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>>Trump Imposes New 10% Global Tariff Following Supreme Court Defeat: Could BTC Crash Again?

Trump Imposes New 10% Global Tariff Following Supreme Court Defeat: Could BTC Crash Again?

crypthub

about 7 hours ago

Supreme Court Blocks Trump Tariffs

The Court issued a 6‑3 decision rejecting Trump’s attempt to use the 1977 International Emergency Economic Powers Act to impose tariffs on almost all imports. The ruling applies only to tariffs enacted under IEEPA, leaving other trade measures untouched. Trump denounced the decision as a disgrace and vowed further action.

Trump Unveils New Global Tariff

Hours after the ruling, Trump announced a temporary 10 % tariff on goods from every country using the rarely used Section 122, which permits up to a 15 % duty for 150 days before congressional review. Experts warn the provision does not bar the President from letting the tariff expire and then re‑declaring an emergency to reinstate it. This loophole could allow the tariff regime to continue indefinitely despite the court’s decision.

Market and Refund Uncertainty

The decision leaves roughly $130 billion in collected tariffs without a clear path for refunds, a process Treasury Secretary Yellen said may take years. Existing tariffs under Section 232 on steel, aluminium, lumber and automobiles remain in force. Crypto investors wonder whether the new tariff wave will trigger another price plunge, as Bitcoin held near $68,000 after earlier threats but fell sharply when markets reopened.