President Donald Trump has confirmed the implementation of tariffs on Chinese goods, effective November 1st. This announcement, communicated through social media, is expected to significantly impact the market, especially the cryptocurrency sector, leading to volatility in Bitcoin and Ethereum. The move echoes previous trade escalations during President Trump’s tenure, with financial implications that could create liquidity challenges for investors seeking refuge from risk assets. Institutional responses have been observed, with hedge funds reducing exposure as they navigate potential geopolitical turbulence. The decision has sparked a ripple effect across the crypto market, with notable increases in stablecoin issuance on exchanges, though Bitcoin and Ethereum experienced brief sell-offs. Experts warn of heightened market volatility. This announcement is reminiscent of prior trade escalations during President Trump’s 2018-2019 term and will likely trigger a shift towards non-sovereign assets in the financial landscape.