According to Fox News, President Donald Trump has announced a significant increase in tariffs on all foreign steel, raising them from 25% to 50% to further protect the U.S. steel industry (Source: Fox News, May 30, 2025). This move is expected to increase volatility in commodity and manufacturing stocks, while also potentially driving capital flows into alternative assets such as Bitcoin and other cryptocurrencies as investors seek hedges against increased trade tensions and inflationary pressure. Traders should monitor steel-related equities and closely watch movements in major cryptocurrencies following this policy shift.