The tariff situation just took a significant turn. New tariffs targeting Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland are set to kick in at 10% starting February 1st. That's already substantial, but here's where it gets interesting—come June 1st, those rates jump to 25% and stick until some kind of deal materializes.

For crypto markets, this kind of geopolitical escalation typically creates uncertainty. Trade tensions historically drive volatility across multiple asset classes, and we've seen how macro policy shifts can reshape portfolio hedging strategies. Whether this resolves quickly or drags on could have ripple effects on market sentiment and capital flows. Worth watching how traditional markets react, because crypto tends to follow the broader economic mood.