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Trump’s India 50% tariffs seen as ‘attack’ on Bitcoin
Crypto traders are accusing President Donald Trump of wanting to crash Bitcoin on purpose — just to "clear the order books" before the next leg up. On Aug. 5, Discord channels lit up after Trump signed a sweeping Executive Order slapping a 25% tariff on all imports from India. India’s continued purchase of Russian oil, which Trump claims is undercutting U.S. sanctions. But for crypto traders, the bigger concern is what this could do to markets — and Bitcoin in particular. “Trump really trying to send $BTC back below $110k to clear the order books before the next move up,” said Discover Crypto, a prominent ... (full story)
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*TRUMP SIGNS EXECUTIVE ORDER IMPOSING ADDITIONAL 25% TARIFF ON INDIA *WHITE HOUSE: TARIFF ON INDIA OVER CONTINUED RUSSIAN OIL PURCHASES
Addressing Threats to the United States by the Government of the Russian Federation By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order: Section 1. Background. Executive Order 14066 of March 8, 2022 (Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts To Undermine the Sovereignty and Territorial Integrity of Ukraine), expanded the scope of the national emergency declared in Executive Order 14024 of April 15, 2021 (Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation), to include the actions taken against Ukraine by the Government of the Russian Federation. To address that unusual and extraordinary threat to the national security and foreign policy of the United States, Executive Order 14066 prohibited, among other things, the importation into the United States of certain products of Russian Federation origin, including crude oil; petroleum; and petroleum fuels, oils, and products of their distillation. I have received additional infor *TRUMP ORDER DIRECTS IDENTIFICATION OF COUNTRIES IMPORTING RUSSIAN OIL WHITE HOUSE: IF FOREIGN RETALIATION OCCURS, PRESIDENT TRUMP MAY AMEND ORDER TO ENSURE ITS EFFECTIVENESS
From thestreet.com | Aug 6, 2025
video As per the latest report by The Block, President Donald Trump's latest order on global tariffs seems to be becoming a pain in the neck for the Bitcoin mining community in the U.S. As the 90-day tariff pause deadline neared, Trump announced a slew of new global tariff rates on July 31. Among the worst-hit are the key centers of mining rig ...