High Tower
@htwtech
1/ Trump brought back tariffs.Not as a policy tool. As a weapon. Here's how it hit the market - and why this might be the first real macro test of 2025 2/ Starting April 5: flat 10% tariff on all imports. April 9: "mirror" tariffs (up to 90%) on 60+ countries. Cars and parts already hit with 25% earlier this week. No nuance. Just straight escalation. 3/ Markets didn’t hesitate. BTC dropped from $88k to $82k. ETH followed.
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High Tower
@htwtech
~$500M liquidated in a few hours. USDT dominance spiked. Not confidence - just what people do when risk flashes red. 4/ This isn’t isolated to crypto. FX, bonds, equities - all shifted. Because this isn’t normal policy. It’s provocation. And markets don’t like to be provoked. 5/ The math behind these tariffs? (trade deficit / imports) x 50% = your tariff. On paper it sounds clean. In practice? It punishes countries that literally can’t afford to import American goods.
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High Tower
@htwtech
6/ Lesotho got hit with a 50% tariff. GDP: $2.4B. Most people live on <$3/day. Top export? Diamonds. Not exactly flooding the US with overpriced cars. 7/ Crypto didn’t fall because it’s weak. It fell because it still lives inside the macro risk loop. Capital doesn’t care about ethos. It cares about uncertainty. And this move broke the rhythm. 8/ NYSE opens in a few hours. If there’s no strong bid early on - the bleed continues. Nobody wants exposure when the rules feel improvised.
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