A recent JPMorgan electronic trading survey indicates that tariffs and inflation are expected to be the primary disruptors in global financial markets throughout 2025. The survey revealed that 41% of traders identified these factors as their biggest trading challenges, a rise of 28% from the previous year. The turbulence has already begun, with market volatility spiking following the announcement of 25% tariffs on various imports by former President Donald Trump. Investors are responding by adjusting their trading strategies, often opting for more conservative bets and tighter risk management as uncertainty looms. This shift in trading behavior highlights the heightened caution among traders amid ongoing geopolitical tensions and economic realignments, particularly in relation to U.S.-China trade relations. The impact of these tariffs is expected to reverberate across sectors, affecting both businesses and consumers as they navigate increased import fees and market fluctuations.