#TrumpTariffs Historically, the imposition of tariffs by the Trump administration has generated considerable volatility in global markets. While the goal is to protect domestic industries and improve terms of trade, these policies often result in trade retaliations, disruptions in supply chains, and increased costs for consumers and businesses. This can slow down global economic growth and increase the risk of recession.

As for the impact on cryptocurrencies and other risk assets, the uncertainty created by trade wars tends to make investors seek safer assets, such as gold or government bonds. Cryptocurrencies, which are often seen as risk assets due to their volatility, could experience increased downward pressure if risk aversion rises. However, some argue that the decentralized nature of cryptocurrencies could make them a safe haven in a long-term geopolitical instability environment. It is a delicate balance between the fear of recession and the search for alternatives to traditional financial systems.