{"id":92556,"date":"2025-08-30T15:15:04","date_gmt":"2025-08-30T15:15:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92556"},"modified":"2025-08-30T15:15:04","modified_gmt":"2025-08-30T15:15:04","slug":"us-court-rules-trump-tariffs-illegal-whats-next-for-bitcoins-price","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92556","title":{"rendered":"US Court Rules Trump Tariffs Illegal: What\u2019s Next for Bitcoin\u2019s Price?"},"content":{"rendered":"

The cryptocurrency market experienced the adverse consequences of Trump\u2019s tariffs against essentially every other country in April, or at least the threat, resulting in massive price declines to multi-month lows.<\/p>\n

Although the POTUS has continued to impose such taxation on some nations while reducing the rates for others, more controversy arose on Friday when the US Court of Appeals ruled that the tariffs are illegal.<\/p>\n

Illegal Tariffs?<\/h2>\n

The strike against Trump\u2019s tariffs could be particularly painful for his presidency, given their significance in his foreign policy. After all, the 47th US President has threatened every country, including many allies, with imposing some sort of taxation if they fail to give in on his trade demands.<\/p>\n

Despite the controversy\u00a0surrounding the tariffs, there\u2019s a strong argument that Trump has\u00a0emerged as a winner<\/a> in negotiations<\/span>\u00a0with most country leaders.<\/p>\n

However, the US appeals court ruled on Friday that most \u201creciprocal\u201d tariffs are illegal. Some of the nations that were hit with such were China, Mexico, and Canada.<\/p>\n

The court, in a 7-4 decision, rejected Trump\u2019s argument that the tariffs were permitted under the Emergency Economic Powers Act. Instead, the ruling called<\/a> them \u201cinvalid as contrary to law.\u201d<\/p>\n

The POTUS was quick to respond, posting on this social media platform that \u201call tariffs are still in effect,\u201d adding that the court\u2019s ruling was \u201cincorrect.\u201d<\/p>\n

<\/a><\/p>\n

Impact on Bitcoin and Crypto?<\/h2>\n

Aside from the ruling itself, the timing was also quite controversial. It came out just 30 minutes after the futures markets closed on Friday, and Wall Street will not open until Tuesday due to the national holiday on Monday.<\/p>\n

This is interesting:<\/p>\n

The US Court of Appeals has ruled President Trump\u2019s global tariffs to be illegal 30 minutes AFTER futures closed.<\/p>\n

And, the ruling came out ahead of Labor Day weekend, when markets will be closed for the next 3 days.<\/p>\n

Is this a coincidence?<\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) August 29, 2025<\/a><\/p>\n\n

While this may have spared Wall Street from extreme volatility, the cryptocurrency market is always open. It doesn\u2019t close on weekends or on holidays. Moreover, investors tend to overreact and engage in extreme panic selling when the crypto market is open and such impactful news goes live.<\/p>\n

However, this hasn\u2019t been precisely the case so far. BTC is indeed in the red<\/a> on a weekly scale, but that transpired even before the court\u2019s ruling. Nevertheless, there could be a long-term impact on the asset class.<\/p>\n

Most experts tend to believe that if the court\u2019s ruling is valid and there\u2019s less global economic pressure from fewer tariffs, then riskier assets like bitcoin and the altcoins could benefit. Reduced tariffs typically stimulate economic recovery and higher liquidity, which could mean price strength for BTC.<\/p>\n

Unlike many companies that could be directly taxed through Trump\u2019s tariffs, bitcoin is exempt, so the ruling shouldn\u2019t affect its fundamentals as an asset class on its own.<\/p>\n

The post US Court Rules Trump Tariffs Illegal: What\u2019s Next for Bitcoin\u2019s Price?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market experienced the adverse consequences of Trump\u2019s tariffs against essentially every other country in April, or at least the threat, resulting in massive price declines to multi-month lows. Although the POTUS has continued to impose such taxation on some nations while reducing the rates for others, more controversy arose on Friday when the […]<\/p>\n","protected":false},"author":0,"featured_media":92557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92556"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92556"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92557"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}