The 15% tariffs imposed by Trump are very likely a "bottomless pit."

The Supreme Court rejected only plan A (the Emergency Economic Act—used during presidential emergencies), and then Trump continued to raise tariffs with plan B (1974 Trade Act—used for international balance of payments.
Besides plan B, Trump still has bullets like national security and unfair trade to use. So as long as Trump wants to fight, the trade war won't end.
Looking at global assets, gold and silver are rising, and stock markets that can open, such as Korea, Hong Kong, and Vietnam, are also up. Only the crypto market is plummeting; this isn't some big environmental issue but a market correction. However, this is also a good thing, as it means the bottom is getting closer.