๐ฐ Trump Slaps 30% Tariffs on EU & Mexico โ What It Means for the Markets
Just in: Donald Trump has announced 30% tariffs on all imports from the EU & Mexico, starting Aug 1. Yes, all imports โ from European cars to Mexican electronics and cheese. ๐ท๐๐ฑ
๐ Why it matters:
Trump says itโs about โprotecting Americaโ from trade deficits + cartel flows.
EU leaders are not happy. Retaliation might be on the table. ๐
This could get spicy: ๐จ $2T+ in annual trade flows are in play.
๐ฅ Impact:
๐ผ Prices likely to rise โ in both the US and Europe.
๐น Risk assets could feel the pressure if supply chains get shaken up.
๐ EU may pivot more toward Asia (CPTPP talk heating up).
๐ง Zooming out: Trumpโs using tariffs as leverage โ again. But if you're in markets, expect volatility, currency shifts, and possibly a reroute of capital flows. EU stocks already dipped slightly, and the USD-EUR pair might get interesting in the coming weeks. ๐
๐ฌ Your move: Is this bullish or bearish for crypto as global uncertainty rises? Safe-haven flows to BTC? Or risk-off vibes? Drop your thoughts โฌ๏ธ
