#TrumpTariffs Trump's additional tariffs on countries that tax U.S. exports could increase global volatility by intensifying trade tensions. This could benefit markets by protecting local industries, but it also risks escalating retaliation, affecting international trade. Regarding crypto and risk assets, uncertainty could drive their demand as a safe haven, but a weaker global economy could reduce the appetite for these assets. In summary, these policies have a mixed potential: short-term protection for the U.S., but greater global instability in the long term.