India just reported a wider current account deficit for Q3 (July-September). The culprit? That aggressive 50% tariff wave from the US administration is clearly biting into export numbers.

This isn't just about one country's trade balance. When major economies start throwing up tariff walls, it creates ripple effects across global capital flows—and that includes crypto markets. Export-dependent economies facing pressure often see currency volatility, which historically drives alternative asset interest.

Worth watching how emerging markets navigate this protectionist phase. Trade tensions have a way of reshaping investment strategies faster than anyone expects.