Trump imposes new 10% tariffs after court ruling: Will Bitcoin price fall again?

US President Donald Trump signed new 10% tariffs on all imports, hours after the Supreme Court ruled that he could not use the Emergency Economic Act of 1977 (IEEPA) to impose tariffs he had previously approved.

The Supreme Court’s decision, by a 6-3 majority, limited the use of the law to impose sweeping tariffs but did not involve a mechanism for returning about $130 billion in previously collected fees, which could trigger a long legal dispute.

Trump quickly responded by resorting to another provision called Section 122, which allows for the temporary imposition of tariffs of up to 15% for 150 days before Congress intervenes.

Although the court decision only applies to tariffs imposed under (IEEPA), other tariffs such as those imposed on steel, aluminum and automobiles under Section 232 remain in effect.

A common question for crypto markets is: will the big drop happen again?

Cryptocurrency markets have previously experienced sharp declines following similar waves of tariffs in February and April last year, and have also seen volatility over the threat of tariffs from the European Union.

So far, Bitcoin price is approaching $68,000 without any rebound.

But past experience shows that initial stability does not mean the absence of volatility, as markets have previously fallen as the global trading session opened following similar decisions.

Most importantly, the potential impact on Bitcoin will depend on how traditional markets react and the extent to which trade tensions escalate.

If concerns about global growth and liquidity escalate, we may see new pressures on riskier assets, including cryptocurrencies.

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