07.07.2025 05:58
Former President Donald Trump announced a new 10% tariff on goods imported from nations perceived as aligning with BRICS' anti-American policies. This announcement, made via Truth Social on July 6, 2025, immediately escalated existing trade tensions. The broad scope of the tariff, with no exceptions stated, signals a significant shift in US trade policy.
The BRICS nations, comprising several major global economies, strongly condemned Trump's action. Their official statement, released following a recent summit, highlighted concerns about the potential for widespread global trade disruption and instability. The bloc specifically criticized the tariffs' incompatibility with World Trade Organization (WTO) regulations and the threat they pose to the integrity of the established international trading system. The potential impact on global supply chains is a key concern.
While immediate effects on cryptocurrency markets haven't been reported, the broader economic uncertainty stemming from this decision could indirectly influence assets such as Bitcoin. At the time of the announcement, Bitcoin (BTC) was trading at $109,118.01, boasting a market capitalization of $2.17 trillion and a market dominance of 64.42%. Its 24-hour trading volume had increased by 28.05% to $38.31 billion, and it had shown a 36.87% increase over the previous quarter, according to CoinMarketCap data. This existing market volatility could be exacerbated by Trump's latest move.
Trump's declaration, "Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10 percent Tariff. There will be no exceptions to this policy," underscores the unwavering nature of his policy. This aggressive stance is expected to prompt regulatory responses and potentially further market volatility, creating significant uncertainty for both international businesses and investors. The long-term consequences of this tariff imposition remain to be seen, but the immediate impact on global trade and investor sentiment is undeniably substantial.
