crypto market – BullRush https://bullrush.com Trade, Compete, Win Thu, 07 Aug 2025 09:51:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 /wp-content/uploads/2025/07/cropped-favicon-32x32.png crypto market – BullRush https://bullrush.com 32 32 Bitcoin Breaks Records Amid Trade War, Earnings Fears https://bullrush.com/bitcoin-breaks-records/ Mon, 14 Jul 2025 18:51:52 +0000 https://bullrush.com/?p=21103 Global markets entered mid-July with an explosive mix of headlines, causing quite a stir in trader sentiment. From Trump’s threat of 30% tariffs on European imports to a Bitcoin breakout past $120,000, it is set to look like a pretty volatile and opportunity-filled week. On a similar note, with central banks preparing to weigh in, […]

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Global markets entered mid-July with an explosive mix of headlines, causing quite a stir in trader sentiment. From Trump’s threat of 30% tariffs on European imports to a Bitcoin breakout past $120,000, it is set to look like a pretty volatile and opportunity-filled week. On a similar note, with central banks preparing to weigh in, Q2 earnings rolling out, and trade tensions mounting across the Atlantic, the global economy is facing a critical inflection point.

Whether you’re in the futures markets, trading equities, or riding the crypto wave, this week’s stories are shaping new price action and sentiment patterns across all asset classes.

Our advice? Ride the wave of volatility but tread with caution.

EU, Mexico Fire Back as Trump Revives Trade War Playbook

President Donald Trump rattled markets with a fiery proposal to slap 30% tariffs on European imports… a move that sent immediate shockwaves through European equity markets. The impact was immediate and severe: automakers, businesses, and exporters who were largely reliant on U.S. demand caused the Stoxx 600 to plummet. It was a gut-punch for European traders, bringing back memories of previous trade wars and serving as a reminder to all that when geopolitics enters the conversation, sentiment can quickly turn sour.

Europe, however, did not recoil. Antonio Tajani, the president of the European Parliament, retaliated within hours, threatening that if an agreement isn’t reached, the EU will impose retaliatory tariffs worth €20 billion ($21.7 billion). 

Across the Atlantic, Mexico is now considering its own tariffs, a not-so-subtle signal to Washington that allies are done playing defense. What started as political posturing is quickly morphing into a full-scale trade chess match, with markets caught in the middle.

Sum up:

  • Trump proposes sweeping 30% tariffs on EU imports
  • Stoxx 600 and major EU indices drop on trade war fears
  • EU responds with potential €20B in counter-tariffs
  • Mexico signals retaliation, increasing global tension

European Stocks Struggle, Sentiment Softens Amid Global Uncertainty

The story goes beyond the headlines about tariffs. Beneath the surface, European markets are displaying more profound signs of fragility, as every movement is amplified by thin summer trading volumes, soft economic data, and rising political risk. In actuality, exporters and cyclical names drove the CAC 40 down 0.4% and Germany’s DAX down 0.2%. Many people perceive this as a gradual decline in confidence rather than a market correction.

Things aren’t exactly going well in the United States, which is on the other side of the world. Although S&P 500 and Nasdaq futures saw a slight increase, traders are obviously losing ground as they prepare for a barrage of central bank commentary, retail data, and earnings reports.

Volatility is creeping back in, quietly, but unmistakably, and many are sensing that the next big move is right around the corner.

Sum up:

  • CAC 40 and DAX dip amid broad-based weakness
  • Low summer liquidity increases market whipsaws
  • U.S. futures cautious ahead of Q2 earnings and retail data
  • Volatility indicators rising as investor confidence fades

Bitcoin Breaks $120K as Crypto Optimism Surges Before Asia’s ‘Crypto Week’

While traditional markets wrestle with politics and policy, crypto traders are celebrating a breakout of historic proportions. Bitcoin reached a new all-time high of $120,000 on Sunday, sparking a rally in other digital assets. The action was taken right before Singapore’s Crypto Week, a significant blockchain conference that is anticipated to generate even more investor excitement with big announcements and well-known collaborations.

Bitcoin isn’t the only thing taking center stage. Due to renewed interest in DeFi and next-generation NFT ecosystems, Ethereum broke $6,800, while Solana and Avalanche reported double-digit gains. Retail sentiment is rising back to 2021 levels, and institutional capital is still entering the market through ETFs and derivatives. With macro uncertainty growing, Bitcoin is reasserting its role as a hedge against fiat fragility, and traders are piling in fast.

Sum up:

  • Bitcoin hits new all-time high near $120K
  • Anticipation builds ahead of Asia’s “Crypto Week” in Singapore
  • Ethereum, Solana, and Avalanche post strong gains
  • Institutional and retail demand converging, ETF flows rising

What’s on the Watchlist for This Week?

As one could expect, this upcoming week is loaded with high-impact events that could reshape market direction across asset classes. Here’s what should be front and center on your radar:

  1. U.S. Earnings Season Begins
    Banks like JPMorgan, Citigroup, and Goldman Sachs report earnings, offering a read on lending trends, credit stress, and capital markets activity in a higher-rate world.
  2. Retail Sales Data – Consumer Strength in Focus
    July’s retail sales report will test the resilience of the U.S. consumer. A weak read could be a red flag for growth and risk appetite.
  3. Central Bank Commentary – Powell and Lagarde Speak
    Both the Fed Chair and the ECB President will give key speeches. Expect the market to hang on every word for clues about rate cuts, inflation, and economic softness.
  4. China GDP & Industrial Data Drop
    Beijing is expected to post Q2 GDP growth of just 4.9%, with industrial output and retail sales pointing to a fragile recovery. Soft numbers could rattle Asian markets.
  5. Trade Negotiation Headlines
    With U.S.-EU tensions rising, any progress, or breakdown, in negotiations could jolt risk sentiment. Keep alerts on for diplomatic updates.

Final Thoughts: Trade the Storm with BullRush

There’s a rare clarity that comes in market chaos, a moment where sharp traders get the opportunity to rise above the noise. This week is one of those moments. It’s not about playing it safe. It’s about playing it smart. Tariffs, inflation, cryptocurrencies, and global uncertainty are pushing markets into uncharted waters, yet again.

At BullRush, we don’t just weather the storm. We build in it. And thrive.

Whether you’re shorting volatility, swing trading the crypto rally, or hedging through gold or practicing with trading simulators, BullRush gives you the platform, the insights, and the community to stay ahead of the next big move.

Join the competition. Sharpen your edge. Trade the moment. Trade with BullRush.

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Crypto Wallets: Hot vs Cold Wallets https://bullrush.com/crypto-wallets-hot-vs-cold-wallets/ Fri, 04 Jul 2025 20:01:44 +0000 https://bullrush.com/?p=20731 If crypto is the Wild West of finance, then your crypto wallets are your holsters. Let’s just say, you don’t want to be the one walking into town with your keys dangling in plain sight. As digital assets continue to explode in value and complexity, one question quietly determines whether you’re building long-term wealth or […]

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If crypto is the Wild West of finance, then your crypto wallets are your holsters. Let’s just say, you don’t want to be the one walking into town with your keys dangling in plain sight.

As digital assets continue to explode in value and complexity, one question quietly determines whether you’re building long-term wealth or walking a tightrope over a hacker’s honeypot… Where, and how, are you storing your crypto?

Whether you’re a swing trader juggling multiple chains, a long-term holder with diamond hands, or somewhere in between, knowing the difference between hot wallets and cold wallets is more than just security hygiene. It’s about crafting your strategy.

Because in crypto, “not your keys, not your coins” is only half the story. The full version is: “Not your strategy, not your safety.”

What Are Hot and Cold Crypto Wallets?

Plainly speaking, crypto wallets with an internet connection are referred to as a “hot wallet.” Think of software-based programs like MetaMask, Coinbase Wallet, and Trust Wallet, just to name a few. Ideal users are active traders who need quick access to their money for orders, take part in DeFi, or move assets between exchanges. But as with everything, there is a flaw. When it comes to hot wallets, their vulnerability is their kryptonite. Being constantly online makes them vulnerable to phishing, malware, and hacks.

As one might expect, a cold wallet is entirely offline. Popular examples include hardware wallets like Ledger Nano X, Trezor Model T, and even air-gapped computers or paper wallets. They significantly lower exposure to cyber threats, making them perfect for large holdings and long-term storage. They, too, have their flaw, though. Transactions necessitate physical access to the device and extra steps for signing.

Like with most technology, it’s all about preference. Hot wallets prioritize accessibility, while cold wallets prioritize control.

Right Wallet Strategy for Your Trading Style

Users on trading platforms like BullRush need agility, but not at the cost of security. That’s where a hybrid approach makes sense. The best traders typically use both crypto wallets strategically:

  • Hot wallets should be reserved for working capital: funds used for day-to-day trades, DeFi staking, or bridging between chains.
  • Cold wallets are best used for storing profits, long-term positions, and any assets not required for immediate use.

At BullRush, we would recommend the 80/20 model, meaning you should keep 20% of your portfolio in a hot wallet for operational liquidity and 80% in cold storage for capital preservation. That way, you can stay nimble without sacrificing safety of your crypto wallets.

Features For a Secure Wallet Setup

OK, you’ve made the decision, you are setting up your wallet. However, you are not sure what features the wallet should have. Consider these core features:

  • Two-Factor Authentication (2FA): A must for any hot wallet or exchange account.
  • Seed Phrase Security: Avoid storing digitally at all costs. Instead, use metal backups or secure offline storage.
  • Firmware Update Support: Check if your hardware wallet allows regular, secure updates.
  • Multi-Signature or MPC Technology: Ideal feature for teams or high-value wallets.
  • Audited Codebase:  Open-source or third-party audited wallets give you an added layer of transparency.

Don’t get us wrong. These are not “nice-to-haves”. They are non-negotiable key features for any serious trader.

Crypto Wallets Security Tips a Trader Should Know

  • Use multi-signature crypto wallets or wallets with Multi-Party Computation (MPC) for an additional layer of protection. Opt for solutions like Fireblocks and Gnosis Safe to reduce single points of failure.
  • Never store your seed phrase digitally. That means avoid screenshots or cloud storage; use secure offline methods such as steel backups.
  • Purchase hardware crypto wallets directly from the manufacturer. Third-party (re)sellers can offer tampered devices with pre-installed malware.
  • Regularly update firmware on hardware wallets and security software.
  • Enable two-factor authentication (2FA) on all hot wallets and exchange accounts.

Common Mistakes Traders Should Avoid

Mistakes are bound to happen, especially for novice traders. That’s how we learn. But there is another way… learning from others. A number of pitfalls continue to plague new and intermediate crypto traders, like:

  • Using only hot crypto wallets for large holdings.
  • Failing to create offline backups of private keys.
  • Sharing wallet credentials or using the same seed phrase across multiple platforms.
  • Keeping everything in a single wallet or exchange account.
  • Falling for phishing emails mimicking wallet providers.

Even experienced traders can make these mistakes under pressure, particularly during bull runs or market crashes. Mitigating these risks should become second nature, as setting a stop loss.

Wallet Security Isn’t Optional, It’s Part of the BullRush Edge

Don’t think that security is just a technical layer… It’s a competitive advantage. With today’s crypto markets being full of risks, the most successful traders don’t just rely on speed or strategy. They protect their assets with the same precision they use to time a trade. So, start up your hybrid wallet setup, combining hot wallets for agility and cold wallets for resilience. And no, it is no longer an option. It’s the norm.

At BullRush, we empower traders with more than just tools. We provide the knowledge, infrastructure, and support needed to trade securely, efficiently, and confidently. BullRush is designed for traders who think long-term and act with intention.

Ready for Rush?

Jump into Crypto Weekends: weekends full of pure volatility.

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Crypto Market Volatility Spikes on Conflict News https://bullrush.com/crypto-market/ Mon, 23 Jun 2025 18:34:56 +0000 https://bullrush.com/?p=20391 The most explosive market trigger today isn’t inflation. It’s not interest rate hikes or earnings reports. It’s something far more unpredictable: war. And last week, reality hit hard. Just as investors were beginning to find their footing on raging inflation and interest rates, a fresh round of geopolitical tensions has caused markets to spin out […]

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The most explosive market trigger today isn’t inflation. It’s not interest rate hikes or earnings reports. It’s something far more unpredictable: war. And last week, reality hit hard.

Just as investors were beginning to find their footing on raging inflation and interest rates, a fresh round of geopolitical tensions has caused markets to spin out of control. The surprise attack on Iranian nuclear facilities by the US caused strong reactions across equities, commodities, and crypto alike. Needless to say, it is breaking confidence across the globe.

With oil prices plummeting, gold struggling, and Ethereum crashing, traders are forced to take a step back and reconsider their every step, from safe-haven bets to risk-on exposure.

Oil Surges to 5-Month High After U.S. Airstrikes in Iran

No surprise, oil was one of the first and clearest indicators of market panic. Brent crude jumped to over $81 per barrel, reaching a level not seen in the last 5 months. The spike came as traders priced in the risk of supply disruptions, particularly through the Strait of Hormuz. We are talking about a narrow passage that sees nearly 20% of the world’s oil shipped daily. Any conflict that can become a danger to this route instantly sends alarms through global energy markets.

But the rally didn’t hold. As headlines gained their footing and immediate retaliation seemed uncertain, oil prices cooled off, going back to around $78. Still, analysts at Goldman Sachs remain on high alert. If tensions worsen or shipping routes become at risk, oil could soar above $90 in a matter of days.

Key Stats:

  • Brent crude high: $81+ (5-month high)
  • 20% of the global oil supply passes through the Strait of Hormuz
  • Goldman Sachs projection: $90+/barrel possible with escalation

Asia Markets Tumble as Risk Aversion Spreads

As expected, the effects of the U.S. strikes were felt far beyond the Middle East. Across Asia, markets plunged as investors dumped risky assets. Japan’s Nikkei 225, which had seen strong momentum from recent manufacturing gains, dropped significantly. Chinese indexes followed suit, and Hong Kong’s Hang Seng fell as tech and energy stocks led the decline. Even Australia’s ASX 200 couldn’t avoid taking damage, retreating as traders rebalanced their portfolios toward safer ground.

What this showed is that even strong economic fundamentals aren’t enough to protect markets from geopolitical risk. Investors are jumpy, and in times like these, fear spreads faster than logic. It was a broad selloff that perfectly illustrated just how globally connected, and fragile, today’s markets really are.

Key Stats:

  • Nikkei 225 dropped despite positive PMI data
  • ASX 200 fell, led by energy & tech sectors
  • Widespread selloff across all major Asian markets

Gold Falls as Dollar Becomes the Preferred Safe Haven

In a surprising twist, gold prices fell after the U.S. airstrikes. Typically, geopolitical unrest pushes gold higher; it’s the world’s most traditional safe-haven asset. But this time, investors ran to the U.S. dollar instead, pushing the greenback higher and gold lower. The yellow metal dipped, while the dollar strengthened on the back of solid Treasury yields and central bank confidence.

This shift shows that traders are prioritizing liquidity and short-term security over traditional crisis assets. The dollar is winning because it’s seen as both stable and flexible – a place to wait out the storm. But this behavior also added pressure to emerging market currencies, many of which are already under strain from inflation and trade challenges.

Key Stats:

  • Gold fell to $2,320/oz, down 0.4%
  • The U.S. dollar gained strength on safe-haven demand
  • EM currencies weakening amid rising dollar pressure

Ethereum Drops 10% in a Crypto Market Bloodbath

Cryptocurrencies felt the full force of the global fear. Ethereum dropped a massive 10%, marking one of its worst single-day performances in months. The entire crypto market entered risk-off mode, with Bitcoin also falling. However, it managed to stabilize just above $66,000. As a result, investors quickly fled from high-volatility, high-beta assets, preferring cash or more liquid positions. As expected, global headlines took the center stage when it comes to decision-making on the crypto market.

The selloff was swift and sharp, driven not just by the military strikes but also by a broader drop in tech stocks and sentiment. As always, crypto is among the first to fall in times of fear and the last to regain trust. Traders who had recently turned bullish are now back in defensive mode.

Key Stats:

  • Ethereum down 10% in one day on the crypto market
  • Bitcoin dropped below $66K before recovering
  • Broad crypto selloff amid rising geopolitical risk

What’s on the Watch List 

Global markets are still processing and recovering from the shock, but more turbulence could knock again. Here are the things we need to have on our radar:

Iran’s Next Move: Will they retaliate militarily or respond diplomatically? The answer could influence oil prices and market sentiment in the upcoming period.

U.S. CPI Data: Inflation still matters, big time. Any surprises in consumer price trends could lead to a quick shift in the Fed’s tone.

Dollar Strength: If the greenback continues to dominate, we could expect added pressure on gold, crypto, and emerging markets.

Risk Aversion Patterns: Keep a close eye to see whether investors move back to gold or hold cash. The said decision will reveal how much fear is still present in the markets.

Key Stats to Watch:

  • U.S. CPI announcement date: This Thursday
  • Oil volatility index (OVX): Spiked 12% last week
  • U.S. Dollar Index (DXY): Up 1.2% week-over-week

Final Thoughts: Global Markets Trading Amid the Chaos

Summer is here, and this week’s global markets are a place where things move fast, and traders need to move even faster. War headlines, inflation pressures, and investor panic are the perfect factors for creating a storm of volatility. But it’s not all bleak. Chaos also brings opportunity.

At BullRush, we’re built for this.

We offer more than just trading challenges; we provide a complete ecosystem to help you make sense of rapid market moves. From crypto market to commodities to forex, we keep our tools sharp and our community sharper.

Whether you’re shorting oil, hedging with gold, or jumping in on the next crypto market dip, now is the time to stay informed, stay ready, and stay bold.

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Trading and Innovation – Europe’s New AI Regulations https://bullrush.com/trading-and-innovation-europes-new-ai-regulations/ Mon, 10 Feb 2025 20:39:09 +0000 https://bullrush.com/?p=14304 Europe recalibrates its regulation to foster a new growth in artificial intelligence to keep a competitive edge in the global scramble for technological prowess. At an Artificial Intelligence Summit in Paris, French President Emmanuel Macron announced that the European Union was going to soften its rules governing AI in order to favor the development and […]

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Europe recalibrates its regulation to foster a new growth in artificial intelligence to keep a competitive edge in the global scramble for technological prowess. At an Artificial Intelligence Summit in Paris, French President Emmanuel Macron announced that the European Union was going to soften its rules governing AI in order to favor the development and success of more projects both in France and within Europe generally. Macron’s appeal for simplified regulations aims to free businesses from overly burdensome legislation, ensuring Europe is able to attract investment in the fast-evolving AI ecosystem and remain at the forefront.

The move also comes in response to concerns that overly stringent regulations risk choking growth and innovation. With major players, including Alphabet’s CEO Sundar Pichai, calling for ecosystems of AI innovation, the EU’s digital chief Henna Virkkunen promised a reduction of red tape by eliminating overlapping regulations that have been an obstacle to industry progress in the past. As AI continues to upend industries, the approach of the EU reflects a very important balance-fostering innovation while managing potential risks associated with fast-developing technologies, such as cybersecurity to ethical challenges.

Announcements of Tariffs Push Demand for Gold

This week’s surge in gold prices came after a Sunday announcement by Trump of a 25% tariff on all aluminum and steel imports into the U.S. The move raised concerns about the global trade environment, and investors immediately set up for potential economic headwinds. Trump threatened to impose reciprocal tariffs in a bid to match the import duties imposed on U.S. goods by its trading partners.

This also came just days after Trump’s announcement of 10% tariffs on Chinese imports that Beijing already hit back against with similar measures. The rising tension in trade relations between the world’s two biggest economies is raising uncertainty, driving a flight into gold as a hedge against both inflation and economic instability.

Already, gold is up by more than 10% on the year and at a consecutive record high. “Concerns over tariffs leading to higher inflation and slower economic growth drive demand for safe havens,” said analysts at ING.

Trump’s Tariff Strategy and Market Reactions

Speaking to reporters aboard Air Force One en route to the Super Bowl in New Orleans, Trump said the tariffs of 25% would take effect immediately. He added that reciprocal tariffs would be announced midweek. The latest measures formed part of an effort by Trump to push back against what he says are unfair trading practices and trade imbalances.

Such measures as taken by Donald Trump would lead to stiff opposition from countries of the world. Canada, Brazil, Mexico, South Korea, and Vietnam-all major exporter countries of steel, are more likely to strike back, taking it to more dramatic heights, though Canada has no other but to take the bulk, being a vast supplier of aluminum to the United States.

In his first term, Trump had slapped similar tariffs on steel and aluminum, before exempting the tariffs for allies like Canada, Mexico. This latest move of his reflects an increasingly aggressive trade policy with huge implications for the economy.

Fears of Inflation and Economic Uncertainty

Market analysts and Federal Reserve officials have feared that Trump’s tariffs may be inflationary as U.S. importers pass on the higher duties to consumers. Rising raw material prices such as for steel and aluminum could be passed down through various industries, including construction and manufacturing, to consumer prices.

Trump has frequently criticized the discrepancy in trade tariffs, most specifically the European Union’s 10% duty on U.S. auto imports versus the U.S. rate of 2.5%. The new drive from his administration is a wider campaign to rebalance international trade. A press conference on reciprocal tariffs by Trump will shed more light on the administration’s trade strategy. Investors will be watching the global response-especially from China and the European Union-because further escalation will lead to greater market volatility.

With the price of gold at record highs amid the increase in trade tensions, investors are preparing for a turbulent financial future. As markets adjust to recent policy changes, the demand for gold is high, reinforcing its position as a crucial asset during times of economic uncertainty.

From the changing regulatory landscape in Europe to the volatility triggered by trade tensions, the moving pieces in the global market make the ability to navigate changes in valuation more crucial than ever. The uptick in gold prices with tariffs and economic uncertainty influences the demand for skilled traders who can make informed decisions in real time. 

With economic volatility on the rise, successful traders must adapt quickly and decisively. BullRush, with its gamified approach, allows traders to sharpen the trading techniques through  challenges and competitions. Take your trading skills to the next level and join BullRush today!

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Tariff Action by Trump Hits Stocks and Crypto Market https://bullrush.com/tariff-action-by-trump-hits-stocks-and-crypto-market/ Mon, 03 Feb 2025 20:51:46 +0000 https://bullrush.com/?p=14242 After the call with US President Donald Trump on Monday February 3rd, Mexican President Claudia Sheinbaum has agreed to delay the implementation of tariffs with the United States for one month. The agreement between the presidents aims at further strengthening security between the U.S.-Mexico borders to reduce particularly the flow of illegal drugs and, more […]

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After the call with US President Donald Trump on Monday February 3rd, Mexican President Claudia Sheinbaum has agreed to delay the implementation of tariffs with the United States for one month. The agreement between the presidents aims at further strengthening security between the U.S.-Mexico borders to reduce particularly the flow of illegal drugs and, more important, fentanyl, into the United States market.

Sheinbaum said in her post on X that, in the deal, Mexico would immediately send 10,000 National Guard members to its northern border. In return, the U.S. would work to combat the trafficking of high-powered weapons into Mexico. Trump later confirmed the “very friendly” conversation on his Truth Social platform and said further discussion would take place during the tariff delay. US officials, fronted by the Secretary of State Marco Rubio and Secretary of Treasury Scott Bessent, are expected to proceed with the negotiation with high-ranking representatives of Mexico.

The agreement also comes just hours before Trump announced tariffs on Mexico, Canada, and China – which were on track to come into effect for the first time. The levies included 25% imposed on goods across the border with Mexico and Canada, and also a 10% tariff imposed on imports coming from China-a total of over $2 trillion in annual trade.

Economists warn that such tariffs could trigger inflation, slow economic growth, and fire up a global trade war anew. Similarly, the crypto market followed with a nosedive amidst growing fear of increased uncertainty.

Economic Impact and Reactions

Economists have sounded the alarm over possible economic spillover from these tariffs. Goldman Sachs analysts said the tariffs were unlikely to last very long, given their potential to raise inflation and disrupt major industries. Canada and Mexico are critical to U.S. oil imports, and both are significant players in U.S. manufacturing and energy. If this tariff regime is extended, they warn it could slice 0.4% off GDP growth and push core prices up by 0.7%.

Analysts at Capital Economics believe the tariffs could instead prompt a recession in both countries. The analysts also said that the tariffs now make it less likely the Federal Reserve will cut interest rates in the near future due to inflationary pressures.

“Trump has acknowledged that there may be short-term pain for the American public, but he believes it will be worth it for long-term gains,” said one analyst.

The Global Market React

The news also dramatically shook world financial markets: US stock index futures are plummeting Sunday night, with expectations the S&P 500 could drop to levels seen around the time of the 2024 election. Equity markets across Asia and Europe are being beaten down as investors are increasingly staying away from assets tied to global trade.

Cryptocurrency markets were not immune to the uncertainty, either: Shares in crypto-linked stocks such as Coinbase, Riot Platforms, and Marathon Digital Holdings all fell in premarket trading. Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, both tumbled – Bitcoin below $100,000 for the first time in weeks.

Wolfe Research: Trump Operating With Fewer Guardrails

Analysts at Wolfe Research cautioned that Trump, in his second term, seemed to be operating with fewer constraints. They surmised that his first-term advisers would have likely pushed back against such drastic actions.

“The absence of guardrails on his administration increases the likelihood that we’ll see further tariffs on China or even global 10% tariffs, which would result in hot inflation and seriously stress the economy,” they mentioned.

That could mean the trade dispute has broader ripples across worldwide markets and the US economy. But even as Trump pledged more tariffs against the European Union, he did not say when those would kick in. That will leave markets on tenterhooks, with many investors hoping for a last-minute resolution before the full weight of the tariffs is felt.

Looking Ahead: A Full-blown Trade War?

While these tariffs on trading partners indeed mark the beginning of what many within the same circles of business and economics fear-a long trade war-already, Canada and Mexico, together with China, say they will strike back. Thus, great is the potential for a greater economic disruption. The WTO also became a likely battleground for legal challenges to the tariffs, especially from China.

The big question now is whether the U.S. will be able to de-escalate it before it does wider economic damage. Trump insists that ultimately these tariffs would help the US economy, but many analysts are afraid the shorter-term consequence may be dire.

As the global trade landscape is turning increasingly volatile, markets are bracing for what could be a tumultuous few months ahead. The tariffs are scheduled to begin on February 4 and will be closely watched by investors, economists, and governments around the world in this unfolding trade war.

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