Trump tariffs likely to persist as more are anticipated, hitting crypto markets and miners

The Trump administration’s tariff campaign is not winding down. It is widening. New measures rolled out in late July 2026 suggest the White House has no intention of letting up on its protectionist trade agenda, and crypto markets are caught in the crossfire. On July 20, 2026, President Trump imposed 50% tariffs on select Canadian imports under Section 338 of the Tariff Act of 1930. The targeted goods read like an odd grocery list: wine, hockey sticks, and cement. The tariffs are set to take effect after a 30-day window. Two days later, a fresh round of tariffs between 10% and 12.5% kicked in on imports from over 80 countries, operating under Section 301 authority. These replaced a temporary global surcharge that had lapsed. A legal detour, not a retreat The Supreme Court complicated things earlier this year. In February 2026, the court struck down broader tariffs that the administration had justified under the International Emergency Economic Powers Act, or IEEPA. The administration pivoted to Sections 301 and 232, alternative statutory authorities that give the executive branch significant room to impose tariffs on national security and unfair trade practice grounds. The average ...