$BTC At the same time, the Trump administration is also pushing for bilateral trade deals with major economies like India, South Korea, and Japan. The goal is to strengthen America’s economic position but these moves could also raise tensions in global trade even further.

Hayes: Volatility Is Just Getting Started

Arthur Hayes has repeatedly called for the Fed to switch from quantitative tightening (QT) to quantitative easing (QE). But with inflation still a concern and interest rate cuts now unlikely, that shift seems far off.

With Trump’s tariff strategy shaking up traditional markets, crypto is entering another phase of heightened volatility. Hayes’ warning comes at a critical time for traders trying to navigate this evolving landscape.

The Bottom Line

Trump’s new tariff plan is already sending shockwaves across global markets. From equities to the dolla, and now crypto, volatility is back in a big way. As the July 9 deadline approaches, investors should prepare for more turbulence ahead.