🚨JUST IN: Crypto and Stocks Markets Crashed After Trump Threatens 50% Tariff on EU; Tech and Crypto Slide in Pre-Market
U.S. stock futures slipped early Friday following a sharp statement from former President Donald Trump, who announced on X (formerly Twitter) a proposed 50% tariff on all European Union imports starting June 1, 2025. Trump criticized the EU for what he described as unfair trade practices and a $250 million annual trade deficit with the United States.
The announcement triggered immediate concerns among investors, with pre-market trading showing notable declines across major U.S. indices. Technology stocks led the downturn, while Bitcoin and other cryptocurrencies also dipped in response to rising geopolitical and trade tensions.
Analysts warn that the proposed tariff, if enacted, could disrupt global trade flows and increase costs for consumers and companies alike — a scenario that markets are already beginning to price in.
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