Figure 1 Understand the main impact of Trump's tariff policy on the currency circle/US stocks ‼️ At 3am in the evening, although the expected emotional exhaustion was almost over, But I'm afraid that Trump will find some new ones. Many brothers asked me that Trump's tariff policy has repeatedly jumped, Why do we always let the cryptocurrency market lie down (causing BTC to drop 8%)? Because liquidity is the 'blood' of the cryptocurrency industry. Trump tariff repeatedly disturbed the global supply chain and capital flow, leading to the deterioration of liquidity sentiment. High volatility assets such as cryptocurrency have become "emotional amplifiers", and what is falling is not the tariffs themselves, but the market's panic about uncertainty.