#TariffsPause In recent weeks, President Donald Trump's administration has reignited the trade war with China by imposing import tariffs of up to 145% on many products from the world's second-largest economy. In response, China has also launched strong retaliatory measures, causing global supply chains to continue to be disrupted and the cost of goods to soar.

As a result, the global economy is facing a clear risk of recession: the IMF has lowered its global growth forecast to 2.8%, while analysts warn that U.S. GDP could decline by 6% if the tariff war drags on. Inflation is rising, consumer spending is weakening, and the risk of shortages of goods returning, reminiscent of the pandemic period, looms.

Not outside this whirlpool, the cryptocurrency market has witnessed a strong sell-off immediately after Trump announced the new tax policy. Ethereum (ETH) dropped more than 20% in a few days, leading to a wave of liquidations exceeding $2.2 billion across the market. Although there were slight signs of recovery when Trump signaled he would 'pause' some tariffs, investor sentiment remains skeptical and cautious.

Trump's continued use of tariffs as a bargaining tool not only destabilizes traditional markets but also puts risk assets like crypto in a difficult position. Ethereum – one of the largest blockchains in the world – is facing dual pressures: from the macroeconomic environment to declining investment flows.