Trump Unveils New Tariffs Impacting Global Crypto Markets

Trump announced on July 10 the imposition of new tariffs, targeting various countries including the European Union and Japan, and raising concerns in global markets.

These tariffs, announced as part of a common sense strategy, are predicted to increase the average U.S. tariff rate to 14.6%, affecting trade and market dynamics significantly.

Tariff Impact on Global Trade and Cryptos

On July 10, 2025, U.S. President Donald Trump announced new tariffs targeting multiple countries, including the European Union and Japan. The announcement, made via social media, follows Trump’s policy of imposing tariffs aimed at recalibrating trade relationships and boosting domestic industry competitiveness.

This change will increase the average U.S. tariff rate to 14.6% by August, according to an analysis by JPMorgan. Consequently, industry experts anticipate significant shifts in trade balances, potentially affecting market confidence and leading to investor caution.

The tariff formula is based on common sense. I will also be issuing more tariff notifications today. – Donald Trump, President, United States

Bitcoin’s Reaction and Expert Insights

Did you know? Tariffs can significantly alter the dynamics of global trade, affecting everything from consumer prices to international relations.

Bitcoin (BTC) currently trades at $109,187.36, holding a market cap of $2.17 trillion with a dominance of 64.05%, according to CoinMarketCap. The 24-hour trading volume reached $44.88 billion, with the price showing subtle fluctuations of 0.15% over the past day and a notable 38.00% gain over 90 days.

The Coincu research team suggests that these tariffs could lead to long-term shifts in crypto mining economics, impacting U.S.-based operations reliant on foreign hardware. The potential for increased domestic production is noted, subject to regulatory and market adaptations. Expert consensus highlights the need for strategic adjustments to accommodate these trade changes.