Trump Administration Plans Permanent Section 301 Tariffs on 60 Economies Over Forced Labor

US Proposes Tariffs on 12 Countries Over Forced Labor Concerns

Bitcoin

This follows the Supreme Court's February rejection of Trump-era tariff authorities, suggesting the new measures may face legal hurdles or be scaled back. However, the mere threat of tariffs can reignite inflation fears, complicating the Fed's policy path and strengthening the dollar, which historically pressures BTC. The 24h BTC drop of -3.18% already reflects a risk-off mood, and tariffs could amplify that by hitting global growth expectations.

US announces new tariffs over forced labour concerns