🚨 President Trump has sent formal letters to 12 countries, warning of sweeping new tariffs ranging from 10% to 70% unless new trade agreements are reached by July 9. If no deals are made, these tariffs will kick in on August 1. The move revives fears of a global trade war and hits a wide range of sectors, including autos, agriculture, and pharmaceuticals. BRICS nations are being targeted with an extra 10% penalty for what Trump called “anti-American alignment.” Commerce Secretary Howard Lutnick later clarified that the letters were real, and August 1 remains the effective date if negotiations fail.
Markets are already reacting. U.S. stock futures dipped while the dollar strengthened. Economists are warning of inflationary pressure, supply chain disruptions, and a potential 0.7% drag on U.S. GDP. Some countries, like the UK and Vietnam, are rushing to secure side deals to avoid tariffs, while others remain silent under pressure.
For crypto and risk assets, the tone has shifted. A risk-off mood could lead to short-term downside volatility, especially in altcoins. But long term, political uncertainty often reinforces crypto’s role as a hedge. Expect market sensitivity around late July as investors prepare for macro volatility tied to this tariff cliff.
What’s your move? Are you rotating out, holding steady, or using the volatility to buy in? Let’s talk.
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