Trump Tariffs Are Pressuring Bitcoin, Bonds, Commodities, VanEck Warns
Portfolio managers at global asset manager VanEck say the Trump administration’s sweeping new tariff regime is exerting widespread pressure across asset classes, with tangible impacts already visible in digital assets, commodities, emerging markets and fixed income.
What Happened: In an assessment released on Tuesday, VanEck professionals flagged recession risk, demand shocks and currency instability as key drivers of short-term market volatility, warning that continued escalation could severely damage investor sentiment and global capital flows.
“These tariffs are much higher and worse than expected,” said Roland Morris, VanEck’s portfolio manager for commodities. “The outlook for global growth has collapsed.”
Bitcoin (CRYPTO: BTC), for example, dipped from aggressively following the announcement, though VanEck noted that the digital asset continues to outperform traditional indexes like the Nasdaq.
Still, the broader message from VanEck is that tariffs have revived trade war uncertainty and weakened the dollar, conditions that have historically influenced …