Trump declares permanent 10% tariff policy
By: thestreet|2025/05/09 21:30:08
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Bitcoin is trading at $103,000 on May 10 as markets digest fresh comments from U.S. President Donald Trump, who said his administration will enforce a “baseline” 10% tariff on all imports, with room for exceptions only in “exceptional” cases."Basically will always have a baseline of 10% tariffs," Trump said, addressing reporters during a policy briefing. He added, "Exception to 10% baseline tariff possible if something exceptional."The remarks solidify Trump’s aggressive stance on trade just as investor attention shifts toward inflation, global supply chains, and geopolitical tensions. Despite warnings from economists about the inflationary impact of broad tariffs, Trump’s tone remains bullish.“We have 4 or 5 trade deals coming immediately,” he said. “We have many deals coming down the line.”The crypto market, which has been rallying amid rate-cut optimism and macro uncertainty, showed little immediate reaction. Bitcoin’s price remained steady above the $103,000 mark, while Ethereum hovered around $2,340.
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