๐ Trumpโs Tariff Timeout Sparks Modest Crypto Rally
Monday's major cryptocurrencies see modest increases as market mood improves.
To reduce immediate trade tensions, Donald Trump delays imposing a 50% duty on EU products from June 1 to July 9.
During a conversation with Trump, European Commission President Ursula von der Leyens asked for the postponement, therefore initiating fresh discussions.
Supported by declining geopolitical tensions after US President Donald Trump's announcement of a delay in the intended 50% tax on European Union products, the bitcoin market is mildly rebounding Monday during Asian hours. Following a demand from European Commission President Ursula von der Leyen, who stated that discussions would start immediately, therefore reducing near-term trade tensions, the announcement arrived via Trump's Truth social media account on Monday, pushing the implementation date from June 1 to Jul 9.
Trump extends the EU import tariff deadline.
On Monday, Donald Trump said on his Truth social media page that he has decided to postpone the 50% tax on EU imports implementation date from June 1 to July 9. This news came after Friday's imposition of 50% tariffs on European Union goods because Brussels handed Washington a negative trade proposal.
"President of the European Commission Ursula von der Leyen called me today asking for an extension on the June 1st deadline on the 50%," Trump added.
He carried on: "I agreed to the extension โ July 9, 2025 โ It was my privilege to do so."
#TrumpTariffs #BinanceAlphaAlert #TRUMP #MarketRebound $BTC $ETH $XRP
