On July 4, 2025, President Donald Trump announced new unilateral tariffs on trade with certain countries, which could impact the world economy and market trading.
Announcement of New Tariffs
Trump began sending letters to trade partners about new tariffs set to start on August 1. These changes aim to adjust trade balances with key economies such as the EU and Japan. According to his statements, up to 12 countries will receive these letters by July 9. Tariffs will vary from 10% to 70%, with Japan potentially facing tariffs of 35%. Trump noted, "The rates will range in value from maybe 60 or 70% tariffs to 10 and 20%."
Potential Economic Consequences
Economists warn of possible inflationary repercussions of these tariffs. There is a risk of supply chain disruptions if negotiations are not successfully completed by July 9. Despite these measures, U.S. equity markets remain resilient, reaching new highs. "By the ninth they'll be fully covered," asserted Trump, referring to the critical deadline for closing trade deals.
Cryptocurrency Market and Historical Data
During previous U.S.-China tariff disputes, Bitcoin trading volumes surged significantly. Currently, Ethereum at $2511.81 shows stability despite a 1.46% drop in the last 24 hours. The market cap of ETH stands at $303.22 billion. Research indicates potential shifts in global market dynamics if tariffs continue to escalate.
The tariffs announced by Trump could lead to significant changes in the world economy and trigger inflation. Historical data suggests that cryptocurrency markets may see such changes as opportunities for growth.
