Trump delays the effective date of tariffs! Bitcoin closely watches the deadline of August 7, could the China-US tariff negotiations change at the last minute?

President Trump's trade policy has once again stirred the nerves of global markets. On Thursday evening (July 31), President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the United States from 67 trade partners, raising the tariff levels to the highest point in over a century. However, the new tariffs will not take effect until August 7, instead of the previously planned August 1, providing countries with another window to attempt to negotiate lower tariffs. A senior government official stated, "This is historic, this is a new trading system, and this is what I call the Trump round of negotiations." White House officials indicated Thursday evening that they hoped to reach more agreements with countries before the new tariff implementation date of August 7.

On Friday during the Asian session, Bitcoin is temporarily reported at around 115,955 US dollars, with the correction further intensifying.

(Source: Gate)

Trump administration announces adjusted reciprocal tariff rates

The White House announced on Thursday local time the adjusted reciprocal tariff rates, covering imported products from a range of trading partners, aimed at reducing the trade deficit and increasing revenue. The new tariffs will take effect within 7 days.

Maximum tax rate: The highest tax rate imposed in Syria is set at 41%, while Myanmar and Laos are set at 40%.

Other countries: Brazil and the UK have a tariff set at 10%. For EU countries, if the current tariff on goods is below 15%, it will be supplemented to 15%; those above 15% will not have additional tariffs.

Minimum Tariff: Except for the countries listed below, the import minimum tariff rate for most countries is set at 10%. Goods identified as transshipments to evade higher tariffs will be subject to additional tariffs.

Specific countries: The White House stated: A 39% tariff will be imposed on Swiss goods. The tariff rate for Pakistan is 19%. A 19% tariff will be imposed on Malaysian goods; a 20% tariff will be imposed on Vietnam. A 20% tariff will be imposed on Bangladesh. A 15% tariff will be imposed on Israel.

Canada: US President Trump signed an executive order to increase tariffs on Canada from 25% to 35%, with the higher tariffs set to take effect on August 1, 2025 (local time).

US-China Tariff Negotiations: Special Tracks and Uncertainty

Some economies, including China, Canada, and Mexico, are on different trade trajectories and are subject to different orders. This means that tariff negotiations between China and the United States may have their peculiarities and are not entirely applicable to the general tariff policies mentioned above.

Bitcoin Market Reactions and Points of Interest

Against the backdrop of escalating global trade tensions, the Bitcoin market is highly sensitive to such news. Although the article does not directly mention Bitcoin's immediate reaction to the delay in tariffs, in general, the uncertainty of a trade war tends to lead to fluctuations in risk assets. As an emerging safe-haven asset, Bitcoin's price trend will closely monitor the deadline of August 7, as well as any potential changes in the China-US tariff negotiations.

Conclusion:

The Trump administration has delayed the effective date of tariffs, providing countries with a new negotiation window. This initiative not only affects the global trade landscape but may also have potential impacts on the cryptocurrency market. Bitcoin investors will closely monitor the August 7 deadline and the progress of China-U.S. tariff negotiations to determine the next direction of the market.