🚨 TARIFFS ARE COMING BACK AGAIN And this could be a disaster for the markets. Today, it was reported that President Trump is preparing a new round of tariffs on several countries this week. For some countries it'll be at 10%, while for others, it could be much higher. But why is this bad? 1) April crash No one can forget the April tariffs crash. $10 Trillion was wiped out from the US stock market in a week. Bitcoin dropped almost 30% in a few months, while ETH dropped to $1,400. Almost every global stock index dropped 15%-20% in a few days, and it was an absolute bloodbath. Now, the market is more prepared this time, but even a fraction of that impact will be massive. 2) Inflation Tariffs mean businesses will raise costs, and it'll be passed down to consumers. This will result in high inflation, which is already a major concern due to rising oil prices. High inflation means a hawkish Fed, and the market can't afford it. 3) More uncertainty During April 2025, tariffs pushed the global uncertainty to its highest level in 30+ years. With a US-Iran war, yen crisis, bond crisis, credit market crisis, and AI bubble already present, tariffs could even push the global economy into a recession similar to 2008. I know all this doesn't sound good, but if tariffs really hit the market at a big scale, be prepared for some real downside volatility.(Crypto Rover)