šØ U.S. Slaps 30% Tariff on EU Goods ā Effective August 1
President Trump's latest trade move sparks fears of a transatlantic trade war, with potential ripple effects across global markets.
Key Details of the Tariff Announcement
30% blanket tariffĀ on all EU goods entering U.S.
$605 billionĀ in annual trade affected
Effective August 1, 2025Ā ā No sector exemptions
Follows similar tariffs imposed onĀ Japan & South KoreaĀ last month
Market Reactions
š°Ā Bitcoin holds steadyĀ atĀ $117,225Ā (39% 90-day gain)
šĀ EU stocks tumbleĀ in pre-market trading
š¬Ā EU Commission President von der Leyen: "We will respond appropriately"
Why This Matters
1ļøā£Ā Retaliation Risk: EU preparing counter-tariffs on U.S. tech & agriculture
2ļøā£Ā Supply Chain Disruptions: Auto, luxury goods, machinery sectors most vulnerable
3ļøā£Ā Crypto Impact: Trade wars typically boostĀ Bitcoin's safe-haven appeal
Historical Context
2018-2019: Similar Trump tariffs led toĀ EU tariffs on Harley-Davidson, bourbon
2024: U.S.-EU trade reachedĀ record $1.3 trillionĀ before new tensions
What's Next?
EmergencyĀ EU trade delegationĀ heading to Washington
Markets watchingĀ July 15 CPI dataĀ for Fed policy clues
Bitcoin traders monitoringĀ risk-off sentiment
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