Bitcoin, Ether Tentative, XRP Steady as Trump Announces 30% Tariff on EU and MexicoWhat to know:
Major cryptocurrencies traded slightly weak as President Trump announced new tariffs on Mexico and the EU.
Trump imposed a 30% tariff on imports from Mexico and the EU, effective Aug. 1.
Bitcoin and Ether saw moderate declines, while XRP held on to gains.
Major cryptocurrencies, excluding XRP, registered moderate losses as President Donald Trump announced fresh tariffs on imports from Mexico and the European UnionĀ (EU).
The President slapped 30% levy on the two trading partners, which will take effect from Aug. 1, according to letters Trump posted on his Truth Social account.
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