Trump's 90% tariff and 10% corporate tax policy may have the following impacts on the market:
Short term: Global stock markets decline, dollar volatility, rising consumer prices, corporate layoffs, and supply chain disruptions.
Medium term: Escalation of the China-U.S. trade war, slowdown in global economic growth, and China may introduce stimulus plans.
Long term: Restructuring of supply chains, potential further challenges to the dollar's reserve status, and the cryptocurrency market may benefit from safe-haven demand.