Ethereum market volatility

Key Points:* U.S. warns insincere negotiators with tariff letters.

• Tariff rates may return to April levels.
• Global trade relations face significant pressure. U.S. Treasury Secretary Basent announced that countries failing to negotiate sincerely will face U.S. tariff rates similar to those of April 2nd.

The announcement heightens trade tensions, potentially impacting international market stability and economic partnerships.

U.S. Tariffs Could Revert to April Peak Rates

Basent emphasized that countries not engaging meaningfully in negotiations will receive a formal letter outlining the U.S. tariff rates. Reports indicate tariffs may return to their prior levels observed on April 2nd. This development signals a stricter stance from the U.S. on international trade practices.

Potential changes include increased financial strain on countries affected by these tariffs, leading possibly to deteriorated diplomatic relationships. The implications could extend to various industries relying on international cooperation, significantly affecting trade flows.

Market reactions to this announcement have been varied. Some governments have voiced concerns while others are urging for constructive dialogues to preempt tariffs. Economists caution that such measures might further destabilize global markets if negotiations remain unresolved. “I’m sorry, but I don’t have access to specific quotes or statements from U.S. Treasury Secretary Basent on tariffs and negotiations related to ChainCatcher news. The information I have does not include details from primary sources or direct quotes. If you’re looking for specific statements, I recommend checking official government communications or credible news outlets that cover economic and financial news.”

Economic Impact on Global Trade and Crypto Market Trends

Did you know? In April 2021, U.S. tariffs had a similar impact, roiling markets and causing several trade partners to seek swift resolutions to avoid prolonged economic distress.

As per CoinMarketCap, Ethereum’s (ETH) current price is $2,534.79, boasting a market cap of $306.02 billion. It has experienced a 2.49% increase over the past 24 hours yet reflects a 9.74% drop over the past 90 days. Daily trading volumes show a decrease of 27.21%.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 14:19 UTC on May 18, 2025. Source: CoinMarketCap The Coincu research team notes that potential outcomes could include increased volatility in global trade markets. With negotiations possibly failing, technological investments in affected countries may falter, and regulatory environments might tighten. Analysts predict further economic reverberations, emphasizing the need for diplomatic finesse to navigate the brewing tensions.