The EU promises retaliatory measures in light of new U.S. plans to impose tariffs

based on materials from the website - By Coincu

The President of the European Commission, Ursula von der Leyen, has opposed the new 30% tariffs on exports from the EU announced by Donald Trump, which are set to take effect on August 1, pointing to a potential disruption in trade.

The increase in U.S. tariffs may lead to disruptions in the transatlantic supply chain, negatively affecting businesses and consumers worldwide. The EU is seeking a solution to the problem through negotiations but is also preparing for retaliatory measures.

The American tariffs announced by President Trump, including a 30% increase on EU exports, could significantly impact supply chains. The President of the European Commission, Ursula von der Leyen, stated a firm commitment to protecting EU interests until negotiations are completed.

The increase in tariffs is met with strong resistance and repudiation from European organizations, which are preparing proportional retaliatory measures. These tariffs could put pressure on trade relations between the EU and the U.S., likely affecting the interests of multinational businesses and economic dynamics. Markets reacted immediately: leaders like Bernd Lange from the European Parliament condemned the imposition of tariffs, calling them a 'slap in the face', and demanded tough measures from EU institutions. The anticipation of trade tensions intensifies market volatility, especially in sectors with cross-border dependencies.

Market volatility in the cryptocurrency sector amid escalating trade tensions between the EU and the U.S.
The trade war between the U.S. and China serves as an example of a similar situation that historically led to increased volatility in the global market, indicating potentially similar consequences for EU-U.S. relations.

Experts from Coincu predict potential changes in investor sentiment and market dynamics. Ongoing trade issues may lead to heightened volatility in the cryptocurrency market as stakeholders react to increased economic uncertainty and potential regulatory measures.