My take on @realDonaldTrump and tariffs going forward (#BTC relevant)

- Trump will impose a high tariff on the EU and possibly Japan - around 25% - in February.
- He will negotiate with Canada, EU, and Japan to jointly raise tariffs on China, in exchange for the US removing its own tariffs (and/or keeping military bases in Japan).
- With Mexico, he will continue to focus on illegal immigration and drugs, reaching a longer-term agreement.
- Taiwan remains a wild card, with its handling still uncertain.

Trump believes tariffs boost domestic production, and since China is the biggest competitor, he'll push allies to adopt similar policies against China. Expect significant market volatility in the coming weeks, possibly even leading to the end of QT as early as March.

For this reason, it's best to stay #Bitcoin heavy and remain cautious with altcoins as well as leverage until the turmoil unfolds.
#BTC #Bitcoin