Trump breaks tariff promise again originally appeared on TheStreet .
Even though President Donald Trump has repeatedly said that he wouldn't extend tariff arrangements beyond the Aug. 1 deadline regardless of a deal or not, he again broke his promise by extending the arrangements with Mexico for another 90 days on July 31.
The crypto market, which earlier used to react sharply to such tariff announcements, seems to have grown mature over the past few months.
Bitcoin was trading at $118,399.76, Ethereum was trading at $3,793.72, and XRP was trading at $3.10.
After initiating the global tariff war on Apr. 2, Trump took a dramatic turn on Apr. 9 when he froze tariff hikes for nearly all the countries except China for 90 days. He boasted the U.S. would have 90 deals within the next 90 days but extended the deadline from July 9 to Aug. 1.
So far, there are only eight trade deals, including with the EU, the U.K., Japan, and South Korea. The U.S. has failed to reach any final agreement with its key partners such as Canada, Australia, and India.
Talks with China are still going on.
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Let's look at how the ebbs and flows of the tariff announcements impacted the crypto market.
The market cap fell from $2.74 trillion to $2.42 trillion on Apr. 8. The tariff pause announcement on Apr. 9 sent the market into a recovery mode and the cap hit $2.71 trillion on Apr. 12.
Since then, the crypto market has grown fairly resilient to such macroeconomic pressures and has been growing steadily.
Amid the tariff uncertainty, Bitcoin hit the record high of $123,091.61 on July 14. The crypto market cap stood at $3.86 trillion at the time of writing.
Trump breaks tariff promise again first appeared on TheStreet on Jul 31, 2025
This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
