President Donald Trump confirmed that there will be no extension of the tariff deadlines, significantly affecting the financial markets, including cryptocurrencies.
Tariff Deadline Determination
On July 1, 2025, President Trump confirmed that there would be no extension of U.S. tariffs. This decision impacted financial markets and led to global volatility.
Reaction of the Crypto Market
Following the tariff announcement, Bitcoin fell by 1.5%, while XRP declined 5.24%. This was due to increased uncertainty regarding trade negotiations.
Impact of Political Instability
As Trump stated, "I don’t think I’ll need to". His approach to economic pressure influences investment strategies, demonstrating global economic interconnectedness. Political decisions often precede significant fluctuations in the markets.
Trump's announcement on tariff non-extension led to a decline in cryptocurrency prices, underscoring the impact of political instability on financial markets.
