🚨 U.S. Slaps 30% Tariff on EU Goods – Effective August 1

President Trump's latest trade move sparks fears of a transatlantic trade war, with potential ripple effects across global markets.

Key Details of the Tariff Announcement

30% blanket tariff on all EU goods entering U.S.

$605 billion in annual trade affected

Effective August 1, 2025 – No sector exemptions

Follows similar tariffs imposed on Japan & South Korea last month

Market Reactions

💰 Bitcoin holds steady at $117,225 (39% 90-day gain)
📉 EU stocks tumble in pre-market trading
💬 EU Commission President von der Leyen: "We will respond appropriately"

Why This Matters

1️⃣ Retaliation Risk: EU preparing counter-tariffs on U.S. tech & agriculture
2️⃣ Supply Chain Disruptions: Auto, luxury goods, machinery sectors most vulnerable
3️⃣ Crypto Impact: Trade wars typically boost Bitcoin's safe-haven appeal

Historical Context

2018-2019: Similar Trump tariffs led to EU tariffs on Harley-Davidson, bourbon

2024: U.S.-EU trade reached record $1.3 trillion before new tensions

What's Next?

Emergency EU trade delegation heading to Washington

Markets watching July 15 CPI data for Fed policy clues

Bitcoin traders monitoring risk-off sentiment

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