President Donald Trump is preparing to impose new tariffs on dozens of countries as the temporary 10% global import duty approaches its scheduled expiry on Friday, according to a Financial Times report. The immediate rates are expected to remain around the current 10% level, although the administration is also pursuing legal options that could support higher duties.
The timing puts global markets back in the familiar position of waiting for clarity on trade policy while businesses and investors assess whether the latest tariff regime will become permanent. The administration has already used tariffs as a major economic policy tool, and the White House said in February that its temporary 10% import duty was scheduled to run through July 24 unless extended or ended earlier.
JUST IN: Trump Preparing New Tariffs on Dozens of Countries This Week. The White House is finalizing fresh tariff rates on multiple nations ahead of Friday’s deadline, when the current temporary 10% global tariff expires.
Most new rates are expected to remain close to 10%,… pic.twitter.com/VZDgGKJGlu
— Open Source Media (@opsmda) July 21, 2026
How Trump’s tariffs have affected Bitcoin before
Trump’s tariff policy has already shown how quickly trade tensions can spill into crypto markets. In early 2025, Bitcoin fell alongside stocks as investors reacted to new U.S. tariffs and growing fears of a trade war and weaker global growth. The selloff showed that, during periods of acute uncertainty, Bitcoin was still being traded largely as a risk asset rather than as a haven.
The reverse also happened when tariff pressure eased. After Trump announced a temporary pause on some tariffs in April 2025, Bitcoin rebounded sharply as investors returned to riskier assets. That history gives the latest tariff deadline a clear market implication that the immediate impact on crypto may depend less on the 10% rate itself and more on whether the announcement creates fears of retaliation, recession, or higher inflation. If the new measures are seen as manageable, Bitcoin may absorb them. If they signal another escalation in the trade war, crypto could again face selling pressure as investors try to reduce risk.
Could new tariffs push more businesses toward stablecoins?
Companies facing higher costs and slower cross-border trade could have more reason to use dollar-backed stablecoins for international payments, especially in markets where traditional banking transfers are slow or expensive.
Stablecoin transaction volume has already grown into the trillions of dollars annually, giving businesses a payment mode that operates outside the usual banking timetable. That does not mean tariffs are automatically bullish for crypto. The effect would depend on how businesses respond. If trade restrictions reduce international commerce, demand for cross-border payments could fall. But if companies look for cheaper ways to move money across borders, stablecoins could benefit from the disruption.
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