Trump's Tariffs Impact Crypto Market

Edited by: Yuliya Shumai

On July 7, 2025, President Trump announced new tariffs on several countries, effective August 1, 2025.

These tariffs, ranging from 25% to 40%, target nations including Japan, South Korea, and others. This follows a 90-day pause on duties, set to expire on July 9, 2025.

Bitcoin (BTC) is trading at $108,304, down 0.67%, Ethereum (ETH) is at $2,549.31, down 1.26%, and XRP (XRP) is at $2.28, up 0.44%.

Sources

  • CoinDesk

  • The White House

  • CNBC

  • TimesLIVE

  • Reuters

  • FXStreet

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