In 2025, the United States collected $113 billion in tariffs, an 86% increase from last year. This growth raises questions about its impact on other markets, including cryptocurrency.
Tariff Collections: General Overview
In June 2025, the U.S. government collected about $27 billion, resulting in a budget surplus of $27 billion — the first since 2005. This surplus is directly linked to recent Trump tariff announcements, which were increased and expanded in April and July, according to The Kobeissi Letter.
Trump’s New Tariffs and Their Consequences
At the beginning of July, Donald Trump made new tariff announcements targeting several countries with high tax rates, including Brazil (50%), Cambodia and Thailand (36%), Bangladesh and Serbia (35%), as well as Japan and South Korea (25%). These tariffs will take effect from August 1, and Trump stated that any retaliation would lead to even higher duties. Many experts believe Trump will continue this high-stakes tariff strategy in 2025.
Cryptocurrency Market Reaction to Tariffs
The cryptocurrency market experienced a crash earlier in 2025, partly due to fears related to tariffs. Bitcoin's price dropped to $94,000 following Trump's announcement. However, confidence returned later, and the price is now above $117,000. This might be tied to concerns regarding inflation and dollar volatility, making digital assets more attractive as fiat currencies weaken. Experts suggest that increased tariff collections may draw more regulatory scrutiny to cryptocurrencies, posing new challenges for global crypto exchanges.
The increasing tariff receipts and economic changes are generating hope and fear among crypto traders. Dollar weakness and inflation on one side could trigger demand for cryptocurrencies, while rising regulations might present headwinds for the market.
