Every weekend, Trump seems to stir up something. This time, in order to acquire Greenland, Trump has once again wielded the weapon of tariffs, imposing a 10% tariff on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1, and raising it to 25% on June 1. The United States has indeed had an interest in Greenland for a long time, and several U.S. presidents have attempted to "purchase" Greenland, but all have ended in failure.

Even Trump himself expressed a desire to buy Greenland in 2019, but it wasn't as strong back then. Now, it seems influenced by the midterm elections, he has become more aggressive, even resorting to threats of tariffs. The aforementioned countries have also expressed dissatisfaction, and it seems another round of the tariff war may be on the horizon.

Since this happened over the weekend, it didn't affect the U.S. stock market much, but it is expected to show some reaction when the market opens on Monday. This is not a good sign, especially since the U.S. Supreme Court has not yet announced the final outcome of Trump's legislation. This incident may also push the Supreme Court to make an announcement before February 1.

Looking at Bitcoin data, although the price of $BTC remained relatively stable over the weekend, increasing tariffs equates to increasing inflation. Many of these countries are also U.S. allies, and raising tariffs could likely lead to expectations of rising inflation in the U.S., which is what the Federal Reserve is most concerned about. Tariffs are not a one-time stable product; they have become a weapon for U.S. foreign relations.

I am quite worried that the U.S. stock market will see a decline in anticipation of Trump's new tariffs, and Bitcoin, which is still highly correlated with the stock market, will likely struggle to remain unaffected. However, I believe Trump probably won't actually impose a 25% tariff on these countries, as there is still time until June to see if there are any opportunities for negotiation.

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