If Trump announces the implementation of reciprocal tariffs, the impact will be significant, further increasing the risk of stagflation/recession in the U.S., putting pressure on U.S. stocks and the dollar.
Conversely, U.S. stocks, the dollar, and the cryptocurrency market may rebound. The greater the increase in tariffs, the higher the likelihood of retaliation from the other side, and the tariff war will continue to evolve;
The lower the clarity of policies, the more ambiguous space exists, and the uncertainty of tariff policies will also be higher;
Trump, can you just calm down? Hurry up and get it over with.