Singapore
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Get Guaranteed Publications in minimum 40 Media Outlets for Just S$50
Try it >>
press release

/ Trump’s New Tariff Strategy and Its Impact to Crypto Market: Latest Update!

Trump’s New Tariff Strategy and Its Impact to Crypto Market: Latest Update!

Bitrue
Trump's new tariff strategy sparks global trade tensions, impacting markets and crypto. Discover how Bitcoin reacts, key developments, and potential economic risks in our latest update!
preview

On Thursday, U.S. President Donald Trump announced his intent to impose reciprocal tariffs, matching the rates other nations charge for American goods. This move, aligned with his protectionist economic policies, has raised concerns over potential global economic instability.

Market analysts warn that Trump tariffs could exacerbate inflation and disrupt international trade, while financial markets, including cryptocurrencies, react with heightened volatility.

Trump’s Tariff Strategy

Trump’s proposed tariffs aim to counter what he considers “unfair trade practices” by countries such as India, Brazil, and Vietnam, which impose high import duties on U.S. goods.

By enforcing reciprocal tariffs, Trump’s administration seeks to narrow the disparity in trade duties and protect American industries. However, critics argue that such measures could increase U.S. consumers' costs, as import prices rise.

Additionally, diplomatic negotiations, particularly with India, may impact the final implementation of tariffs. Indian Prime Minister Narendra Modi has engaged in discussions with U.S. officials, suggesting possible adjustments in trade agreements.

However, uncertainty remains, especially regarding trade relations with China and Mexico, two key U.S. trading partners.

Market Reactions and Bitcoin’s Volatility

Source: Bitrue Market
Source: Bitrue Market

The cryptocurrency market, particularly Bitcoin (BTC), has exhibited significant volatility following Trump’s tariff announcement.

Historically viewed as a hedge against economic instability, Bitcoin experienced a sharp decline after Trump’s initial tariff announcement in early February, dropping from $102,000 to $91,000 before rebounding to $98,000.

As of the latest data, BTC is trading at $97,058, marking a +0.86% over the past 24 hours. Market indicators, such as the Relative Strength Index (RSI) at 52.48, suggest bearish momentum, with potential movement toward oversold conditions shortly.

Timeline of Key Developments

1. February 13, 2 p.m. EST: Trump signed a memorandum directing federal agencies to conduct a country-by-country review to determine reciprocal tariffs. Bloomberg reports that this review process could take weeks or months before tariffs take effect.

2. February 13, 6:46 a.m. EST: Trump declared on Truth Social: “THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” signaling his commitment to implementing the policy.

3. February 11, 6:00 a.m. EST: European Commission President Ursula von der Leyen criticized the tariffs on European steel and aluminum, warning of retaliatory measures from the EU.

4. February 10: Trump imposed a 25% tariff on steel and aluminum imports, including on allies who had previously received exemptions. This led to a surge in stock prices for U.S. Steel (8.2%) and Alcoa (4.65%).

5. February 9, 7:00 a.m. EST: The European Commission warned that tariffs could disrupt transatlantic supply chains and fuel inflation, arguing that U.S. businesses and consumers would bear the brunt of the cost increases.

6. February 8, 4:30 p.m. EST: Trump announced plans for a 25% tariff on all steel and aluminum imports, along with reciprocal tariffs. Uncertainty looms over when these tariffs will be fully implemented.

7. February 7, 2:00 p.m. EST: Trump reversed his decision to eliminate the “de minimis” loophole, which allowed small-value Chinese imports to bypass duties. However, he pledged to reinstate it once a new tariff collection system is established.

8. February 5, 6:15 a.m. EST: Bitcoin and Ethereum experienced significant price drops due to fears of an escalating trade war. Bitcoin fell 3.6%, while Ethereum plunged more than 15% in 24 hours.

9. February 3, 6:30 a.m. EST: The U.S. Dollar Index surged to a two-year high, while U.S. stock futures declined as markets reacted to tariff announcements.

Global Trade Implications

Countries targeted by Trump’s tariffs, including China, Canada, Mexico, and the EU, have signaled potential countermeasures.

China, for instance, announced retaliatory tariffs on U.S. imports such as coal, crude oil, and large automobiles, while also launching an antitrust investigation into Google.

Additionally, the European Commission emphasized its commitment to defending European industries against what it sees as unjustified U.S. tariffs.

Australia, a close U.S. ally, has also sought exemptions from the new tariffs, highlighting the significant economic impact on its steel and aluminum industries. 

Prime Minister Anthony Albanese has scheduled an urgent call with Trump, emphasizing the mutual economic benefits of U.S.-Australian trade.

Conclusion

Trump’s reciprocal tariff strategy has reignited global trade tensions, with potential ripple effects on various industries, stock markets, and cryptocurrencies.

While the proposed tariffs align with his America-first economic agenda, they also introduce economic risks, including inflation, supply chain disruptions, and geopolitical uncertainty.

As countries react with countermeasures and market volatility continues, investors and policymakers alike must navigate a rapidly evolving economic landscape.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
Contact
Fransiskus Email: fransiskus@bitrue.com

Categories
Cryptocurrency

Other Press Release
Cryptocurrency
Top 11 Meme Coins and Altcoins to Watch in July 2025, Potential to Reach ATH in This Month!
Bitrue
Jun 29, 2025

Cryptocurrency
Solana (SOL) Price Prediction July 2025, Is a Bullish Breakout on the Horizon?
Bitrue
Jun 29, 2025

Cryptocurrency
Bitcoin Surges to $107K, Is a New All-Time High on the Horizon?
Bitrue
Jun 29, 2025

Cryptocurrency
Bitcoin Price Rebound, Gold Comparison, and Expert Shift in Crypto Allocation: What It Means for Investors
Bitrue
Jun 29, 2025

Cryptocurrency
XRP News Today! Ripple CEO's Tattoo, Legal Milestones, and the Bold XRP $20,000 Prediction
Bitrue
Jun 29, 2025

Cryptocurrency
Crypto Market Update: July Sparks BTC Momentum, Geopolitical Shifts Drive Investor Sentiment
Bitrue
Jun 29, 2025

Cryptocurrency
Ethereum on the Brink: Will ETH Crash Below $2,400 or Explode Toward $3,000 as War Fears Roil Markets?
Bitrue
Jun 22, 2025

Cryptocurrency
EU Crypto Volumes Skyrocket 70%—Is America Falling Behind Under Trump’s Watch?
Bitrue
Jun 22, 2025

Cryptocurrency
Crypto Market Crashes as U.S.—Iran Conflict Escalates: Bitcoin Falls Below $100K
Bitrue
Jun 22, 2025

Cryptocurrency
Bitcoin Mirrors 2017 Surge as Geopolitical Tensions and Macro Forces Shake Crypto Market
Bitrue
Jun 22, 2025

Cryptocurrency
XRP News Today! Ripple’s Legal Saga Deepens as Speculation Roils XRP Market
Bitrue
Jun 22, 2025

Cryptocurrency
Solana in the Spotlight: Whale Transfers, ETF Hype, and Institutional Moves Spark Investor Frenzy
Bitrue
Jun 17, 2025

Cryptocurrency
XRP News Today! XRP ETF Speculation Surges as SEC Settlement Nears Final Stage, Despite Market Volatility
Bitrue
Jun 13, 2025

Cryptocurrency
Crypto News Today! Market Plunges Amid Geopolitical Crisis, Trump Tariffs, and Massive Liquidations
Bitrue
Jun 13, 2025

Cryptocurrency
XRP News Today! XRP to Explode Past $25 or Plummet Below $1? Here’s the Analysis
Bitrue
Jun 11, 2025

Cryptocurrency
Bitcoin (BTC) New ATH in June 2025 Amid Whale Trades? Here's the Analysis
Bitrue
Jun 10, 2025

Cryptocurrency
Trump, Crypto, and Controversy: Inside the $TRUMP Coin and Wallet Saga
Bitrue
Jun 06, 2025

Cryptocurrency
Choda-Chodi, from Bengali Slang to Hypothetical Crypto Phenomenon
Bitrue
Jun 05, 2025

Cryptocurrency
What is Build On BNB? BOB Price Prediction 2025–2028
Bitrue
Jun 05, 2025

Cryptocurrency
XRP News Today! Ripple’s RLUSD Approved in Dubai, XRP Price Skyrocketing? Here’s the Analysis
Bitrue
Jun 04, 2025

Cryptocurrency
Everything You Need to Know about Agenda 47! Tokenomics, Market Outlook, and A47 Price Predictions 2025–2028
Bitrue
Jun 04, 2025

Cryptocurrency
Crypto News! $BLUM Will Launch Soon with Snapshot and Blum Airdrop Details Amid Market Uncertainty
Bitrue
Jun 03, 2025

Cryptocurrency
Diving Deeper Into TUFT Token and TreasureFun: A Comprehensive Guide to the NFT Ecosystem’s Rising Star
Bitrue
Jun 02, 2025

Cryptocurrency
8 Promising Crypto Airdrops in June 2025, More Than Just Free Tokens
Bitrue
Jun 02, 2025

Cryptocurrency
XRP News Today! XRP Price Breakout? Check Out the Analysis Here
Bitrue
Jun 02, 2025

Cryptocurrency
XDC Network Price Prediction and Market Outlook 2025–2030
Bitrue
Jun 01, 2025

Cryptocurrency
What is Beeg Blue Whale? Here’s BEEG Token Analysis and Price Prediction 2025-2030
Bitrue
May 28, 2025

Cryptocurrency
XRP Price Prediction June 2025, Poised for a Major Breakout? This is Everything You Need to Know
Bitrue
May 27, 2025

Cryptocurrency
Pepe Coin Price Prediction 2025: Technical Trends, Cultural Momentum, and Investment Outlook
Bitrue
May 25, 2025

Cryptocurrency
NEXPACE (NXPC) Price Prediction and Market Analysis: What to Expect from 2025 to 2050
Bitrue
May 25, 2025

Cryptocurrency
What is Trump Dinner? Crypto, Controversy, and a Steak Dinner: Inside Donald Trump's $TRUMP Meme Coin Gala
Bitrue
May 25, 2025

Cryptocurrency
Brainrot (ROT) Price Prediction 2025: Can This Meme Coin Find Its Momentum Again?
Bitrue
May 25, 2025

Cryptocurrency
Bitcoin Breaks Records, Road to $120.000? A Comprehensive Analysis
Bitrue
May 25, 2025

Cryptocurrency
Bitcoin Price Crosses All-Time High? Check Out the Following Explanation
Bitrue
May 23, 2025

Cryptocurrency
XRP News Today! Governance & Launchpad DApp Set to Transform the XRPL
Bitrue
May 21, 2025

Mobile games
11 Fun Telegram Games to Play, Give Free Crypto Tokens as Rewards!
Bitrue
May 15, 2025

Cryptocurrency
What is Treasure Fun? A Dual-Faced Digital Experience, Innovation or Deception?
Bitrue
May 15, 2025

Cryptocurrency
TUFT Token Price Prediction and Investment Outlook: Everything You Need to Know
Bitrue
May 15, 2025

Cryptocurrency
Space and Time (SXT) Price Prediction 2025–2040: A Comprehensive Outlook
Bitrue
May 14, 2025

Cryptocurrency
A Comprehensive Analysis of BlockDAG ($BDAG) Price Prediction
Bitrue
May 13, 2025

Cryptocurrency
XRP at a Crossroads: Legal Breakthroughs, Political Endorsement, and ETF Hype Fuel Market Momentum
Bitrue
May 13, 2025

Cryptocurrency
Solayer Price Prediction 2025: Unlocking Scalable Staking and Liquidity on Solana through Layer-2 Innovation
Bitrue
May 11, 2025

Cryptocurrency
What is Dawgz AI and $DAGZ Price Prediction 2025-2040
Bitrue
May 10, 2025

Cryptocurrency
Get to Know about RuviAI and $RUVI Price Prediction in 2025: Can it reach $1?
Bitrue
May 09, 2025

Cryptocurrency
What is Italian Brain Rot? Get to Know Everything about the Characters
Bitrue
May 09, 2025

Cryptocurrency
Bitcoin Price to Return Above $100,000? Here's the Analysis
Bitrue
May 08, 2025

Cryptocurrency
XRP News! Vaultro Finance and the Evolution of Decentralized Finance on the XRP Ledger
Bitrue
May 08, 2025

Cryptocurrency
XRP News Today! XRP at a Crossroads: Legal Limbo, Technical Glitches, and ETF Hopes Define Market Sentiment
Bitrue
May 05, 2025

Cryptocurrency
Understanding Treasure Fun and TreasureNFT: The Concerning Side of Potential Scam
Bitrue
May 04, 2025

Cryptocurrency
Everything about Initia, INIT Price Prediction 2025-2040
Bitrue
May 04, 2025

Bitrue
URL
https://www.bitrue.com/
Industry
Service
Weekly Release Ranking
May 13, 2025 2025
A Comprehensive Analysis of BlockDAG ($BDAG) Price Prediction
Bitrue
VRITIMES Video
vricrew bannervritimes na euvritimes jpFree consultationManual EbookPR College