China completely does not care about the United States this time, directly going head-to-head, the decoupling of the Chinese and American economies is accelerating, and this 'trade cold war' is becoming more profound, both sides may head towards a more thorough 'de-dollarization' and localization of supply chains.
The crypto market fears tightening of the dollar the most, as this will cause capital to flow back to U.S. Treasury bonds, worsening liquidity, and those altcoins will be sold off.
Increased tariffs = rising inflation pressure = the Federal Reserve dares not cut interest rates = bearish for BTC
Or
Increased tariffs = greater recession expectations = bearish for BTC
Basically judging that we have entered a spiral downward trend 😮💨, stay safe everyone!