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Trump Tariff Blitz Shakes Global Trade Table Overnight, BRICS Plots Pushback

2 weeks ago
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TLDR:

  • Trump announced new tariffs up to 250%, disrupting global trade talks and key supply chains.
  • India, Japan, Brazil, and Switzerland were among the hardest-hit by the latest U.S. trade penalties.
  • BRICS nations may coordinate a pushback, possibly steering trade toward crypto-aligned alternatives.
  • Tariff-driven volatility may drive capital flows into digital assets and decentralized finance platforms.

President Donald Trump’s latest tariff rollout has sent shockwaves through global markets. 

In a matter of hours, four major economies, India, Japan, Brazil, and Switzerland, faced abrupt new trade penalties. Tariff rates now range from 10% to 250% across key sectors. This sudden shift not only derails ongoing trade negotiations but threatens to disrupt global supply chains. 

Crypto markets, closely tied to geopolitical uncertainty, are already watching for potential capital rotations.

Trump Tariff Play: India, Japan Targeted as Trade Talks Collapse

India is facing a steep 50% tariff increase, largely tied to its continued purchases of Russian oil. Japan, meanwhile, got hit with a 15% tariff overnight. According to a Reuters report, Trump’s decision comes after weeks of stalled talks and shifting tariff outlines.

Despite talks showing progress just weeks ago, the new orders leave no room for ambiguity. All pending agreements now appear frozen. Countries previously working toward lower base rates were blindsided, despite diplomatic efforts behind closed doors.

One of the sharpest moves came with Trump’s announcement of 100% tariffs on all semiconductor imports. That puts direct pressure on tech supply chains, many of which intersect with blockchain infrastructure and mining hardware.

Even more jarring was a statement signaling 250% tariffs on pharmaceuticals “coming soon.” These sectors heavily influence global logistics and biotech startups linked to tokenized healthcare and DeFi pharma. Crypto analysts are bracing for ripple effects across related markets.

BRICS Nations Eye Coordinated Counterstrategy

Shortly after the announcement, Wise Advice posted on X that BRICS countries are “meeting to craft a coordinated response.” This could shift market dynamics significantly if retaliatory trade routes impact oil, tech, or precious metals.

A trade standoff between the U.S. and BRICS could push some countries toward crypto-based trade alternatives. Investors are already speculating on how decentralized finance might benefit from tighter traditional trade routes. 

The mention of secondary sanctions by Trump also leaves room for digital asset markets to play a role in sidestepping restrictions.

While some nations negotiated lower base rates, like Britain at 10% and Vietnam near 19%, others like India and Canada are now scrambling. The U.S. Customs and Border Protection agency confirmed that the new tariffs took effect at 12:01 a.m. Thursday. Goods in transit before that will receive a grace period until October 5.

Prices in the U.S. may not spike immediately, but trade reroutes are already in motion. 

Crypto traders are watching closely, especially with secondary sanctions possibly targeting trans-shipped goods. A 40% duty awaits any item flagged for tariff evasion. That kind of unpredictability fuels volatility, and volatility is where crypto thrives.

 

The post Trump Tariff Blitz Shakes Global Trade Table Overnight, BRICS Plots Pushback appeared first on Blockonomi.

Source: https://blockonomi.com/trump-tariff-blitz-shakes-global-trade-table-overnight-brics-plots-pushback/