#TrumpTariffs 1. Impact on Global Markets

Short-Term: Likely more volatility. Markets dislike uncertainty, and tariff announcements often trigger sell-offs—especially in tech, industrials, and consumer sectors. Retaliatory tariffs could escalate tensions, similar to the 2018–2019 trade war.

Long-Term: Outcome-dependent. If tariffs spur new trade deals, markets may recover. But prolonged conflicts could slow global growth, hurt earnings, and drive investors toward safe havens.

2. Impact on Risk Assets

Equities: Export-heavy firms may underperform; domestic names could see short-term gains, though inflation may weigh on profits.

Bonds: Inflation concerns could lift yields, but risk-off sentiment may boost demand for Treasuries, lowering them.

3. Crypto Impact

Upside: Bitcoin could gain as a hedge against fiat risk or capital controls.

Downside: As a perceived risk asset, crypto may drop with equities. Heightened regulation could further dampen sentiment.

• Bottom Line: Expect near-term volatility across markets. Crypto may initially follow risk assets but could benefit longer term if confidence in fiat systems weakens.