tariffsnews

Former President Donald Trump signed a sweeping executive order imposing new tariffs on 66 countries, including Canada, India, Pakistan, Switzerland, and the EU, effective from August 7. #Tariifs range from 10% to a steep 41%, based on trade imbalances and new bilateral deals. Canada faces 35%, while Switzerland gets hit with 39%. India was slapped with 25%, prompting backlash after Trump criticized its Russian ties. Pakistan secured a 19% tariff alongside new tech and crypto trade arrangements. The EU, UK, Japan, and South Korea enjoy a capped 15% rate under renegotiated deals. Markets reacted instantly—European indices fell, and legal challenges surged, as a U.S. court questioned Trump's use of emergency powers. For the crypto sector, shifting trade routes, inflation risks, and regulatory uncertainty could reshape cross-border payments and fintech operations. Traders should stay alert ahead of the August 7 enforcement date and ongoing court rulings.$TRUMP
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