Nansen calls Caution in ADUD Trump tariffs, market fear

As global markets are cared from the reciprocal tariffs of the United States, analysts on Nansen issued a note to persuade caution.

Their view: Don’t fight with market tape. Instead, investors should wait for clarity Trade negotiationsMarket data and the following moves of the Federal Reserve before setting up.

Note, shares from crypto.news, comes after presenting President Trump Aggressive new tariff rates – Starting from the base line of 10% and rises abruptly for countries like China, Japan and Vietnam.

Some effective rates can be accessed 50% when the exemptions in which there are and applications start for April 5.

Capital sale

Markets answered quickly. American small caps led wide capital saleCripto weakened, and the US dollar refused to large currencies. The yield curve flattened, signaling growing recession fears. Nansen believes that the markets are now priced in Stagflatarno scenario – stand growth in combination with inflationary pressures.

“It is probably the worst of tariff insecurity, at the same time, negotiations will probably be retained: These are many countries with often complex economic topics”, written Nansen basic research analyst Aurelie Barthere.

While there seems to be like Canada and Mexico spared from new tariffs – thanks to the USMCA protection – Main Asian Exporters and Parts of the Eurozone Parts Step trading barriers. However, small governments are signaling retaliation. Japan decided to negotiate and fiscal support for exporters, while the eurozone opened dialogue on topics in the range from digital import taxes in LNG.

At the home front, the macro data paint the murky image. ISM Production and Service Border Transmission Data, while the spike in price production increases Inflation.

The employment data of ADP showed modest power, but releases in car, retail and technical sectors remain a red flag. Markets currently appreciate 3-4 decreases of rates by the end of 2025. years, but each of the deviation from Teglevica could launch further volatility.

Crypt’s influence

Cripto is not immune. Bitcoin (Btc) and Etherum (El) The cards show a weak moment, with potential “death crosses” forward. Solana (Salt) has already broken key weekly support levels. “This is not the moment to catch the decline of knives,” warns the report.

In Nansen’s opinion, it is time to stay aside until the more favorable environment of macro and politics appear.

“Don’t fight the cassette,” the note emphasizes. “Patience is a virtue.”