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.

This tariff escalation could indeed create significant market volatility. Bitcoin and Ethereum's reactions show traders are wary of economic tensions. Let's see how other assets, especially those with global supply chains, respond.