The trade war between the United States and China has turned the financial markets upside down worldwide. The current customs increases by American President Donald Trump have uncertainty, according to analysts, but also open deeper cracks in the global currency system. Do we see here how Trump uses the “Art of the Deal”, or does the financial system turn out to be less robust than expected?
More than a trade conflict?
After panic panic on the stock exchanges, the markets seem to calm down a bit after Trump announced a temporary break of 90 days with increased mutual import tariffs. As a result, the tariffs returned to 10 percent for most countries. At the same time increased He the tariffs on Chinese were 104 percent to 125 percent.
Teddy Pornprinya, co-founder of the Layer-1 Blockchain project Plume, describes Trump’s step as “more than a trade conflict”. In his opinion, the escalation shows “deeper cracks in the global currency system”. Both the USA and China are fighting with “unsustainable debt levels”. This leads to a greater dependence on inflationary instruments such as currency devaluation. “This puts the resistance of every investment class under pressure,” says Pornprinya.
Bitcoin does not find a momentum
The consequences are directly visible: the trading volume in tokenized gold rose to the highest level this week in two years, with more than $ 1 billion in transactions. At the same time, the total value of Onchain-Rwas (Real-World Assets) crossed the border of $ 20 billion on April 9, of which $ 12.7 billion from tokenized private credit comes from, such as data from Rwa.xyz show.
Although Bitcoin (BTC) is still seen as digital protection in times of financial instability, the coin also seems to suffer from the uncertainty from the financial markets. On April 9, BTC was pressed under $ 79,000. Despite an upswing that brought the coin to $ 83,000 after the announced 90-day break, Bitcoin could not keep the climb and fell below $ 80,000 again.
Trade tension as a negotiation tactic?
The big question is: are the import tariffs an economic strategy or a political negotiation game? Many economists could not identify with President Trump’s measures. Therefore, many see the import measures as long -term or structurally.
Bitfinex analysts speak of a “negotiation tactic” of the American government. They expect the threat of tariffs to be intended to move other countries to reduce their import duties on American products. Raoul Pal, founder of Global Macro Investor, also closes to that. In his opinion, it is a political strategy to force better trade conditions with China.
Analysts from Nansen find that the direction of the negotiations will be decisive for the recovery of global risky assets, including crypto. They appreciate the chance that the cryptom market will find a floor before June 2025 to 70 percent. This could follow a recovery.