Trump currently feels quite good about himself, as global finance dances to his tune 💃🏻.

Last night's 30 minutes of fiery rhetoric directly scared the U.S. stock market, with Nvidia dropping 9 points, losing a valuation of $900 billion, and Bitcoin also made a big dip.

During the announcement that TSMC (TSM.N) will invest $100 billion in the U.S., he stated that the U.S. will impose a 25% tariff on Canada and Mexico on the 4th of this month, claiming that there is no room for negotiation with these two American allies. The Canadian Foreign Minister responded by stating that they are prepared to impose tariffs on $155 billion worth of U.S. goods. In addition, Trump also mentioned that starting April 2, the U.S. will implement reciprocal tariffs and impose tariffs on countries that engage in currency devaluation as a form of sanction.

The international trade war is about to break out, and major funds are hurriedly securing their positions, as this implies uncertainty. Many people are starting to bet on a U.S. stock market crash, with the panic index VIX soaring by 16%.

It's tough for Bitcoin 🫓 and the cryptocurrency market, which are gradually becoming more like the U.S. stock market.