US President Trump Raises Global Tariff Rate to 15%, Crypto Doesn't Budge
President Trump immediately raised the global tariff rate to 15% using alternative legal routes, but crypto markets remained largely unaffected.Summary
US President Donald Trump announced on Saturday that he was immediately raising the previously announced 10% global tariff rate to 15%, utilizing alternative legal statutes like the Trade Expansion Act of 1962 after the Supreme Court struck down his authority under IEEPA. Despite this escalation, which historically caused market turmoil, the cryptocurrency markets remained unfazed. Bitcoin held steady around $68,000, and Ether showed little change following both Friday's and Saturday's tariff announcements. Critics, such as attorney Adam Cochran, argue that the new legal basis limits Trump's authority to impose broad tariffs indefinitely, restricting them to countries with which the US has a deficit for a maximum of 150 days.
(Source：Cointelegraph)