policy was announced, it was like a powerful bomb that directly disrupted the global economy, making it clear that the old economic system can no longer keep up with the pace of the new era, and the global economic landscape is about to undergo significant changes.
This policy is a devastating disaster for small countries that are already burdened with debt. These countries have weak economic foundations; take Turkey, Argentina, and Egypt, for example. Their economies have been struggling, and this time, under the impact of the tariff policy, their situation is surely tougher than ever before.
Given the current situation, if you hold the currencies of small countries, I suggest you quickly sell them off and invest in the currencies of larger countries, bulk commodities, buy some gold, and even consider Bitcoin. As long as Trump's tariff policy does not change, the currencies of those small countries are highly likely to depreciate significantly.
Next, capital will definitely make choices to seek profit and avoid harm, and will withdraw en masse. At that time, not only will those small countries be affected, but even the economies of the EU, Japan, South Korea, and others may fall into serious economic turmoil. In my view, the severity of this crisis may far exceed that of the past.
Once the tariff war starts, it's like opening Pandora's box, which will only make things worse. The high tariffs imposed by the U.S. on Vietnam and Cambodia will certainly hit their economies hard. Moreover, the prices of Vietnamese goods in American supermarkets will also rise, increasing the living costs for American citizens.
In the long run, I believe the demand for stablecoins will continue to rise. Looking back at history, whenever a small country's economy faces a crisis, its currency is inevitably affected. In such situations, people often increase their holdings of stablecoins like USDT and USDC, or choose super-sovereign currencies like Bitcoin and Ethereum as a hedge.
