Trump Implements New Tariff Rates on U.S. Trade Partners

Donald Trump announced on July 4, 2025, that the United States will send letters to trade partners with new unilateral tariff rates. The tariffs could commence on August 1.

These tariff changes focus on driving trade balance adjustments with countries like the EU and Japan. Currently, the financial markets show resilience, but multiple economists warn of potential inflationary issues that might follow.

Economists Warn of Inflation Amid U.S. Tariff Moves

On July 4, President Trump began sending letters to trade partners about new tariffs set to start in August. These tariffs aim to adjust the balance with key economies. Trump confirmed up to 12 countries will receive these letters by July 9. Tariff rates vary from 10% to 70%, possibly reaching 35% for Japan, according to his statements.

“The rates will range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,” Trump noted, emphasizing the scale of new tariff duties. The U.S. economy could face supply chain disruptions from these tariffs if negotiations do not succeed by July 9. Economists caution against possible knock-on effects on consumer prices and inflation. However, despite these measures, U.S. equities have reached new highs, indicating initial market resilience.

“By the ninth they’ll be fully covered,” Trump asserted, referring to the critical July 9 deadline for closing trade deals before imposing tariffs.

Historical Context, Price Data, and Expert Insights

Did you know? During previous U.S.-China tariff disputes under Trump, Bitcoin trading volumes surged significantly, serving as a hedge against fiat currency fluctuations and uncertainties.

Ethereum (ETH) sees modest fluctuations with a current price of $2,511.81, according to CoinMarketCap. Despite a 1.46% drop over 24 hours, ETH reflects a resilient trend, with its value climbing 39.78% in the past 60 days. Its 24-hour trading volume recently declined by 29.61%, maintaining a market cap of $303.22 billion.

Coincu’s research sees potential shifts in the global market dynamics if these tariffs escalate. Relying on historical data, they predict that cryptocurrencies like Bitcoin might see increased interest as financial markets anticipate volatility.