Looking at the tariff landscape heading into next year, US rates are tracking toward finishing 2025 above the 15% mark. Industry analysts aren't betting on significant relief in 2026 either—most see these elevated rates becoming the new baseline. For crypto markets, this matters more than it seems. Higher tariffs typically drive inflation expectations and currency volatility, which usually correlates with shifts in capital allocation toward alternative assets. Worth watching how this plays out across Q1 2026.