based on materials from the site - By Tokentopnews.com
Donald Trump's potential tariff plan could change the dynamics of trade between the United States and the European Union, leading to changes in international trade policy.
Trade negotiations
Donald Trump intends to inform the European Union about a possible adjustment of tariffs in an official letter. This statement reflects his administration's unwavering strategy of revising trade agreements to achieve 'reciprocity' and 'fair trade' with key long-standing partners.
In his statement, Trump emphasized a willingness to negotiate if alternative proposals that align with U.S. interests arise. His message also highlights that the August 1 deadline may be discussed if the EU offers to adjust its tariffs.
"If they propose something different, and if I like it, we will do it... the August 1 deadline was 'hard, but not 100% firm'. If they propose and say that we would like to do something differently, we will be open to that. But essentially, the situation is exactly this right now." — Donald Trump, President of the United States
Trump will send a letter to the EU regarding tariffs, initiating potential negotiations
The anticipated consequences may affect markets sensitive to trade disputes, reflecting past reactions observed during the tariff exchange between the U.S. and China. Investors and companies are closely monitoring any upcoming economic changes.
Financially, Trump's approach could put pressure on sectors dependent on transatlantic trade, potentially leading to business disruptions. On the other hand, it may open opportunities for new negotiations and the establishment of trade agreements beneficial to certain industries.
Historical trends indicate a tendency towards defensive asset allocation, including investments in cryptocurrencies such as BTC and ETH, amid increased macroeconomic uncertainty. The lack of official data on the impact on the cryptocurrency market remains, however, similar events suggest potential volatility.