#特朗普关税影响分析 The Trump administration's tariff policy has been likened by some analysts to a "game of cowards," the core of which is to force trading partners to make concessions through maximum pressure. However, such a strategy could easily lead to an escalation of global economic disputes out of control, triggering a chain reaction. Major trading partners such as the European Union and Canada have taken a tough stance, hinting at possible countermeasures, and risk assets will naturally bear the brunt of the serious challenges to global growth if the trade friction turns into a real trade war.

Against this background, the volatility of the cryptocurrency market, as a proxy for risky assets, is further amplified. The introduction of Trump's tariff policy has directly triggered investors' risk aversion. Fears of a slowdown in global growth have led to capital flows from risky assets to safer havens. The fall of cryptocurrencies such as Bitcoin is a direct manifestation of this sentiment.

What is even more worrying is that the Trump administration does not seem to have given much thought to the negative impact of the tariff policy on the economy and the stock market, and even shows a certain "indifference" to the decline of the stock market. The Commerce Secretary's statement also hinted that the United States could retaliate more aggressively if other countries retaliate. This uncertainty makes investors worried about the future economic outlook and adds to the panic in the crypto market.

The Trump administration is expected to impose tariffs on more products, such as automobiles, in April, which means that global trade tensions may escalate further, and the cryptocurrency market may continue to face the impact of external macro factors. Investors should pay close attention to developments, prudently assess risks, and adjust their investment strategies according to their own risk tolerance to cope with more market volatility that may arise in the future.