The encryption market slides when Trump refuses to extend the deadline for definitions star-news.press/wp
As the deadline for customs tariff negotiations approached on July 9, President Donald Trump ruled out the possibility of extending the cessation of customs tariffs. His steadfast position caused a disorder in the encryption markets, as the most important mineral currencies have been noticeable.
This decision comes at a time when Trump continues to pressure trade agreements with many countries, including Japan, and threatens to impose a higher tariff if negotiations fail.
Trump’s fixed position on definitions and commercial deals
President Trump explained that he Not To delay the deadline on July 9 for a higher tariff. When asked if he would extend the negotiating period with commercial partners, he answered, “I don’t think I will need it.”
The Trump administration focused on taking advantage of the customs tariff as a tool to secure more convenient commercial conditions with various countries. This especially affected the relations with Japan, as the two countries did not reach a final agreement on trade.
Trump’s threats to impose a customs tariff had a ripples across global markets. While investors are waiting to find out how negotiations are revealed, many have become wary of possible economic consequences. This contributed to the uncertainty in the recent decline in the encryption market, with major digital currencies like Bitcoin and ethereum losses. The market appears to be interacting with the possibility of increasing trade tensions and the possibility of economic instability.
The encryption market interacts with growing commercial tensions
The slide in the encryption market is due to the uncertainty caused by tariff talks. The main cryptocurrency such as Bitcoin and Ethereum have suffered wide losses in the past two days. Bitcoin price More than 1.5 % has a loss, and ethereum is approximately 4 %. Meanwhile, the XRP price decreased to $ 2.17, which represents a decrease of 5.24 %, a decreuin decrease by 3.5 %, trading about $ 0.75.
Commercial agreements and geopolitical risks are some of the macroeconomic economics that may cause cryptocurrencies to be sensitive. President Trump has increased uncertainty among investors regarding the total economic effects by excluding the possibility of delaying definitions. As the deadline for trade approaches, the encryption market is volatile and most traders are cautious in their approach.
Next, the continuous uncertainty surrounding the Trump tariff policy has put additional pressure on the encryption market. With the possibility of a higher tariff on the horizon, the market can suffer from more disturbances in the coming weeks.
Challenges in putting the finishing touches on trade agreements
The Trump administration has faced challenges in developing the final touches on trade agreements with the main partners, including Japan. While Trump has repeatedly threatened to impose a higher tariff on countries that do not reach satisfactory agreements, the United States did not include many deals that were negotiating. As of now, only some agreements have been reached, with the United Kingdom China is the most prominent examples. However, these deals did not completely solve the commercial issues highlighted by Trump.
Treasury Secretary, Scott Payette, acknowledged that the administration is unlikely to fulfill its ambitious goals of securing 90 commercial transactions within 90 days. The absence of concrete agreements has created fears that the talks may be long on the deadline on July 9. Other analysts provide the possibility of negotiations until early September, leaving any decision.
Not only did this position of the commercial agreement create tense trade relations worldwide, but also led to instability in the market today. The result of such negotiations is now a matter of close attention to investors in the encryption market, who are still forced to withstand the atmosphere of uncertainty with patience.
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Calvin Monnem Milith
Kelvin Monin is an encoding and financial journalist with more than 5 years of experience, and provides an analysis in the in -depth market and expert suspension. With a Bachelor’s degree in Press and Actura from Mount Kenya University, Kelvin is famous for his accurate research and strong skills in writing, especially in cryptocurrencies, financial markets and financial markets. His work was shown via the best industrial publications such as Coingepe, Cryptobasic, Metanews, Cryptotimes, Coinits, Thecoinrepublic, Cryptotale, and Analytics Insight among other things, as it offers timely updates and insightful content. Kelvin’s focus lies in detecting the emerging trends in the encryption space, as it provides realistic data -based analyzes that help readers make enlightened decisions. His experience extends through market courses, technological innovations and organizational transformations that make up the scene of encryption. Besides his professional accomplishments, Kelvin is passionate about chess and travel and exploring new adventures.
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Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.
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2025-07-01 21:37:00
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