Today's work is a little easier. The stone of tariffs has finally landed. It is still unknown whether it hit Trump's foot. But from his angry remarks, it can be seen that the blow to his personal reputation and the Republican Party is somewhat uncomfortable. As the most important political achievement of Trump since he was elected president for the second time, it is so judged to be illegal. The mid-term election is estimated to be unfriendly to the Republican Party. Although Trump's IEEPA tariff was ruled illegal by the Supreme Court, the Trump government can still use other bills to maintain tariffs. Of course, the restrictions of these bills must be much larger than that of IEEPA, and will be narrowed from time to scope, which is a headache for Trump, but it is really a good thing for the risk market. Although there will be some fluctuations in the short term, it is helpful to reduce inflation and reduce some uncertainties in the long term. At the very least, tariffs are unlikely to be weaponized, and the Federal Reserve will also use tariffs as a means to maintain interest rates. The second half of 2026 should be easier, but the slightly troublesome issue is whether there will be tax refunds after tariffs are illegal. This is also a very headache, and it is estimated that there may not be any results in the short term. Let's take a look, and also pay attention to the geopolitical conflict between the United States and Iran. Back to Bitcoin's data, the turnover rate has not changed significantly, which means that at least until now Trump's tariffs have been cancelled, there has not been much trouble in the cryptocurrency market. However, it should be noted that Trump often likes to do things on weekends, and it will be the weekend again soon. Before closing, Trump said that it is ready to tax 10% of the world on the basis of the existing tariffs in five months. At present, it seems that the impact is not significant, and we hope that it will be different. After the tariff was implemented, one thing that is still in the game is the geopolitical conflict between the United States and Iran, and the other is the main narrative in the first half of the year, Trump and the Federal Reserve. However, after the tariff was lifted, the pressure of the Federal Reserve was much less, and there may be some new gains. @bitget VIP， Lower rates and more generous benefits