Trump Proposes 500% Tariffs on Nations Trading with Russia, Potential Impact on Cryptocurrency Markets

Former President Donald TRUMP has endorsed a legislative push to impose tariffs as high as 500% on countries continuing to trade with Russia, specifically targeting energy imports. The proposal, driven by Republican lawmakers including Senator Lindsey Graham, could significantly impact global trade dynamics—particularly for nations like China and India, which are major purchasers of Russian crude oil.

The move comes amid escalating geopolitical tensions and could ripple through cryptocurrency markets. While no digital assets are directly mentioned in the context of the tariffs, heightened economic sanctions historically correlate with increased crypto market volatility as traders seek alternative stores of value during geopolitical uncertainty.

Market participants will be watching for potential secondary effects on Russia-linked mining operations or crypto-based sanctions evasion mechanisms. The proposal's advancement through Congress may serve as a volatility catalyst for Bitcoin (BTC) and ethereum (ETH), which often react to macroeconomic policy shifts.