The Chain Reaction Impact on Commodities, Forex, and Crypto Markets

The impact of the US-Europe tariff dispute will not be limited to the stock market but will spread through trade, exchange rates, and inflation expectations to commodities, foreign exchange, and even crypto assets.
First, commodities. An increase in tariffs often means:
* Supply chain restructuring
* Rising transportation and production costs
* Increased volatility in the prices of certain goods
Next is the foreign exchange market. When trade tensions escalate, safe-haven currencies and the US dollar tend to be more favored, while currencies of economies with high reliance on foreign trade come under pressure.
As for the crypto market, the effects are more indirect:
* Short-term sentiment may be dragged down by risk appetite
* The long-term narrative of “decentralization and anti-censorship” is actually reinforced
Therefore, the impact of tariff disputes on different assets varies in rhythm and direction, rather than simply being “bearish or bullish.”#欧美关税风波冲击市场