According to The Kobeissi Letter, President Trump has published a 'non-tariff cheating' list, highlighting countries that may be engaging in unfair trading practices. This list could significantly impact cryptocurrency markets as traders seek opportunities in potentially volatile regions. The introduction of this list may lead to shifts in international trade policies, affecting global market dynamics. Traders should monitor these developments closely for potential impacts on crypto trading volumes and price movements.

According to The Kobeissi Letter, the sudden shift from tariffs being 'refunded' back to April 5th to the absence of a tariff exception announcement within 48 hours highlights significant market uncertainties. Traders should closely monitor official communications for clarity, as such discrepancies can impact import costs and trading strategies, particularly in commodities and goods markets. The rapid change in narrative might also affect currency pairs influenced by international trade policies (Source: The Kobeissi Letter).