U.S. stock markets are currently functioning similarly to cryptocurrency exchanges, with declines reaching nearly 5%. Bitcoin (BTC) 
$77,690 mirrors this downward trend. The market has lost hope for an end to ongoing tariff actions in the short term as Trump implied indifference towards a potential recession.
Continued Decline Ahead
The risk of a global trade war does not seem to intimidate Trump. He appears unconcerned about the U.S. entering a recession, disregarding deteriorating relations and potential trust issues from other nations. In a public rebuke, he has urged Ukraine to either find a protective ally in the EU or request financial support.
Rising Tariffs and Negotiations
Additional tariffs are being imposed on China, while comprehensive customs tariffs continue to be developed for nearly all countries. While tariffs on China are set to increase by 20%, China retaliated by imposing 10-15% taxes on certain imported food products. China has declared that it will protect its “legitimate rights and interests,” citing serious violations of World Trade Organization rules.
According to sources from the Wall Street Journal, a presidential-level meeting between the U.S. and China may occur in June. However, it is still in the early planning stages. Beijing hopes to lay the groundwork necessary for official trade talks. With additional tariffs set to kick in April and the prospect of negotiations with Trump in June, short-term risk expectations in the markets appear diminished.
In a recent announcement titled “50 Victories in 50 Days,” the White House stated that the war against cryptocurrencies has ended, a global digital asset stock has been established, and a working group has been formed. Yet, the cryptocurrency market remains largely unfazed.
