France's President is rattling the trade war saber again. Word is he's eyeing tariffs on Chinese goods over the widening trade surplus. Classic protectionist playbook, but here's the thing—these kinds of geopolitical tensions tend to spook traditional markets first, then crypto reacts. When major economies start slapping tariffs on each other, capital gets nervous. Some flows into safe havens, others hunt for alternatives outside the legacy system. Could we see another wave of investors hedging into decentralized assets if this escalates? Trade disputes have historically created volatility across the board, and digital assets aren't immune. Worth watching how Beijing responds and whether other European nations pile on. The macro backdrop matters more than people think when it comes to crypto liquidity and risk appetite.