#TrumpTariffs Trump presses the EU: proposes 50% tariff from June 1

Donald Trump stated that he "recommends" imposing a 50% tariff on imports from the European Union, as he sees no chances of reaching an agreement due to the regulatory complexity of European legislation.

Such a geopolitical move has caused a new wave of volatility — both in traditional finance and in the cryptocurrency market. Therefore, part of the capital may flow back into Bitcoin and altcoins as they are considered less controlled assets.

Bad news for the world is often good news for crypto. 🤑🤑🤑🤑