US must set tariffs against Russia by October 18, 2026
- —The law allows tariffs of up to 500% on Russian goods, including oil and gas, but specific rates are not fixed
- —Third countries buying Russian oil after the deadline could face tariffs of up to 100% on exports to the US
- —Congress will be notified at least 10 days before tariffs are imposed — the first concrete signal
- —The Fed raised rates by 25 bps to 3.75-4.00% on September 16 due to inflation
Why it matters: For the crypto market this is a macro risk: harsh tariffs could fuel inflation and pressure risk assets, including bitcoin.
Source: CryptoTicker