#特朗普取消对欧关税威胁

Against the backdrop of repeated negotiations in global trade relations, Trump announced the cancellation of tariffs originally scheduled to take effect on February 1, involving several core economies such as the UK, France, and Germany. This decision itself is a clear "signal of easing."
For the market, the short-term emotional impact will be more evident.
The removal of tariffs reduces concerns about the escalation of trade frictions between Europe and the United States, helping to alleviate the risk aversion sentiment previously accumulated due to policy uncertainties. Risk assets, especially US and European stocks, industrial commodities, and export-oriented companies, may experience a phased recovery.
It also exerts some pressure on the US dollar and interest rate expectations.
Easing trade frictions means the probability of inflation being pushed higher again decreases. The logic of the Federal Reserve maintaining high interest rates will be weakened, and the US dollar may face short-term pressure. Non-US assets and emerging markets have room to breathe.
For the cryptocurrency market, this is an "indirect positive."
Although tariff policies do not directly impact the crypto market, the decline in macro uncertainty and the rebound in risk appetite often benefit capital flows back into high-volatility assets. If the stock market stabilizes and the US dollar weakens, BTC and mainstream cryptocurrencies are likely to see emotion-driven rebounds.
However, it should be noted that this is more like a strategic concession rather than a trend reversal. Trump has always been adept at repeatedly signaling "loose-tight" in negotiations, and the market should not over-interpret this as the complete disappearance of trade risks. In the medium to long term, structural contradictions in global trade still exist, and volatility may just be delayed rather than eliminated.
Short-term positive for risk appetite, but policy reversals should still be watched carefully in the medium term. The market is more suitable for a "recovery-type rebound" rather than a one-sided optimism.