PANews reported on February 26 that former Coinbase CTO Balaji tweeted that tariffs may be bad for the US economy, but good for cryptocurrencies. He explained:

Why are tariffs bad for the U.S. economy?

Production cannot be increased in a short period of time, but prices can rise quickly. The United States relies more on the benefits of currency issuance than on manufacturing profits to rebuild production.

Why are tariffs good for cryptocurrencies?

Global capital will move to the blockchain, even as offline nationalism and socialism are on the rise. The only truly enforceable cross-border contracts in the future will be smart contracts. While the economic promises of nations may be unreliable, the mathematical guarantees of cryptography are credible.