Trump announces new 10% to 12.5% tariffs on multiple trading partners

Trump announces new 10% to 12.5% tariffs on multiple trading partners

N
News Editor
2026-07-24 22:11:23
U.S. President Donald Trump said the United States will impose new tariffs ranging from 10% to 12.5% on several major trading partners, including the United Kingdom, China, the European Union, Canada, Japan and India. According to Techub, which cited watcher.guru, Trump said the move is intended to address human rights abuses and distorted trade practices while improving the welfare of workers globally. The report said the tariff plan could intensify global trade tensions, raise consumer costs and add economic pressure. It also noted that Trump’s tariff measures introduced in early 2025 had already triggered sharp market volatility. For crypto markets, the same brief pointed to a separate policy development in Washington. The U.S. CLARITY Act is set for a vote, and if passed, it could lift investor sentiment toward cryptocurrencies. No further details on the legislative timetable or the scope of the tariff rollout were provided in the source brief.
Donald TrumptariffsUnited Statespolicy regulationglobal tradeCLARITY Actcrypto market

U.S. President Donald Trump announced new tariffs of 10% to 12.5% on a group of trading partners, including the United Kingdom, China, the European Union, Canada, Japan and India, according to Techub, citing watcher.guru.

Trump said the measure is meant to correct human rights abuses and distorted trade practices, while improving the welfare of workers globally.

The policy could raise global trade tensions, increase consumer costs and add pressure to the economy, the report said. It also noted that tariff actions rolled out by Trump in early 2025 had previously caused sharp market swings.

Separately, the U.S. CLARITY Act is heading to a vote. If approved, it could improve sentiment among cryptocurrency investors.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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