Trump Raises Global Tariff Rate to 15% as Crypto Markets Show Resilience

U.S. President Donald Trump announced an immediate increase in the global tariff rate from 10% to 15%, citing alternative legal authority after a Supreme Court ruling limited his ability to impose broad tariffs under the International Emergency Economic Powers Act.

The administration is now relying on provisions within the Trade Expansion Act of 1962 and the Trade Act of 1974 to support the move. Critics argue these statutes restrict tariffs to specific conditions, including trade deficits and limited time frames, potentially capping both scope and duration.

Previous tariff announcements have triggered volatility across equities and digital assets, heightening macroeconomic uncertainty.

Bitcoin and Ether Hold Steady Despite Macro Headlines

Unlike prior episodes, cryptocurrency markets showed limited reaction. Bitcoin traded near $68,000 with minimal movement following the announcement, while Ethereum remained close to $1,970.

The Total3 index, which measures crypto market capitalization excluding Bitcoin and Ether, declined less than 1%, holding around $713 billion. The muted response suggests investors may already have priced in tariff risks or are awaiting clearer economic signals before adjusting positions.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.