Opinion: Trump's tax hike is the biggest macro risk this year
Author | Jinze, Chairman of Muse Labs, former Chief Researcher of Binance China Many people haven’t noticed that the biggest macroeconomic risk of this year, a significant increase in tariffs, will come into effect this Saturday (assuming he doesn’t back down at the last minute). It seems that Trump is extremely determined to substantially and widely raise tariffs. Starting today, tariffs on Canada and Mexico will be increased by 25%, and on China by 10%. And this is just the beginning; more tariffs are expected to be announced soon. Previously, many in the market, myself included, thought this was just a negotiation tactic of Trump’s and wouldn’t actually happen. After all, the industrial chain can’t be relocated overnight, and a rapid and widespread tax increase is a lose — lose outcome in the game. However, it turns out that Trump doesn’t seem to be afraid of economic and market fluctuations. His exact words were, “There may be some temporary, short — term disruptions, and people wi...