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When Trump began slapping tariffs on other nations, many thought it was just a tactic to pressure China. But it quickly became evidentâthis wasnât just about trade. It escalated into a full-blown geopolitical spectacle, with tariffs wielded more like weapons than economic levers.
Rather than shrinking the trade deficit, the tariffs backfired: prices climbed, farmers grew uneasy, and factories shuttered. The shockwaves were realâWall Street shook, markets tumbled, and investors lost their nerve.
Corporate leaders raised red flags, warning of rising uncertainty. Some even claimed, âWeâre already in a recessionâwe just havenât noticed yet.â Markets descended into chaos.
And hereâs the twist: When countries like the EU and Vietnam offered to ease tariffs in a show of diplomacy, the Trump administration refusedâaccusing them of hidden trade âcheating.â Thatâs when it became clear: this wasnât about fairness. It was about rewriting the global rulebook to suit America's goals.
Ironically, while much of the economy took a hit, defense stocks soared. As global trust in U.S. leadership eroded, European nations ramped up military spendingâgiving a boost to the very U.S. defense industry fueled by the chaos.
Bottom line: This wasnât typical economic policyâit was Trump-style power projection. And while the worldâs superpowers played geopolitical chess, small businesses and everyday people bore the brunt.
So if cryptoâs looking shaky right now, it tracksâinvestors seek anything that feels stable when the worldâs in flux.
Modern trade wars arenât just about goods. Theyâre about dominance, strategy, and survival.