Bitcoin Market Braces for Volatility Amid Trump’s New Tariff Announcement
The post Bitcoin Market Braces for Volatility Amid Trump’s New Tariff Announcement appeared on BitcoinEthereumNews.com. Key Points: Trump announces 30% tariffs on imports from the EU and Mexico. Tariff implementation to begin on August 1, causing global trade disruptions. Household costs are predicted to rise significantly. Donald Trump, President of the United States, has announced a 30% tariff on imports from the European Union and Mexico, effective August 1. This marks the highest U.S. average tariff since 1910. On July 12, 2025, President Donald Trump unveiled the imposition of a 30% tariff on imports from the European Union and Mexico, set to begin August 1. This tariff announcement positions the U.S. at the highest tariff rate since 1910, reinforcing Trump’s ongoing protectionist approach to trade policy. Tariff Impact: Raised Costs and Trade Flow Alterations Market reactions have been immediate, with copper traders shifting over 230,000 tons away from China to the U.S., creating shortages and profits through increased arbitrage. David Lilley, Commodity Trader, reflected on this by stating: Industry leaders have voiced confusion and concern regarding customer responses and logistical hurdles, with an Unnamed CEO from the Commodities Sector noting: “We have no idea how customers will handle it. We tried to forewarn them.” The best physical trading opportunity I have seen, referencing the abnormal arbitrage created by rushed copper deliveries pre-tariff. Market Data and Insights Did you know? The last time U.S. tariffs reached similarly high levels was more than a century ago, emphasizing this tariff’s historical significance and potential for global trade disruptions. As reported by CoinMarketCap, Bitcoin (BTC) currently trades at $118,052.42, with a market cap of $2.35 trillion. Over the last 24 hours, trading volume has seen a decline of 16.29% to $58.66 billion. Bitcoin’s circulating supply stands at 19.89 million BTC. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 16:43 UTC on July 18, 2025. Source: CoinMarketCap Insights from the Coincu…
The post Bitcoin Market Braces for Volatility Amid Trump’s New Tariff Announcement appeared on BitcoinEthereumNews.com.
Key Points: Trump announces 30% tariffs on imports from the EU and Mexico. Tariff implementation to begin on August 1, causing global trade disruptions. Household costs are predicted to rise significantly. Donald Trump, President of the United States, has announced a 30% tariff on imports from the European Union and Mexico, effective August 1. This marks the highest U.S. average tariff since 1910. On July 12, 2025, President Donald Trump unveiled the imposition of a 30% tariff on imports from the European Union and Mexico, set to begin August 1. This tariff announcement positions the U.S. at the highest tariff rate since 1910, reinforcing Trump’s ongoing protectionist approach to trade policy. Tariff Impact: Raised Costs and Trade Flow Alterations Market reactions have been immediate, with copper traders shifting over 230,000 tons away from China to the U.S., creating shortages and profits through increased arbitrage. David Lilley, Commodity Trader, reflected on this by stating: Industry leaders have voiced confusion and concern regarding customer responses and logistical hurdles, with an Unnamed CEO from the Commodities Sector noting: “We have no idea how customers will handle it. We tried to forewarn them.” The best physical trading opportunity I have seen, referencing the abnormal arbitrage created by rushed copper deliveries pre-tariff. Market Data and Insights Did you know? The last time U.S. tariffs reached similarly high levels was more than a century ago, emphasizing this tariff’s historical significance and potential for global trade disruptions. As reported by CoinMarketCap, Bitcoin (BTC) currently trades at $118,052.42, with a market cap of $2.35 trillion. Over the last 24 hours, trading volume has seen a decline of 16.29% to $58.66 billion. Bitcoin’s circulating supply stands at 19.89 million BTC. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 16:43 UTC on July 18, 2025. Source: CoinMarketCap Insights from the Coincu…
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