Recently, the global market has been holding its breath, and Trump's tariff policy has finally "dropped the shoe." As soon as this policy was announced, it was like a powerful bomb, directly shaking the global economy to its core. It is clear that the old economic system can no longer keep pace with the new era, and the global economic landscape is about to undergo significant changes.
This policy is a catastrophic disaster for small countries that are already burdened with debt. These countries have weak economic foundations; take Turkey, Argentina, and Egypt, for example. Their economies have been in poor condition, and this time, under the impact of the tariff policy, their situation is undoubtedly more difficult than ever before.
Given the current situation, if you hold currencies from small countries, I suggest you quickly sell them and invest in currencies from major countries, bulk commodities, buy some gold, or even consider Bitcoin. As long as Trump's tariff policy remains unchanged, the currencies of those small countries are likely to depreciate significantly.
Next, capital will certainly make choices to seek profit and avoid harm, withdrawing in droves. At that time, not only those small countries but even economies like the EU, Japan, and South Korea may fall into serious economic turmoil. In my view, the severity of this crisis may far exceed previous ones.
Once the trade war begins, it will be like opening Pandora's box, only making the situation worse. The high tariffs imposed by the U.S. on Vietnam and Cambodia will surely hit the economies of these two countries hard. Moreover, the prices of Vietnamese goods in U.S. supermarkets will also rise, increasing the cost of living for American citizens.
In the long run, I believe the demand for stablecoins will continue to rise. Historically, whenever small countries face an economic crisis, their currencies are inevitably affected. In such cases, people often increase their holdings of stablecoins like USDT and USDC, or choose super-sovereign currencies like Bitcoin and Ethereum for hedging.