Donald Trump on Saturday unveiled a sweeping 15% tariff on imported goods, pressing ahead with new trade measures despite a recent ruling by the Supreme Court of the United States that struck down his previous actions.
The announcement weighed on cryptocurrency markets. Bitcoin (BTC) edged lower after Trump said he would raise the earlier proposed global tariff to 15%, effective immediately. The move follows the court’s decision invalidating his prior tariff orders issued under the International Emergency Economic Powers Act (IEEPA).
In a post on Truth Social, Trump described the court’s ruling as “anti-American” and confirmed the higher levy would replace the previously outlined 10% universal tariff.
Bitcoin initially ticked up roughly 0.5% after the post but quickly reversed, sliding nearly 1% before stabilizing around $68,000. Ether (ETH) also declined, falling 0.45% to trade near $1,980.
The escalation underscores renewed uncertainty around U.S. trade policy, as Trump moves to reinforce his tariff agenda following the Supreme Court’s determination that he lacked authority to implement earlier measures under IEEPA.
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