On August 1, 2025, U.S. President Donald Trump imposed temporary import tariffs on 67 countries, escalating global trade tensions and negatively impacting cryptocurrency markets.
Introduction on Trump Tariffs
President Donald Trump signed an executive order imposing reciprocal tariffs on 67 countries, marking a significant component of his economic policy. These measures are a response to trade practices that, according to the administration, harm American workers.
Crypto Market Reaction to Tariffs
Cryptocurrency markets reacted to the tariff implementation with plummeting prices. BTC fell below $115,000, while ETH dropped to $3,700. Market uncertainty has heightened volatility in assets, with a 7% reduction in total crypto market capitalization.
Future Consequences for Global Economy
The economic implications of the tariffs could lead to further market volatility and decreased investment attractiveness. International relations and economic stability are at risk. Analysts predict that tariffs might lead to regulatory changes and adverse impacts on technological sectors.
Trump's tariff imposition poses significant shifts within global markets, particularly in the crypto sector. This could be just the beginning of potentially long-lasting consequences for the global economy.
