Bitcoin price slips after Trump hikes worldwide tariff to 15% from 10% despite Supreme Court decision
Bitcoin's price fell slightly after President Trump unexpectedly raised worldwide tariffs to 15% following a Supreme Court ruling against earlier trade actions.Summary
Bitcoin's price experienced a slight decline on Saturday after U.S. President Donald Trump announced an immediate increase in worldwide tariffs to 15% from a previously announced 10%. This move directly contradicted a recent U.S. Supreme Court decision that had invalidated earlier trade actions implemented under the International Emergency Economic Powers Act (IEEPA).
Trump criticized the court's decision as "anti-American" in a Truth Social post, stating that the Trump Administration would determine and issue new, legally permissible tariffs in the coming months. Bitcoin (BTC) initially saw a small uptick of about 0.5% following the announcement before ultimately losing nearly 1% of its value, trading around $68,000, while Ether also dropped 0.45% to $1,980.
(Source：CoinDesk)