Donald Trump announced a 15% blanket tariff on imported goods, escalating trade tensions despite a recent ruling from the Supreme Court of the United States that struck down his earlier tariff measures.
Bitcoin (BTC) slipped on Saturday after Trump revealed the higher levy, brushing aside the court’s decision that invalidated prior trade actions implemented under the International Emergency Economic Powers Act (IEEPA). In a post on Truth Social, Trump criticized the ruling as “anti-American” and said the previously proposed global tariff would be increased to 15%, effective immediately.
Markets reacted swiftly. Bitcoin initially rose about 0.5% following the announcement before reversing course and falling nearly 1%. BTC was last trading around $68,000. Ether (ETH) also moved lower, declining 0.45% to $1,980 in the wake of the development.
The tariff escalation follows the Supreme Court’s determination that Trump lacked the authority to impose earlier tariffs under IEEPA. In response to that ruling, he had first proposed a new 10% universal tariff, which he has now raised to 15%, signaling a further intensification of his trade policy stance.
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