由於市場參與者希望北京對特朗普的關稅加息的回應，這在亞洲是一個冒險的一天

在亞洲，這是一個冒險的一天，因為交易者希望北京對美國總統唐納德·特朗普對中國和其他亞洲國家的互惠關稅的回應。

President Donald Trump announced on Wednesday sweeping reciprocal tariffs on imports from 180 nations and an increment to the existing 20% tax on goods from China, in addition to raising the total levy to 54%, the highest for any nation.

唐納德·特朗普（Donald Trump）總統週三宣布，除了將總稅率提高到54％，對任何國家的最高稅率提高了總徵稅，對180個國家的進口和現有20％的商品稅的進口稅率增加。

However, the latest action will not affect Canada and Mexico, despite the fact that Trump previously threatened to impose a 25% tariff on all goods from the North American neighbors.

但是，儘管特朗普此前威脅要對北美鄰國的所有商品徵收25％的關稅，但最新的行動不會影響加拿大和墨西哥。

Now, the ball is in China’s court as the nature of its retaliation could determine the market reaction.

現在，球在中國法院，因為其報復的性質可以決定市場反應。

“Everything now depends on China. If China devalues the Yuan in response to today's large, additional US tariffs, that sets off a global risk-off that hits EMs (Emerging Markets) first and then - if it persists - spills back to the US. China has so far kept a very low profile. That may now end,” Robin Brooks, managing director and chief economist at the International Institute of Finance, said on X, formerly known as Twitter.

“現在的一切都取決於中國。如果中國為了應對當今的大型美國關稅而貶低人民幣，這將首先開始打擊EMS（新興市場）的全球風險，然後 - 然後 - 如果它堅持下去 - 中國將回到美國。到目前為止，中國已經保持了很低的知名度。

Earlier on Thursday, Beijing urged the U.S. to lift tariffs and vowed to retaliate immediately.

週四早些時候，北京敦促美國提高關稅，並發誓立即進行報復。

Meanwhile, the Chinese yuan dropped to a seven-week low of 7 RMB/USD alongside losses in the Asian equities and an impending ‘death cross’ on bitcoin (BTC).

同時，中國人民幣在亞洲股票中的損失以及比特幣（BTC）上即將來臨的“死亡十字架”（BTC）下降至7 rmb/usd的7週低點。

Letting the yuan depreciate, which makes Chinese goods more attractive in international markets, is one way to counter Trump’s tariffs.

讓人民幣貶值使中國商品在國際市場上更具吸引力，這是應對特朗普關稅的一種方式。

That said, it could spell trouble for carry (currency) trades and scare financial markets, as observed in 2015 and 2018. Besides, potential intervention by the People’s Bank of China (PBoC) to stall a rapid yuan decline can boost the dollar index, inadvertently weighing over risk assets, including stocks and cryptocurrencies.

話雖如此，正如2015年和2018年所觀察到的那樣，這可能會使（貨幣）交易和恐嚇金融市場造成麻煩。此外，中國人民銀行（PBOC）的潛在干預措施使快速的人民降低會迅速下降，可以提高美元指數，無意間過度地體重超過風險資產，包括股票和加密貨幣。

It’s no coincidence that Asian equities traded in the red at press time, with Japan’s Nikkei hitting an eight-month low. The U.S. stock futures fell over 2%, presenting a picture of risk-off mode.

亞洲股票在發稿時以紅色交易並非偶然，日本的尼克基（Nikkei）達到了八個月的低點。美國股票期貨下跌超過2％，呈現出風險模式的圖片。

Bitcoin (BTC), the leading cryptocurrency by market value, traded at around $83,300, having dropped from $88,000 to $82,500 following Trump’s tariffs announcement, according to CoinDesk market data.

根據Coindesk Market Data的數據，比特幣（BTC）是市場價值的主要加密貨幣，在特朗普的關稅宣布之後，比特幣（BTC）的交易價格約為83,300美元，從88,000美元降至82,500美元。

The 50-day simple moving average (SMA) of the cryptocurrency’s spot price appears on track to cross below its 200-day SMA, confirming what is known as the “death cross” bearish technical pattern.

加密貨幣的現貨價格為50天的簡單移動平均線（SMA）出現在其200天SMA以下的正軌上，證實了所謂的“死亡十字架”看跌技術模式。

Usually, a 50-day SMA crossing a 200-day SMA is seen as a сигнал of a short-term rally or a long-term bear market. However, the crypto market has displayed a surprising resilience to selloffs over the past year.

通常，越過200天SMA的50天SMA被視為短期集會或長期熊市的照現象。但是，加密貨幣市場在過去一年中對拋售表現出了令人驚訝的彈性。

The 50-day SMA is currently at $83,700, while the 200-day SMA stands at $82,800. As BTC trades at $83,300, it is clear that the 50-day SMA will pass through the 200-day SMA later today or tomorrow.

50天的SMA目前為83,700美元，而200天的SMA為82,800美元。由於BTC的交易價格為83,300美元，很明顯，50天的SMA將通過今天或明天的200天SMA。

This technical pattern is being observed amid heightened trade tensions between the U.S. and China, with both sides adding more tariffs on each other’s goods.

在美國和中國之間的貿易緊張局勢加劇，雙方對彼此的商品增加關稅，這一技術模式正在觀察到。

Earlier this week, Trump announced plans to impose a 34% tariff on goods imported from China in addition to the existing 20% tax, bringing the total levy to 54%, the highest for any nation.

本週早些時候，特朗普宣布，除現有20％的稅收外，從中國進口的商品徵收34％的稅率，使總稅率達到54％，這是任何國家的最高稅款。

The latest action will not affect Canada and Mexico despite the fact that Trump previously threatened to impose a 25% tariff on all goods from the North American neighbors.

儘管特朗普此前威脅要對北美鄰國的所有商品徵收25％的關稅，但最新的行動不會影響加拿大和墨西哥。

According to reports, Trump is also planning to announce a new round of tariffs on goods from the European Union, which could further escalate the trade war.

據報導，特朗普還計劃宣布對歐盟商品的新一輪關稅，這可能會進一步升級貿易戰。

The U.S. president has been a vocal critic of China's trade practices, which he claims are unfair to American workers and businesses. He has set out to renegotiate or withdraw the U.S. from several trade deals that he deems unfavorable to the nation.

美國總統一直是中國貿易慣例的聲音批評家，他聲稱這對美國工人和企業不公平。他已經著手重新談判或從他認為對國家不利的幾項貿易協議中撤出。

In addition to the broad-based tariffs, Trump has also announced plans to impose tariffs on specific products, such as solar panels and washing machines.

除了基於廣泛的關稅外，特朗普還宣布了對特定產品（例如太陽能電池板和洗衣機）徵收關稅的計劃。

These actions have been met with criticism from economists, who say that they will ultimately harm consumers and the global economy.

這些行動已受到經濟學家的批評，他們說他們最終會損害消費者和全球經濟。

However, Trump remains committed to his agenda of using tariffs to balance the trade deficit and create jobs in the U.S.

但是，特朗普仍然致力於使用關稅來平衡貿易赤字並在美國創造就業機會的議程

It remains to be seen what impact these tariffs will have on the markets. However, they are likely to increase volatility and put pressure on equities and cryptocurrencies.

這些關稅將對市場產生什麼影響還有待觀察。但是，它們可能會增加波動性，並向股票和加密貨幣施加壓力。

As Paymon Mohsin , crypto derivatives researcher at Amberdata, Inc., told CoinDesk in an email: “Volatility is still low out to June but there is a clear preference for puts (bearish) over calls (bullish) in

正如Amberdata，Inc。的加密衍生品研究人員Paymon Mohsin所說的那樣，在一封電子郵件中告訴Coindesk：“波動性仍然很低，直到6月，但對Puts（看跌）而不是呼叫（Bullish）的偏愛（看跌）