On August 7, 2025, U.S. President Donald Trump announced new reciprocal tariffs on Indian imports, set to take effect immediately. This measure aims to address trade imbalances between the countries.
Economic Effects of New Tariffs
U.S. President Donald Trump has implemented a 25% reciprocal tariff on Indian imports, effective immediately. This move is part of a broader trade approach by the country. According to official sources, the tariffs are intended to realign trade benefits, although no evidence supports Trump's claims of '$ billions' flowing into the U.S.
Historical Context and Impact on Cryptocurrencies
In 2018, tariffs on steel and aluminum significantly affected global commodity prices, though direct impacts on cryptocurrency markets were not observed. Currently, CoinMarketCap reports Ethereum (ETH) trading at $3,662.02 with a market cap of $442.04 billion. Its trading volume over the past 24 hours has decreased by 13.06%.
Market and Business Community Reactions
Market reactions have been mixed, with business and political leaders expressing concerns over potential strains on U.S.-India trade relations. Nevertheless, Trump's administration remains focused on reducing trade deficits. Official responses mainly come through White House channels, while the cryptocurrency community has not provided significant commentary on the issue.
The introduction of new tariffs on Indian imports represents a significant step in U.S. trade policy. The immediate consequences for the economy and the global market remain uncertain; however, the impact on cryptocurrency assets is still not apparent.
