#TrumpTariffs

Trump announces new tariffs starting from 1/8, ranging from 10–70% on many items, causing a sharp decline in US stocks (S&P 500 down ~0.6%) and a weakening of the USD. Bitcoin is also sensitive: BTC decreased ~0.8% as trade tensions resurface, with capital flowing out of risk assets ().

If negotiations make progress before the deadline of 9/7, the market may recover; otherwise, there is a risk of a deep correction for crypto and stocks. Investors should monitor price action around the $106K–$110K level for BTC.