Tariffs, Debt, and Crypto: The Perfect Storm?
It all starts with President Trump’s August 1 deadline for progress on trade deals. If things don’t go his way, he’s threatening 25% tariffs on Japan and South Korea đ€Ż. QCP notes that this “TACO” narrative (yes, that’s a thing đź) is still going strong, with Trump leaving a tiny window for delay. Markets are currently thinking “all talk, no action,” but if those tariffs do happen, it’ll be a major growth-killer đ.