Trump Announces New Trade Tariffs, Crypto Market Braces for Volatility

Key Points:

  • Trump announces new trade tariffs affecting multiple countries, impacting global markets.
  • Tariffs on at least seven countries starting August 1.
  • Potential crypto market volatility amid global trade tensions.

Donald Trump announced plans to unveil trade measures targeting at least seven countries on July 10, with further updates expected the same day.

The announcement signals a strategic shift in trade policy with major implications for global markets, specifically risk assets like cryptocurrencies.

Trump’s Tariffs to Enforce Up to 40% Charges

Donald Trump announced via his Truth Social account that he plans to introduce new trade measures impacting at least seven countries. These measures are set to begin August 1, affecting nations such as South Korea and Japan with potential tariffs from 25% up to 40%. “Tariffs will start being paid on Aug. 1, 2025 — No extensions will be granted,” said Trump. Read more about the announcement. Treasury Secretary Scott Bessent confirmed the “Liberation Day tariffs” for countries not advancing negotiations, emphasizing a significant policy move.

Market implications include potential volatility in the cryptocurrency sector. Similar events in the past led to fluctuations in assets like Bitcoin (BTC) and Ethereum (ETH). High tariffs could amplify currency market swings, affecting international trade and investments. No specific cryptocurrency has been referenced yet concerning this announcement.

The financial community is closely monitoring reactions from individual countries as Trump’s past tariff rounds have historically led to significant selloffs. Strategic statements from administration officials further indicate a firm stance on implementing these measures, drawing attention from both investors and policymakers globally.

Historical Context, Price Data, and Expert Insights

Did you know? During the 2018-2019 U.S.-China trade war, Bitcoin and Ethereum experienced significant selloffs as investors adjusted to increased tariffs and potential global market instability.

Cryptocurrency market data from July 8, 2025, shows Bitcoin (BTC) priced at $108,953.47, supported by a market cap of $2.17 trillion, according to CoinMarketCap. The digital currency’s 24-hour trading volume reached $44.20 billion, down by 2.69%. BTC has seen a 0.64% daily gain and a substantial 31.85% increase over 90 days.

bitcoin-daily-chart-2065

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 23:51 UTC on July 8, 2025. Source: CoinMarketCap

Potential crypto repercussions from these tariffs remain speculative, yet historical trends indicate that market volatility often ensues during international economic shifts. Coincu’s research highlights that traders may seek refuge in stablecoins or DeFi governance tokens in anticipation of dynamic market conditions triggered by geopolitical developments.

Source: https://coincu.com/347589-trump-trade-tariffs-crypto-impact/