@katagiri-leo
Trump Tariff Update: Could History Repeat?
In 2018, the US and China locked into a tariff war that lasted 18 months, causing economic losses on both sides. China, a major importer of US products like soybeans, shifted its sourcing to countries like Argentina. The immediate impact was seen in stock and crypto performance—poor short-term results for US steel but overall damage across sectors.
Fast forward to today, we're in the early stages of another tariff showdown, with the US imposing 100%+ tariffs on China. Expect higher consumer prices and inflation as people are forced to pay more for goods. Economic growth could slow down, leading to a tough time for stocks and BTC, possibly resulting in a prolonged range or losses until the situation settles.
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