🌍 Trump Targets EU with Major Tariff Move — Global & Crypto Markets React
President Trump sent shockwaves through the global economy on Friday by announcing a 50% tariff on all goods from the European Union, set to begin June 1. Trump says the move is in response to failed trade negotiations and a “massive” trade imbalance, accusing the EU of unfair practices that hurt American businesses.
The announcement immediately hit financial markets. European stocks dropped sharply, and investors rushed to adjust to rising tensions. But the impact didn’t stop there — the crypto market also took a hit. Bitcoin and other major cryptocurrencies dipped as traders sought to hedge against growing uncertainty in global trade and finance.
As the June 1 deadline approaches, the world is watching closely. If the tariffs take effect, expect ripple effects across everything from tech and manufacturing to the fast-moving world of digital assets. For now, both Wall Street and the crypto crowd are bracing for what comes next.
