Here we go again, Trump has once again "temporarily changed his mind," postponing the new tariffs originally set to take effect on August 1 to August 7.
This is not the first time he has "said one thing and done another." What the market fears most is not interest rate hikes, not policies, but this kind of back-and-forth.
The official reason for this delay is: U.S. Customs is not prepared, and the new agreement is still under negotiation—put simply, it’s a way of releasing news while testing the waters. Although this eases tensions in the short term, the “sword of Damocles” still hangs overhead.
The delay is merely a pause, not a cancellation. Pressure on exporting countries has eased temporarily, especially for countries like Mexico, Japan, and South Korea that have reached agreements, but many other countries still face new tariffs of up to 40%. Multinational companies and supply chains will have to reassess.
This is a typical "Trump effect": first, he makes strong statements to suppress the market, then delays to alleviate panic. The Nasdaq rebounds in the short term, commodity futures fluctuate more, but medium-term uncertainty rises.
Don’t forget, with every escalation of trade tensions, U.S. Treasuries, gold, and BTC are all safe-haven tools. Policy delays may temporarily dampen sentiment, but the trend of capital seeking "defensive allocation" remains unchanged.
The delay is just an extension of the game; the real policy implementation is still up in the air. What’s most important now is not to get "ground down" in the back-and-forth between bulls and bears. Remember this: what the market fears is not bad news, but repetition.
The variability of tariffs directly affects the direction of the dollar and liquidity allocation. When the dollar is strong, BTC is often under pressure; when funds seek safety and flow into crypto, it usually signals a turning point after a downturn.
Currently, BTC is fluctuating weakly, the daily level rebound is hindered, and there’s a lack of volume. The main players are temporarily holding back, possibly waiting for "more clear signals." At this stage, it’s more suitable to try light positions rather than heavy investments.
