Reports emerged on July 8, 2025, regarding a potential 40% U.S. tariff on Myanmar and Laos. However, official sources do not confirm this information.
Unverified Tariff Claims
A review of factual sources reveals that no official statements, including those from President Trump, validate the existence of a 40% tariff on Myanmar and Laos. Official documents only mention a 10% blanket tariff aimed at anti-American practices in BRICS. Trump's statements do not specify Myanmar or Laos, focusing on countries aligning with BRICS. Community and institutional responses reflect skepticism, with no official data supporting a 40% tariff for these countries.
Impact of Tariffs on Cryptocurrencies
Historical instances of U.S. tariffs, such as the 2018-2019 trade war with China, have shown significant volatility in cryptocurrency markets, but specific reactions to Myanmar or Laos have not been noted. Current data indicates that Ethereum (ETH) is trading at $2,542.66, with a market cap of $306.94 billion, and a 24-hour trading volume of approximately $18.30 billion. Over the past 90 days, Ethereum has seen a price increase of 73.71%.
Market Analysis and Potential Consequences
Research indicates that there are currently no regulatory changes directly linked to tariffs on Myanmar or Laos. Market analysts believe that clarity and specific country mentions could influence potential reactions in both traditional and cryptocurrency markets.
Historical data suggests that any changes in tariffs can affect financial markets. In the current case, clarity about mentioned countries is necessary to assess potential impacts on investors and the economy as a whole.
