Trump's back with another tariff card, this time targeting Mexico over a decades-old water dispute. The threat? New tariffs unless Mexico honors the 1944 treaty commitments on water delivery.

This isn't just about water rights. Tariff threats from the White House typically send ripples through risk assets. When trade tensions escalate, capital tends to flee toward safe havens—sometimes crypto benefits, sometimes it doesn't. Remember how tariff announcements moved markets back in 2018-2019?

The 1944 treaty governs water sharing between the two nations, but using trade policy as leverage here is pure Trump playbook. Markets hate uncertainty, and this kind of geopolitical poker game creates exactly that.

Keep an eye on how this develops. Cross-border tensions often correlate with volatility spikes across traditional and digital asset markets.