Trump's new tariffs will take effect at 1:00 PM Beijing time on February 24.

Content: Increasing the global tariffs on multiple countries from 10% to 15%, and emphasizing that it is "completely legal and legally tested."
Less affected: pharmaceuticals, complete vehicles, energy, minerals—these strategic or essential sectors.
More affected: daily necessities, clothing, shoes and socks, furniture, appliances, and other consumer goods.
In other words, companies may not be the hardest hit; ultimately, consumers will bear the cost.
It is estimated that an average American household could spend over $2,000 more annually.
Global impact: U.S. import costs rise → order reductions → increased foreign trade pressure.
Global supply chains will need to recalculate.
Impact on the U.S.: manufacturing costs may not decrease immediately, but consumer prices will go up.
There is a risk of a secondary inflation spike.
And this is what the market is truly worried about.
What about the impact on Bitcoin?
Many people might simply interpret it as:
Higher living costs → less disposable income to buy BTC → bearish.
But the real core is actually another line:
Tariffs boost inflation expectations →
The Federal Reserve slows down the rate of interest rate cuts →
Liquidity release is delayed.
$BTC is not driven by retail idle funds; its core pricing logic comes from changes in global liquidity and risk appetite.
Originally, CPI was already trending downward, and the market was hopeful for rate cuts,
Now that this variable appears, the timeline may be pushed further back.
This is also why the current market is not lacking room for rebound, but the rebound rhythm keeps getting interrupted.
As for a turning point?
It definitely exists.
Trump has always been good at “adding pressure first, then bargaining.”
It’s also possible that adjustments, exemptions, or even withdrawals may occur as the effect takes hold.
What the market is actually trading now is not the 15% tariff itself,
but “policy uncertainty.”
Here’s my simple view:
This is not a fatal negative, but it is definitely a brake on the market.
Short-term volatility is highly likely to increase,
The real determinant of direction remains the liquidity cycle.
Bitcoin’s rise will not disappear,
but the path may become more winding.
Market movements have never been a straight line,
especially in years of macro battles.