After a nervy period of negotiations, the United States (US) and the European Union (EU) have inked a major trade deal ahead of the August 1 tariff deadline. The reports have triggered a rally for top crypto assets with Bitcoin, Ethereum, and BNB leading the price spike.
US President Donald Trump met with European Commission President Ursula von der Leyen in Scotland to iron out the finer details of the deal. The new deal means the EU will now avoid paying a 30% tariff on exports to the US ahead of Trump’s looming August 1 deadline.
