Is crypto going to cross over into the foreign exchange circle?

How does the US tariff policy actually affect the B circle?

The US tariff policy accurately affects all equity assets. This is because the exchange rate represents a trade war and assets are subject to geopolitical panic.

Capital will withdraw from equity funds to buy stable assets like gold and crude oil.

However, I don't really believe that Trump's global tax increase excludes China, because the US is simultaneously facing inflationary pressures.