Global Markets in Turmoil Amid Tariff Tensions

President Trump's tariffs have disrupted global markets, prompting the EU to retaliate with countermeasures against key US exports. Over 70% of EU exports to the US face a 20% tariff, raising concerns across Europe. Wall Street reacted sharply, with the S&P 500 and Nasdaq experiencing their worst week since 2020.

US officials defend the tariffs as essential for resetting global trade, but investors brace for further losses amid rising volatility. The tariffs are seen as a significant departure from trade norms, affecting trust internationally.

Bitcoin remains resilient amidst stock market turbulence, with some traders viewing the situation as bullish for cryptocurrency. As traditional assets face uncertainty, Bitcoin's role as a potential safe haven becomes more pronounced.