Part 3/9:
Tariffs and Market Reactions
The crux of the market's volatility ostensibly correlates with the announcement of tariffs by former President Trump. The tariffs imposed a robust 25% duty on imports from Canada and Mexico, alongside a 10% tax on goods from China, prompting broader economic fears. These developments were widely perceived as a harbinger of inflation, leading to a swift downward spiral across both stock and cryptocurrency markets.