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New trader265
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#TrumpTariffs , #MacroUpdate , #ETHMarketWatch #MarketPullback BREAKING: Trump threatens 50% tariffs on all EU imports The crypto market reacts. President Donald Trump has escalated his trade war rhetoric, proposing a 50% tariff on all European Union imports, citing a $235.6B trade deficit in 2024. The announcement has sparked tension across global markets, with the EU warning against a “threat-based” trade policy. Key Points: Apple, Samsung and other tech giants could face new tariffs if products are made abroad and sold in the U.S. Existing tariffs remain: 25% on Canada & Mexico, 10% on China, 125% for Chinese fentanyl-related imports. A 90-day suspension (expiring July 9) is in effect for most tariffs—except China. Crypto Market Response: BTC dropped briefly to $93K to $94k after tariff threats, then rebounded on hopes of renegotiation. ETH remains volatile amid broader macro fears. Analysts see potential long-term bullish pressure as investors explore crypto as a hedge against currency and trade uncertainty. Binance CEO Richard Teng: “Crypto may thrive in uncertain times—it’s decentralized, borderless, and apolitical.” Stay tuned for more updates as macro conditions evolve.
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