President Trump announced that he would make a decision regarding reciprocal tariffs on imports from trading partners on February 13. He touted recent economic performance, referring to the day as significant for tariff discussion, likely in response to previous news of import tariffs sparking tensions with countries like Canada, Mexico, and China. Analysts are concerned that tariffs could elevate consumer prices, contribute to inflation, and induce market volatility, especially as the Consumer Price Index (CPI) data indicated a rise in inflation to 3%. Market analysts are closely watching the Producer Price Index (PPI) for insights into potential price increases. Some experts believe trade tariffs may lead to a weakening of the US dollar in global markets, resembling historical events like the Plaza Accord in 1985. This weakening could motivate residents of other countries to seek alternative value assets such as Bitcoin.

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