Bankless ROLLUP: Trump Tariff Whiplash | China Trade War | Inflation Jitters | Paul Atkins New SEC Chair | MegaETH Testnet
29 snips
Apr 11, 2025 
Join Haseeb Qureshi, a general partner at Dragonfly, as he unpacks the chaos surrounding Trump's new tariffs and the intensifying trade war with China. He dives into the economic repercussions, including market volatility and rising recession fears. Haseeb also examines how these factors intersect with the cryptocurrency landscape, especially in relation to Bitcoin and altcoins amidst regulatory shifts from the newly appointed SEC chair. Plus, get insights into the exciting developments of the MegaEth testnet and its potential to reshape Ethereum's infrastructure.
AI Snips
Chapters
Transcript
Episode notes
Trade War Timeline
- Trump's trade war involved escalating tariffs, causing market fluctuations.
- China refused to negotiate, leading to a 145% tariff on Chinese goods and a 10% tariff on other countries.
Tariff Policy Analysis
- Trump's tariff decisions were based on trade deficits, not actual tariffs, hurting poorer countries disproportionately.
- His administration's unclear communication and policy reversals created market instability and discouraged investment.
Tariff Backlash and Reversal
- Trump's tariff policy faced backlash from financial figures and Republicans due to its negative impact.
- He ultimately backpedaled, temporarily pausing tariff hikes after pressure from advisors like Bill Ackman.