TLDR
- Trump raised global tariffs from 10% to 15%, calling it “effective immediately” via Truth Social
- The Supreme Court struck down his use of IEEPA powers in a 6-3 ruling the day before
- Trump is now using Section 122 of the Trade Act of 1974, which limits tariffs to 150 days
- Bitcoin held steady around $68,000 and Ethereum stayed near $1,976 despite the news
- The Total3 crypto market cap dropped less than 1%, showing unusual resilience
President Donald Trump announced Saturday he is raising global tariffs from 10% to 15%, one day after the Supreme Court blocked his previous tariff plan.
Trump posted the announcement on Truth Social, saying the new rate is “effective immediately.” He also warned that more tariffs would follow in the coming months.
The Supreme Court ruled 6-3 on Friday that Trump had wrongfully used the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Trump called the ruling “ridiculous, poorly written, and extraordinarily anti-American.”
He also publicly criticized Justices Neil Gorsuch and Amy Coney Barrett, who voted with the majority.
After the ruling, Trump moved to a different legal path. He announced a 10% global tariff on Friday under Section 122 of the Trade Act of 1974 and the Trade Expansion Act of 1962, then raised that to 15% on Saturday.
Pro-crypto attorney Adam Cochran noted that the new legal route carries limits. He said the law only allows tariffs on countries the U.S. has a trade deficit with, for up to 150 days, and at a capped rate.
Any extension beyond 150 days would need congressional approval. That puts a hard deadline on how long these tariffs can stay in place without new legislation.
How Crypto Markets Responded
Bitcoin held firm near $68,000 through both the Friday and Saturday announcements. Ethereum also stayed close to $1,976 with little movement.
The Total3 indicator, which tracks the full crypto market excluding Bitcoin and Ethereum, fell by less than 1% on Saturday. It remained around $713 billion.
This is a shift from past patterns. Earlier tariff announcements from Trump caused heavy sell-offs in both crypto and stock markets.
What Happens Next for Tariffs and Markets
A White House fact sheet released Friday said the original 10% tariffs were set to begin Tuesday, February 24, at 12:01 a.m. ET. It is not confirmed whether official documents have been signed for the new 15% rate.
The White House did not respond to media requests for clarification on the timing.
Trump is scheduled to deliver his State of the Union address to Congress on Tuesday. The new tariff rate and its legal standing are expected to be closely watched heading into that speech.
At the time of reporting, Bitcoin was trading at approximately $68,011 and Ethereum at $1,976.
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