$BTC
On the surface, the tariffs imposed by the United States appear to be meaningless, but the shift of manufacturing to China over the past few decades has impacted the American middle class. It is not difficult to see that the tariffs imposed during the Trump era on multiple countries were intended to pressure China; they were not meant to generate tariff revenue, but rather to use tariffs as leverage to encourage other countries to exclude Chinese products, possibly in exchange for lower tariffs, expanded trade, or security guarantees. It is highly likely that the United States will negotiate with multiple countries in the future.
In terms of the market, the rebound in the cryptocurrency market after the 90-day suspension of tariffs has been weaker than that of stocks, still falling within a bear market rebound. The market may view the agreements between the US and various countries as positive news, but China's countermeasures will make the market realize that a trade war could lead to a capital war or hot war. Currently, we are in the early stages of a "century change" and need to prepare for possibilities such as China's participation in negotiations, Trump's retreat, and the intervention of the US Supreme Court changing the situation.
Despite the 90-day suspension of tariffs, the market still lacks a long-term plan. If relations between major powers become tenser and the economy deteriorates, a decline in market prices is expected, and the Federal Reserve may implement quantitative easing, which will become a critical opportunity for investors to allocate risk assets like Bitcoin.
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