CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Coin Edition 2025-07-07 15:05:33

Trump’s New BRICS Tariff Threat: What It Means for Crypto Markets

Trump threatened with an additional 10% tariff on countries perceived to align with BRICS US tariff threats and resolving stock equity sell-offs have fueled crypto demand, and as yields drop and the dollar weakens, Bitcoin and other cryptocurrencies often see gains Beijing warned that unilateral tariff actions undermine multilateral trade rules and could destabilize the global trading system The Trump administration is preparing to notify countries of new tariffs ahead of a July 9 deadline, a move that includes a threat of an additional 10% tariff on nations perceived to be aligning with the BRICS economic bloc. The BRICS bloc, which includes emerging economic powers like China, India, Russia, South Africa, and others, condemned the move as ‘unilateralism’ while also indicating a firm resolve to lessen their reliance on the US dollar. With tariffs looming, global equity futures have dipped, sovereign bonds are in demand, and oil markets exhibit volatility – all of it with a potential impact on the crypto market. A flight to hard assets Generally speaking, the crypto industry benefits from equity outflows, as Bitcoin recently climbed to about $… The post Trump’s New BRICS Tariff Threat: What It Means for Crypto Markets appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.