On May 23, 2025, local time, Trump stated on social media that he suggested imposing a 50% tariff on the EU starting from June 1, and also mentioned that if iPhones sold in the U.S. are not produced in America, a tariff of at least 25% will be imposed on them. This policy had the following impacts on the cryptocurrency market and the A-share market: Impact on the cryptocurrency market: From the perspective of market risk aversion and capital flow, after the announcement, Bitcoin plummeted over $4,000 from its high on May 22. This may be due to increased market uncertainty, decreased risk appetite among investors, and some capital flowing out of the cryptocurrency market. Trump's tariff policy triggered turmoil in the global market, making investors more cautious towards risk assets. The cryptocurrency market, being overall high-risk and lacking effective regulation, is prone to sell-offs during times of heightened market risk aversion. Impact on the A-share market - Short-term volatility: Due to the interconnectedness of global financial markets, after the announcement of Trump's tariff policy, global risk aversion is likely to rise, which may lead to short-term outflows of foreign capital, putting some pressure on A-shares and causing short-term fluctuations in indices and individual stocks. However, based on previous similar events, the A-share market has shown some resilience. For example, in April 2025, after Trump signed the executive order on 'reciprocal tariffs' that caused a sharp decline in U.S. stocks, the A-share market gradually stabilized and rebounded under a series of policy supports. - Industry differentiation: - Export-related industries: The tense trade relations between China and the U.S. and between the U.S. and the EU will impact A-share companies with significant export business, especially those exporting to the U.S. or the EU. For instance, if the EU reduces imports due to U.S. tariff policies, then domestic related manufacturing and textile industries that export to the EU may see a decrease in orders, affecting their performance and possibly leading to a drop in stock prices. - Defensive sectors: Sectors like gold are likely to benefit. From the performance on the 23rd, international gold futures prices rose, and gold-related stocks in the A-share market may also attract capital, as gold is highlighted as a safe-haven asset amid increasing uncertainties such as trade frictions. - Technology sector: Trump's tariff demands on companies like Apple reflect, to some extent, the impact of trade protectionism on the supply chain of the technology industry. Buy EOS, as EOS is expected to experience a big breakout. Transform into A.#EOS ecosystem.