Trump Tariffs: Schiff Says Markets Play Chicken as BTC Hits ATH
Trump Tariffs: Bitcoin Hits ATH as August 1 Deadline Nears
Peter Schiff recently noted that traders seem confident the US President will not follow through with his proposed tariff rates. In his post, Schiff said the markets are “playing a game of chicken with Trump,” suggesting that investors believe he will delay the tariff decision again, as he has in the past. He ended with “TACO no más,” hinting that his ego could change the outcome this time. Rather than warning of a crash, Schiff was pointing out how relaxed markets have become around the recurring Trump tariffs strategy.
Source: Peter Schiff Twitter
But one crypto project associated with the US President seems to be setting itself up in such a manner that indicates further cards are being played behind the announcements.
Previous Trump tariffs Followed a Familiar Pattern
Since February 2025, the Trump administration has announced multiple tariffs, each triggering temporary market declines.
In April, the president announced a combined 104% duty on Chinese imports.
China responded with 34% tariffs on US goods and restricted exports of some rare earth materials.
The Crypto Market reacted quickly, Bitcoin and Ethereum saw double-digit crashes.
The S&P 500 and Nasdaq posted sharp losses.
In May, the President expanded tariffs to include the European Union, targeting both EU goods and foreign-manufactured Apple products.
The resulting panic erased $1.5 trillion from U.S. markets in days. Still, he pushed back the deadline to July 9 following talks with EU leadership, and the increase is now delayed until August 1.
Source: TradingView
During the Trump China trade war the market crashed, Bitcoin decline 4% went to $74,647, while Ethereum declined 10% to $1,396.
WLFI Activity During Market Uncertainty Draws Attention
During this period of market stress, World Liberty Financial (WLFI), a crypto project tied to the president's network, made a series of notable buyings.
On April 12, WLFI acquired 4.89 million SEI tokens with $775,000 USD. According to the data by Lookonchain, altogether, WLFI has invested about $346.8 million across 11 different altcoins. WLFI’s activity often aligns with periods of tariff-related volatility.
