On July 2, 2025, the US will impose new trade tariffs on imports from over 100 countries, which may have implications for various sectors and financial markets at large.
Overview of New Tariffs
US Deputy Treasury Secretary Michael Faulkender announced a baseline tariff of at least 10% on imports from over 100 countries. These measures are designed to support the 'America First' agenda and are part of forthcoming trade agreements, with tariffs varying based on trade relationships with specific countries.
Market Consequences
The increase in tariffs could lead to volatility in markets, including cryptocurrency and equities. Historically, trade conflicts have resulted in shifts in capital flows and increased risk aversion among investors, particularly in traditional and digital asset spheres. Changes in macroeconomic conditions are expected to impact the stability of currencies such as Bitcoin and Ethereum.
Expert Quotes
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The US decision to raise tariffs may incite global economic changes and provoke responses from affected countries, intensifying trade relations and presenting new challenges for financial markets.
