Crypto on High Alert as Trump Weighs Tough Sanctions Against Russia Partners

• President Trump signaled support for a bill sanctioning nations that trade with Russia.
• The proposal includes tariffs up to 500%, targeting major economies like China and India.
• Bitcoin slipped below $90,000 as markets priced in the risk of a global trade war.

U.S. President Donald Trump has signaled openness to a drastic new sanctions package. The proposed legislation targets countries that continue to trade with Russia. However, Trump stated he will only sign the bill if he retains “ultimate decision-making authority” over its enforcement.

Trump told reporters he is comfortable with Senate leaders pushing legislation that punishes nations trading with Russia, especially because Moscow has not shown meaningful steps toward peace talks with Ukraine.

The ‘Nuclear Option’: 500% Tariffs on China and India

The proposed law would allow Trump to place very heavy im…

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