What Trump has been doing for United States will definitely be fruitful in the long term as United States as a country doesn't need to depend on others like China for manufacturing semiconductors or other electronic equipments in the future. This will definitely improve the lives of Americans and the manufacturing sector in the US which has been pretty much average since the days US companies such as Apple started relying on Chinese factories! Even though, this sudden tariffs tend to put a lot of strain on other countries specifically China and Vietnam, they will obviously strengthen the USD and BTC in general.
After back to back tariffs from China, as @Oshosondy pointed out Trump has paused the tariffs for 3 months and there is a good retrace in the market at the moment. The fear in the market won't last longer and there will be better developments in the foreseeable future both in terms of Bitcoin as a technology and Web3 in general. This will massively improve Blockchain sector thereby increasing the price of Bitcoin. Additionally, the market in 2018 is completely different from what it is now. Today we are being backed by institutions and large whales like Saylor. Hence going below a certain threshold price is not really possible.