Trump’s 15% tariff shock rocks stocks but crypto keeps calm
The post Trump’s 15% tariff shock rocks stocks but crypto keeps calm appeared on BitcoinEthereumNews.com.
US President Donald Trump has announced an immediate 5 percentage-point increase in the global tariff rate, bringing the new rate to 15% from an initial 10%. Usually, the crypto market experiences a major sell-off following tariff announcements. Even so, the market remained unchanged despite the latest news. The announcement, intended to address trade imbalances and boost US industry, immediately sparked uncertainty among investors about the broader economic outlook and ongoing legal and political battles. Regarding the crypto market, reliable sources noted that Bitcoin’s price was roughly $68,000 and that Ether’s price remained relatively stable at the time the new tariff announcement was made public. Reports noted that Trump opposed the Supreme Court’s decision that restricted his power to impose tariffs under the International Emergency Economic Powers Act (IEEPA). To demonstrate the intense nature of the situation, the President shared a post on Truth Social noting that, “As President of the United States, I am raising the 10% global tariff on countries that have been taking advantage of the US for many years, without any consequences until my administration came along. This increase will go to a fully allowed and legally tested level of 15%.” He further stated that, “In the coming months, the Trump Administration will decide on and announce new tariffs that are legal.” UK officials raise concerns regarding Trump’s recent tariff decision Concerning Trump’s recent move, Britain’s largest business group swiftly raised concerns about his threatening tariff policy and advised the Government to maintain dialogues with officials in the United States to safeguard the UK’s competitive edge. In a statement, William Bain, the head of Trade Policy at the British Chambers of Commerce ( BCC), stated that, “We were worried that the President’s backup plan could be more harmful for British businesses, and it seems that is indeed the…
Filed under: News - @ February 22, 2026 1:59 am