Donald Trump's recent tariffs have sent shockwaves through variable income markets, including cryptocurrencies. By imposing steep duties on imports from countries like China, Canada, and Mexico, these tariffs disrupt global trade, raising costs for businesses and consumers. This uncertainty has triggered volatility in stock markets, with the S&P 500 dropping nearly 5% in a day, and spilled over into crypto markets. Bitcoin fell 5% to $81,000, while altcoins like Ether saw sharper declines, reflecting their status as risk-on assets. Investors, fearing inflation and reduced economic growth, are pulling back from speculative investments. Though some see this as a buying opportunity, the tariffs continue to cast a shadow over crypto stability.