U.S. President Donald Trump announced a 15% worldwide tariff on imported goods, despite an earlier Supreme Court decision that invalidated earlier trade actions.
During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” the president added.
The price of bitcoin
BTC
$68,234.76
fell slightly on Saturday after U.S. President Donald Trump announced an additional increase to global tariffs, despite a U.S. Supreme Court decision that invalidated earlier trade actions under the International Emergency Economic Powers Act (IEEP
In a post on Truth Social, Trump called the court’s decision “anti-American” and declared that, effective immediately, he was raising the previously announced worldwide tariff to 15%.
U.S. President Donald Trump announced a 15% worldwide tariff on imported goods, despite an earlier Supreme Court decision that invalidated earlier trade actions.
The price of bitcoin reacted quickly to the post, seeing an initial uptick of around 0.5% before losing nearly 1% of its value, reacting to the development. BTC is now trading at $68,000. Ether is down 0.45% since the announcement to $1,980.