✅ On May 23, 2025, President Donald Trump announced plans to impose a 50% tariff on all European Union (EU) goods starting June 1, citing trade imbalances and criticizing EU trade practices. He also threatened a 25% tariff on Apple iPhones manufactured outside the U.S., urging the company to shift production domestically.
These announcements led to significant market reactions:
European Markets: Major indices like the Stoxx 600, CAC 40, and DAX experienced declines of up to 2.8%.
U.S. Markets: Apple Inc. (AAPL) shares fell by 3.5%, reflecting investor concerns over potential increased costs and supply chain disruptions.
Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M
Analysts suggest that while the tariffs are intended to pressure trade negotiations, they could have broader economic implications, including increased costs for consumers and potential retaliatory measures from the EU.
As of now, Bitcoin has recovered slightly, trading around $107,628, while Apple shares are at $195.27.
🔍Cryptocurrency investments carry risks. Therefore, this is not financial advice (No BSH recommendation). Hence please do your own research (DYOR) before making investment decisions.
