The issue of the tariffs imposed by Trump is witnessing new developments, especially after his announcement of a proposal to impose a 50% tax on European goods. Currently, the United States and India are nearing a trade agreement that may be finalized within 10 days, which is considered positive for the market, especially after the previous positive reaction of digital assets (such as Bitcoin) when the United States reached an agreement with China.
- It is noted that the proposed agreement between Washington and New Delhi aims to reduce the 26% tax resulting from Trump's tariff, with a partial exemption for Indian goods and a 10% tax on Indian imports, as well as the elimination of tariffs on specific products.
- On the other hand, Trump threatened Apple with a 25% tariff if it does not move the manufacturing of iPhones to the United States, but reports suggest that this will not affect its current operations.
- American officials have indicated progress in negotiations with India and other Asian countries, while criticizing the European Union for its lack of cooperation, which prompted Trump to propose increasing tariffs on his goods to 50%.
- These statements negatively impacted the price of Bitcoin, as it dropped from $111,900 to $108,000, confirming the digital market's sensitivity to news about tariffs.#TrumpTariffs