Trump Signs New 10% Global Tariff Despite Supreme Court Defeat: Will BTC Crash Again?

So far, Bitcoin has remained relatively stable after the new rates were announced, but history shows that pain may be coming.

On Friday, the US Supreme Court ruled against President Trump’s tariffs, indicating that he could not use a 1977 law – the International Emergency Economic Powers Act (IEEPA) – to impose taxes on imports from almost all countries.

Trump’s response was immediate: he called the ruling an outrage and threatened to take further action. He did so hours later, announcing a new temporary 10% tariff on goods from all countries under a never-before-applied law known as Section 122.

It gives him the ability to impose tariffs of up to 15% for 150 days before Congress acts. However, experts have warned that Trump could again skirt the law as Section 122 does not expressly prohibit him from letting the tariffs expire after 150 days and then declaring a new emergency to bring them back.

It’s worth noting that Friday’s court ruling only applies to tariffs Trump had implemented under the IEEPA. This allows the president to regulate trade in response to an emergency. In addition, tariffs imposed under Section 232 of the Trade Expansion Act of 1962 will remain in place, including those on steel, aluminum, lumber and automobiles.

In its 6-3 ruling Friday, the Supreme Court did not provide guidance on returning the money to affected parties who paid the taxes, worth about $130 billion. After the decision was announced, Finance Minister Bessent said the repayment issue could drag on for years.

For now, perhaps the most important question for crypto investors is whether these latest developments will lead to another market crash.

Recall that BTC and alts plummeted in February and April last year as Trump hit virtually every country with tariffs. Even more corrections occurred a few months ago when he merely threatened the EU with additional taxes during the Greenland saga.

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So far, Bitcoin has remained relatively stable, trading around $68,000. However, the price seemed stable after the threats against the EU, but plummeted when all financial markets opened on Monday morning.