On May 26, U.S. President Trump stated that the European Union requested an extension of the trade negotiation window, and he agreed to extend the deadline to July 9. Last week, Trump announced that he would impose a 50% tariff on EU imports starting June 1. Earlier, European Commission President Ursula von der Leyen stated after speaking with Trump on Sunday that the EU was ready to 'quickly and decisively' advance trade negotiations with the U.S., but Trump needed to return to the original 90-day negotiation period. After Trump changed his mind again, Bitcoin briefly rebounded to over $109,000, currently quoted at $108,840. Previously, on May 23, Trump stated, 'The main purpose of the EU's establishment is to take advantage of the U.S. in trade, and there has been no progress in negotiations with them. I suggest imposing a 50% tariff on EU products starting June 1, 2025.' This statement once led to a decline in U.S. stocks and Bitcoin.

#BTC