Bitcoin News Today: Trump signs 10%–41% reciprocal tariffs on 67 countries effective August 7

President Donald Trump has enacted a sweeping shift in U.S. trade policy by signing an executive order imposing tariffs ranging from 10% to 41% on imports from 67 countries, effective August 7, 2025. The move, announced on August 1, aims to address perceived imbalances in global trade practices and enforce what the administration terms as "fair and balanced" trade relations [1]. The order applies reciprocal tariffs based on a country's existing duties on U.S. goods, with Syria facing the highest rate at 41% and countries like the United Kingdom subjected to 10% [4]. For the European Union, tariffs above 15% will remain unchanged, but those below 15% will be raised to meet the threshold [8]. Additionally, a 40% tariff will be applied to goods routed through third countries to circumvent the new levies [9].

This executive action marks one of the most significant tariff hikes in U.S. history, with Trump emphasizing its role in protecting American workers, farmers, and manufacturers, as well as strengthening the defense industrial base [5]. The timing is critical, as it precedes a self-imposed deadline for finalizing trade agreements with key partners, including Mexico. Those failing to negotiate will face the newly announced tariffs [10].

The financial markets have responded with heightened scrutiny, as investors anticipate potential disruptions to global trade flows and economic growth. Analysts warn that the tariffs could increase costs for multinational corporations and trigger retaliatory measures from impacted nations [12]. While the full economic implications remain uncertain, the move underscores Trump’s continued focus on reshaping international trade dynamics in favor of U.S. interests.

Bitcoin’s price has also experienced recent fluctuations amid these developments. As of August 1, Bitcoin (BTC) was valued at $115,719.13, with a market cap of $2.30 trillion. Over the past 24 hours, trading volume reached $75.48 billion, with a 6.64% change recorded. While the asset saw a 2.08% decrease in the last day, it has risen by 19.71% over 90 days [3]. Experts from the Coincu research team suggest that the new trade policy could affect both traditional and emerging markets, potentially pressuring digital asset valuations alongside broader economic shifts [2].

Sources:

[1] Trump announces historic new US tariffs across the globe (https://www.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals)

[2] Trump signs order imposing more tariffs, extends deadline (https://apnews.com/live/donald-trump-news-updates-7-31-2025)

[3] Trump just revealed his new tariff plan. Here's what you ... (https://www.cnn.com/2025/07/31/business/tariffs-trade-trump-deadline)

[4] Trump sets 10% to 41% 'reciprocal' tariffs on dozens of ... (https://www.reuters.com/business/trump-sets-10-41-reciprocal-tariffs-dozens-countries-exports-2025-07-31/)

[8] Trump unleashes sweeping tariff blitz hours before trade ... (https://trt.global/world/article/4d02c57bf26a)

[10] The Latest: Trump orders new tariffs on multiple US trade ... (https://ca.finance.yahoo.com/news/latest-us-inflation-ticked-higher-145442600.html)

[12] Investors react to Trump's new reciprocal tariffs ... (https://www.reuters.com/business/view-investors-react-trumps-new-reciprocal-tariffs-announcement-2025-08-01/)