Trump’s New Tariffs Could Shake Up Global Trade and Crypto Markets

President Trump plans to impose tariffs of up to 70% on various countries, affecting trade relations from August 1. Letters will be sent to countries on July 4. The decision aims to protect American industries, particularly steel and aluminum. Immediate effects include market volatility and shifts in investor sentiment, likely impacting cryptocurrency markets as well.

President Trump announced a new round of tariffs targeting 10 to 12 countries with rates ranging from 10% to 70%. These tariffs will be effective beginning August 1, with notifications starting Friday. This action follows Trump’s agenda to renegotiate trade terms and safeguard domestic industries. While details of the affected products are not fully clear, the focus remains on steel and aluminum. The decision could lead to increased costs for imported goods, potentially affecting the overall market structure. Reactions from global markets have been mixed, with analysts predicting potential shifts in trade patterns and investor behaviors. As President Trump has stated, “We made deals, but I’d rather just send them a letter, a very fair letter, saying ‘congratulations, we’re going to allow you to trade in the United States of America, you’re going to pay a 25% tariff, or 20%, or 40 or 50%’”.

Trump Tariffs Up to 70% Target Key Industries

President Trump announced a new round of tariffs targeting 10 to 12 countries with rates ranging from 10% to 70%. These tariffs will be effective beginning August 1, with notifications starting Friday. This action follows Trump’s agenda to renegotiate trade terms and safeguard domestic industries.

The decision could lead to increased costs for imported goods, potentially affecting the overall market structure. Reactions from global markets have been mixed, with analysts predicting potential shifts in trade patterns and investor behaviors.

Reactions from global markets have been mixed, with analysts predicting potential shifts in trade patterns and investor behaviors.

Crypto Markets Brace for Tariff-Induced Volatility

Did you know? During Trump’s first presidential term, tariffs led to market volatility, impacting financial sectors, including cryptocurrencies, as traders looked for safe-havens like Bitcoin.

Bitcoin’s current price stands at $109,096.42, with a market cap of $2.17 trillion. It dominates at 64.45% in the crypto market, as reported by CoinMarketCap on July 4, 2025. Recent price changes include a 0.16% increase in 24 hours, with notable gains of 15.55% over 60 days.

Expert analysis from the Coincu research team suggests that new tariffs could alter global commerce, contributing to an unsettled environment for international investors. Historical trends show an inclination towards digital assets like Bitcoin during economic uncertainties, indicating potential shifts in capital allocation. The Pledge for a Crypto Revival offers insights into the administration’s potential strategies amid these tariff implementations.