Trump’s New Tariff Threat Rocks Markets — Assessing the Impact on Bitcoin

币界网报道:In a surprising escalation of trade tensions, U.S. President Donald Trump doubled down on his tariff policy, steadfastly refusing to postpone the upcoming July 9 deadline. Trump's Tariff Plans Trump reiterated his readiness to end ongoing negotiations and impose higher tariffs on several countries, including key economic partner Japan, according to Bloomberg TV. He said his renewed tariff threats, as expected, sent shockwaves through financial markets, unsettling earlier stability. Trump's tough trade rhetoric hits markets U.S. stocks fell immediately after his speech aboard Air Force One, with the S&P 500 falling 14 points as investors grew increasingly uneasy. The cryptocurrency market also reflected the volatility, with the sell-off sparked by uncertainty surrounding international trade negotiations. Bitcoin [BTC] fell more than 1.5%, while Ethereum [ETH] plunged 4%. Altcoins faced even bigger losses, with Ripple [XRP] falling to $2.17, down 5.24%, while Dogecoin [DOGE] fell 3.5% to around $0.75. Nonetheless, recent market signals suggest a cautious recovery is taking shape. The community also expressed surprise at Trump’s comments, as one user X pointed out, Trump hints at a breakthrough deal with India. Contrary to the firm stance taken by other countries on tariff negotiations, President Trump struck a more optimistic tone about a potential deal with India. He said, adding that this suggests that negotiations with India may follow a unique path, perhaps reflecting strategic considerations or common interests that distinguish it from the broader trade dispute currently unfolding. Is Trump heading in the right direction? Amid the ongoing uncertainty, a recent CNBC video acknowledged that Trump’s tariffs have brought in more than $121 billion in revenue for the United States, proving his stance is correct, contrary to earlier skepticism from experts. Further corroborating this, the latest data from IntoTheBlock shows that more than 91% of Bitcoin holders are currently in profit, highlighting that despite short-term volatility caused by tariff-related tensions, the underlying bullish sentiment remains strong. Meanwhile, less than 2% of BTC holders are currently in the red, indicating growing confidence in a possible price recovery. Robert Kiyosaki, author of Rich Dad, Poor Dad, echoed this sentiment, describing the drop in Bitcoin’s value following Trump’s tariff announcement as not a setback. Instead, he called it a discounted buying opportunity, suggesting that he remains confident in BTC’s long-term trajectory even amid geopolitical uncertainty.

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