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🚨 Trump to Impose 30% Import Tariff on EU Goods Starting August 1
Former President Donald Trump has announced plans to slap a 30% import tax on goods coming from the European Union, effective August 1. The news has rattled markets — and all eyes are now on how Europe will hit back.¹ ² ³
💥 What This Could Mean:
Global Trade Tensions: This move could spark a wider trade war across continents.
Risk Assets Under Pressure: Markets tied to risk are already showing weakness 📉.
Currency Volatility: Expect instability between the US dollar and the euro 💱.
Gold in Demand: As confidence in fiat currencies drops, gold may become the go-to safe haven 🥇.
🇪🇺 EU's Warning Shot
Brussels has warned it will retaliate with tariffs of its own if the US follows through — raising the risk of a full-blown transatlantic trade war.⁴
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