After a month of calm regarding tariffs and even positive progress between the U.S. and China, the U.S. president has begun issuing threats to partners.
This time, it is solely aimed at the European Union.
Trump has proposed to impose a 50% tariff starting June 1.
The U.S. president believes that the "main purpose of the formation of the EU is to take advantage of the U.S. in trade," and the numerous barriers set up by the EU have caused many inconveniences in the daily lives of American citizens. In fact, he claims that the EU's policies have led to an annual trade deficit of over $250 billion for the U.S.
His statement, released a few minutes ago, has had a profound and direct impact on the cryptocurrency market, just like previous announcements related to tariffs.
Bitcoin's price, after experiencing yesterday's historic high, has dropped by several thousand dollars, falling below $109,000, with a low of $107,250.
Recall that a few months ago, after Trump launched a trade war against almost every country, this asset saw a significant decline. BTC hit bottom on April 7 and 9, with prices falling below $75,000, marking a new low in five months.
With the improvement of the global economic situation, and even the economic conditions between the U.S. and China showing signs of improvement, Bitcoin began to rally, increasing by more than $35,000 within a month and a half, breaking the historical high reached in January.
This time, it is solely aimed at the European Union.
Trump has proposed to impose a 50% tariff starting June 1.
The U.S. president believes that the "main purpose of the formation of the EU is to take advantage of the U.S. in trade," and the numerous barriers set up by the EU have caused many inconveniences in the daily lives of American citizens. In fact, he claims that the EU's policies have led to an annual trade deficit of over $250 billion for the U.S.
His statement, released a few minutes ago, has had a profound and direct impact on the cryptocurrency market, just like previous announcements related to tariffs.
Bitcoin's price, after experiencing yesterday's historic high, has dropped by several thousand dollars, falling below $109,000, with a low of $107,250.
Recall that a few months ago, after Trump launched a trade war against almost every country, this asset saw a significant decline. BTC hit bottom on April 7 and 9, with prices falling below $75,000, marking a new low in five months.
With the improvement of the global economic situation, and even the economic conditions between the U.S. and China showing signs of improvement, Bitcoin began to rally, increasing by more than $35,000 within a month and a half, breaking the historical high reached in January.
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BTC
107,354.81
-3.56%