Trump’s Tariffs Spark Global Uncertainty, Impacting Crypto Markets

President Trump is expected to announce new tariffs targeting major economies like Japan, China, Canada, and the European Union, marking a shift in US trade policy that has ignited market volatility. While these tariffs are intended to further isolate certain countries, they have unexpectedly fostered stronger alliances among them. Notably, China, Japan, and South Korea held a meeting to solidify regional trade ties following Trump’s announcement, suggesting a counterintuitive effect of increased collaboration amidst geopolitical tension. This uncertainty is particularly significant for the crypto market, as riskier assets are anticipated to remain under pressure in the short term. Global macroeconomic factors, including rising inflation and fears of an imminent recession, further amplify the volatility affecting digital currencies.