A notable shift in global trade dynamics is unfolding as the current administration escalates tariff threats against European nations while pursuing strategic territorial interests. According to a strategist from a major investment management firm, this represents a critical turning point for market positioning—dubbed "Liberation Day part two." The escalating trade tensions between the US and Europe introduce fresh volatility factors into the financial markets. With tariff uncertainty hanging over international commerce, investors in crypto and traditional markets are recalibrating their risk assessments. Such geopolitical moves historically trigger capital reallocation and can amplify market swings across assets.