Starting August 1, 2025, the US plans to impose tariffs on 10-12 countries, potentially causing significant impacts on global markets and cryptocurrency assets.
Tariffs on Countries and Their Scope
US President Donald Trump announced the imposition of tariffs on 10-12 countries. These tariffs will range from 10% to 70% effective August 1. The targeted economies are those that have not reached agreements with the US.
Impact on Markets and Cryptocurrencies
The changes associated with the tariffs could lead to increased market volatility. Global trade relations may become more strained, potentially affecting currency valuations. Heightened market uncertainty may also drive speculation in digital currencies like Bitcoin and Ethereum.
Historical Parallels and Future Volatility
During trade tensions between the US and China from 2018 to 2020, Bitcoin and Ethereum often showed volatility as traders sought relative safety amid market uncertainties. Studies indicate that tariff measures might indirectly influence cryptocurrency markets through traditional financial stress.
The imposition of US tariffs could disrupt global trade flows and influence cryptocurrency markets, particularly Bitcoin and Ethereum, where similar trends have historically emerged during times of economic uncertainty.
