This plan is highly likely to exacerbate global trade tensions. The United States' unilateral 'either accept or give up' approach to imposing tariffs undermines trade rules and will make trade partners resentful and resistant. For the United States, there may be short-term negotiating leverage, but it will harm its own economy and international image in the long run.

The global market will be under pressure as a result, with increased volatility in the stock and currency markets. The sentiment in the cryptocurrency market will also be affected, leading to heightened risk aversion among investors, capital outflows from the crypto space, and potential declines in coin prices.