Trump’s Tariffs Explained: Complete List and What They Mean for the Crypto Industry
Jakarta, Pintu News – Trump tariffs have taken center stage in global trade policy since US President Donald Trump re-imposed a series of far-reaching duties on imported goods. This policy involves imposing high tariffs on many of the US’ trading partners, with the aim of increasing domestic production and reducing the trade deficit.
However, these policies not only impact trade relations between countries, but also spread to affect modern financial markets including digital assets such as cryptocurrencies. In the context of an interconnected global economy, understanding these tariffs is important for crypto investors and market participants.
What are Trump Tariffs?
Trump tariffs are import duty policies introduced by the Donald Trump administration as part of its “America First” strategy to strengthen the United States’ domestic industry. The policy aims to protect local producers from foreign competition, reduce dependence on imports, and address a trade deficit that is considered too large.
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Broadly speaking, these tariffs are additional taxes imposed on imported goods from other countries when they enter the US. They are also reciprocal, meaning that the US imposes high tariffs in response to tariff measures imposed by trading partners on US goods.
In 2025, Trump unveiled a very broad tariff package known as the Liberation Day tariffs, which included a base tariff of around 10% on almost all imports, as well as higher “reciprocal” tariffs against certain countries based on the size of their trade deficits. These tariffs are effective from April 2025 and cover many sectors of global trade.
Countries Affected by Trump’s Tariffs
Trump’s tariff policy does not just target one or two countries, but covers dozens of countries around the world. In general, countries with large diplomatic trade deficits with the US receive a higher share of tariffs.
Here is the list of countries subject to the Trump Tariffs that came into effect in August, according to a BBC report:
| Country | US Import Share | Rates |
|---|---|---|
| Mexico | 15.5% | 25% |
| China | 13.4% | 30% |
| Canada | 12.6% | 35% |
| Germany | 4.9% | 15% |
| Japan | 4.5% | 15% |
| Vietnam | 4.2% | 20% |
| South Korea | 4.0% | 15% |
| Taiwan | 3.6% | 20% |
| Ireland | 3.2% | 15% |
| India | 2.7% | 50% |
| Italy | 2.3% | 15% |
| English | 2.1% | 10% |
| Switzerland | 1.9% | 39% |
| Thailand | 1.9% | 19% |
| France | 1.8% | 15% |
| Malaysia | 1.6% | 19% |
| Singapore | 1.3% | 10% |
| Brazil | 1.3% | 50% |
| Indonesia | < 1% | 19% |
| Belgium | < 1% | 15% |
| Spain | < 1% | 15% |
| Turkey | < 1% | 15% |
| Australia | < 1% | 10% |
| South Africa | < 1% | 30% |
Trump’s Tariff Effect
Trump’s tariffs have far-reaching effects on the global economy, not only on import-export but also on consumer prices, supply chains, and geopolitical dynamics. Impacts include:
Inflation and Imported Product Prices Rise
Tariffs make imported goods more expensive, and these additional costs are often passed on to consumers through higher prices. This can accelerate domestic inflation in the US as well as in trading partner countries.
Business Uncertainty and Disrupted Supply Chain
Companies that depend on imported components will have to adjust their supply and production strategies, which could lead to higher operating costs and delayed investments.
Onset of Retaliation from Other Countries
Countries hit by tariffs often impose retaliatory tariffs on US products. This could trigger a prolonged trade war and slow global trade.
Macroeconomically, tariffs can also slow down economic growth as consumption and investment become more cautious amid tariff uncertainty.
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The Impact of Trump’s Tariffs on the Crypto Industry
While the tariffs are directly imposed on physical goods, they still impact the tech sector and digital assets such as cryptocurrencies. Here are some of the impacts:
Crypto Market Volatility and Risk
Major tariff announcements and trade war escalations have driven financial market turmoil. Risky assets such as crypto often experience price drops when investors seek safe assets during periods of economic uncertainty. For example, the price of Bitcoin briefly dropped after the tariff announcement which shocked global markets.
Investment Sentiment and Market Liquidity
When tariffs create concerns about economic growth, investment funds tend to exit risky assets like crypto. Crypto trading volumes also briefly fell as investors became more conservative.
Equipment and Mining Costs
Tariffs on hardware imports could increase costs for crypto miners, especially equipment imported from countries like China and Taiwan. This could potentially encourage the relocation of operations or an increase in mining production costs.
Long-term Impact on Adoption
In the long term, if tariffs cause prolonged economic stress, some investors may begin to view Bitcoin and digital assets as a hedge against inflation and uncertainty, while altcoins that are more tied to tech speculation remain sensitive to market risk sentiment.
Overall, the Trump Tariffs show how macro trade policies can affect not only interstate relations and real economies, but also digital markets and modern assets like cryptocurrencies. The impact is wide-ranging – from changes in the price of imported goods, to business uncertainty, to turmoil in the crypto market.
FAQ
What are the Trump Tariffs and why are they in place?
Trump tariffs are high import duties imposed by the Donald Trump administration to protect US domestic industries and reduce trade deficits with trading partners.
How will Trump’s tariffs affect the price of Bitcoin and other cryptos?
Tariffs can create market uncertainty and increase volatility, so the price of Bitcoin and other crypto assets often experience short-term declines as investors reduce risk. Crypto.com
Which countries have been hit the hardest by Trump’s tariffs?
Countries such as China, Vietnam, Thailand, as well as trade blocs such as the European Union face high tariffs, with specific tariffs based on the US calculated trade deficit.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BBC. See the Trump tariffs list by country. Accessed December 14, 2025
- Erica York. Trump Tariffs: Tracking the Economic Impact of the Trump Trade War. Accessed December 14, 2025
- Jennifer Clarke. What tariffs has Trump announced and why? Accessed December 14, 2025
- JPMorgan. US tariffs: What’s the impact on global trade and the economy? Accessed December 14, 2025
