TechFlow news, April 2 — According to a QCP Asia report on April 2, on the evening of the U.S. "Liberation Day," Trump is expected to announce a series of new tariff policies targeting Japan, China, Canada, and the EU from the Rose Garden. The U.S. appears to be isolating itself in pursuit of more favorable trade terms, but major trading partners are unwilling to concede and are instead strengthening regional cooperation, such as recent discussions among Chinese, Japanese, and South Korean officials to deepen regional trade ties.
In the short term, risk assets are expected to remain under pressure. The Federal Reserve faces a dilemma: weak consumer confidence and soft data may signal a weakening GDP in Q2, while tariffs could trigger inflationary pressures. Markets still anticipate 2.5 rate cuts in 2025, but the Fed prefers a wait-and-see approach.
Market sentiment in the cryptocurrency sector remains depressed, with Bitcoin trading lacking direction and Ethereum hovering around the $1,800 support level. Many cryptocurrencies are down 90% year-to-date, with some dropping over 30% last week. Without improvement in the macro environment or a strong catalyst, a significant market reversal is unlikely.
