🚨📉 Bitcoin Declines After Trump Announces 30% Tariff on the EU and Mexico

The price of Bitcoin ($BTC ) has sharply declined from its daily high of $118,200, following the announcement by U.S. President Donald Trump of a 30% tariff on goods coming from the European Union and Mexico starting August 1.

🔸 Key Details:

• Bitcoin's drop from a level close to its all-time high.

• The 30% tariffs on the EU and Mexico may negatively impact market sentiment.

• Trump had previously imposed a 25% tariff on Japan and South Korea, and sent similar trade messages to other countries.

Some analysts believe that these political and trade developments could lead to a trade war, which may increase negative pressure on the markets, including the cryptocurrency market.

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