#美国加征关税 Trump has spoken again. At noon next Monday, U.S. time, he will officially send a letter regarding tariffs. What's in it? Although he hasn't made it explicit, based on his past behavior and recent hints, it's highly likely he will announce new tariffs or raise existing import tariffs on China or other countries!

Personal Opinion

1. It is inevitable that market risk aversion will rise: Tariffs are synonymous with trade wars. Once it starts, the stock market is very likely to shake. Historical experience tells us that when the market panics, funds flee to gold, the U.S. dollar, and... you know... Bitcoin and other cryptocurrencies! Think about the trade war from 2018 to 2019, Bitcoin occasionally surged against the trend, showcasing its safe-haven properties.

2. Inflation concerns are adding fuel to the fire: The direct consequence of increased tariffs is that imported goods become more expensive, which adds fuel to already high inflation. The Federal Reserve will be even more hesitant to cut interest rates, and the continued high-interest rate environment puts pressure on risk assets. Conversely, assets with strong anti-inflation narratives may be speculated upon.