Trump signs Russia and Iran sanctions law with tariffs of up to 100%
- —The law gives Trump the authority to impose tariffs of up to 100% on buyers of Russian energy
- —The largest buyers, China and India, are at risk
- —The law takes effect within 30 days of signing
- —The 100% rate is a ceiling, not an automatic measure for all countries
Why it matters: Rising geopolitical and trade risks could increase volatility and pressure on risk assets, including bitcoin.
Source: Siam Blockchain