#Strategy加仓比特币 The global trade landscape is undergoing a dramatic transformation. Recent US policy adjustments, including tariff hikes and deficit reduction plans, are profoundly rewriting the logic of global supply chains. This is not just a change at the trade level but a systemic shift affecting capital flows and asset allocation.

**The Real Impact of Supply Chain Reshaping**

High tariff policies directly promote capacity relocation, meaning multinational companies face real choices: either adjust their sourcing structures or bear increased costs. The positions of suppliers in Central Europe and manufacturing bases in Southeast Asia are being reevaluated. Globalization is gradually shifting from pursuing "maximum efficiency" to "minimum risk," fundamentally changing factory site selection and supplier network decision-making.

**The Dollar System and Capital Flows**

Key observation: When the US adjusts fiscal and tax policies and restructures its deficit, upward pressure on the dollar follows. This can increase the cost of dollar-denominated assets and drive cross-border capital to seek hedging tools. Gold assets and certain digital assets with hedging properties may be reconsidered by global institutions for portfolio allocation.

**The Paradox of Inflation and Purchasing Power**

Massive subsidy policies attempt to maintain purchasing power, but inflation expectations are already rising. This presents a classic policy dilemma: supporting demand in the short term while potentially amplifying asset bubbles in the long term. In the crypto market, volatility is expected to increase significantly, presenting both risks and opportunities.

**Practical Insights**

In the face of such upheaval, traditional diversified portfolios may become ineffective. Capital reallocation driven by geopolitical and economic factors is underway. Is your asset allocation strategy already adapting to these changing trends?