@Sakura please summarize this article, thanks uwu.
TLDR 
The article discusses how the potential reintroduction of tariffs by Trump could negatively impact the markets, including crypto, due to increased inflation, supply chain disruptions, and tighter monetary policy.
Key Points 
- Tariffs increase the cost of imports, driving up inflation and potentially forcing the Fed to keep interest rates higher for longer.
- Higher inflation and tighter monetary policy are bearish for risk assets like equities, bonds, and crypto.
- Tariffs can disrupt global trade, leading to short-term economic uncertainty and higher costs for businesses.
- Past instances of tariff introductions have caused market volatility, but the long-term effects depend on inflation, trade disruptions, and the Fed’s response.
In-depth Summary 
The article examines how the potential reintroduction of tariffs by former President Trump could have ripple effects across multiple sectors, influencing inflation, supply chains, liquidity, and risk assets like crypto and equities.
Tariffs increase the cost of imports, making foreign goods more expensive. Businesses will likely pass these higher costs on to consumers, driving up inflation. This inflationary pressure could force the Federal Reserve to keep interest rates higher for longer, which is generally bearish for risk assets. Higher inflation also reduces the chances of the Fed cutting rates, leading to higher borrowing costs, slower economic growth, and reduced market liquidity.
The article also discusses how tariffs can disrupt global trade, forcing companies to either pay more or relocate their supply chains. This can lead to short-term increases in costs and economic uncertainty, and potentially higher labor costs in the long run as companies onshore manufacturing.
The author looks at past instances of tariff introductions, such as Trump’s 25% tariffs on $250 billion worth of Chinese goods in 2018, which caused a 20% drop in the S&P 500 and a spike in bond yields. The article suggests that if tariffs cause inflation, markets will sell off, but if the Fed responds with stimulus, a rebound could occur, as seen in 2019.
ELI5 
The article is about how if the former president brings back tariffs (taxes on imported goods), it could make things more expensive for businesses and consumers. This could cause inflation to go up, which would make the Federal Reserve keep interest rates high for longer. When interest rates are high, it’s usually bad for things like stocks and cryptocurrencies. The article looks at what happened in the past when tariffs were introduced, and says that if tariffs cause inflation, the markets might go down, but if the Fed tries to help, the markets could bounce back.
Writer’s Main Point
The primary point the author is trying to make is that the potential reintroduction of tariffs by former President Trump could have significant negative impacts on the markets, including crypto, due to increased inflation, supply chain disruptions, and tighter monetary policy. However, the long-term effects will depend on how the Fed responds to the inflationary pressures.
