US President Trump Announces New Tariff Plan Starting August 2025

2 mins mins

Key Points:

President Trump sets new tariff deadlines impacting global markets.
Tariffs range from 10% to 70% on various partners.
Potential impact on BTC, ETH, and risk assets.

US President Trump announced the imposition of new tariffs set to take effect on August 1, 2025. According to public statements, tariffs will range between 10% and 70%, focusing on countries including the EU and Japan.

The new tariffs are expected to influence global markets, increasing volatility and potential shifts in asset allocation, especially affecting cryptocurrencies. President Trump declared on social media that the tariffs will begin on August 1, 2025. This announcement follows a formal statement with no deadline extension. The targeted countries include the EU and Japan, with tariffs ranging from 10% to 70%.

Tariffs Set to Add Significant Volatility in Global Markets

The planned tariffs have stirred international markets. Analysts suggest potential economic shifts, driving volatility and possible capital flow changes into safer assets. Cryptocurrencies, especially Bitcoin and Ethereum, may experience significant repositioning as traders seek refuge from broader market instability.

Market reactions have been mixed, though no substantial statements have been reported from major figures in the financial or crypto industries. White House officials confirmed the deadline extension to August 1. Investors are reportedly considering safe-haven options, likely impacting crypto liquidity and decentralized market activities.

“The tariff rates may range from 60%, 70% to 10%, 20%. We have finalized the text of the letters, which will basically specify the tariff rates these countries will have to pay.” — Donald J. Trump, President of the United States

Historical Tariff Impacts on Cryptomarket Dynamics

Did you know? During Trump’s previous tariff impositions in 2018-2019, Bitcoin’s value surged due to increased market volatility, highlighting cryptocurrency as a potential safeguard amidst global economic uncertainties.

Bitcoin currently trades at $108,372.03, with a market cap of $2.16 trillion and a 24-hour volume of $45.38 billion, according to CoinMarketCap. The value shows a 40.08% increase over 90 days, reflecting heightened interest amidst economic announcements.

bitcoin-daily-chart-2053 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:22 UTC on July 8, 2025. *Source: CoinMarketCap*

Coincu research indicates that Trump’s tariff plans could prompt notable shifts in financial and crypto markets, as history suggests. Asset flows may favor stablecoins and alternative avenues during times of market uncertainty, potentially reinforcing Bitcoin’s status as a financial hedge.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.