📢 Market Update | U.S. Tariff Hike Delayed to Aug 1
President Trump has postponed planned reciprocal import tariffs from July 9 to August 1, 2025. This gives markets a brief reprieve amid rising global trade tensions.
🔍 Highlights:
• New tariffs to hit 14 countries, including:
• Japan, South Korea – 25%
• Indonesia – 32%
• Bangladesh, Serbia – 35%
• Myanmar, Laos – up to 40%
• These are on top of existing tariffs on steel, autos, and aluminum.
• Trump: “Final delay — but not 100%.”
🔮 Why It Matters for Crypto:
• USD strength could pressure crypto–fiat pairs like BTC/USD.
• Lower short-term risk may support bullish sentiment in altcoins.
• Asia-based tokens may face headwinds from trade pressure.