#美国加征关税 1. The rise of market hedging sentiment is inevitable: Tariffs are synonymous with trade wars. Once it starts, the stock market is likely to shake three times. Historical experience tells us that when the market panics, capital tends to flee to gold, the US dollar, and... you know... cryptocurrencies like Bitcoin! Think about the trade war period from 2018 to 2019, Bitcoin occasionally surged against the trend, which was its hedging property in action.

2. Inflation worries fuel the fire: The direct consequence of imposing tariffs is that imported goods become more expensive, which adds fuel to the already high inflation. The Federal Reserve is even more hesitant to cut interest rates, and a high interest rate environment continues, putting pressure on risk assets. However, on the flip side, assets with strong anti-inflation narratives may be brought out for speculation.