#TrumpTarrifs President Trump's trade policies are making waves again, with new tariffs shaking global markets. Here's the breakdown:
1. 50% Tariff Threat on the EU
- Trump proposed a 50% tariff on EU goods starting June 1 if trade talks fail.
- European luxury stocks (LVMH, Hermès) dropped 3-4%, and the EU prepared $108B in retaliatory tariffs.
2. Apple Faces 25% Tariff
- iPhones could get hit unless production moves to the U.S., potentially raising prices to $3,500+.
- Apple shares fell 2.6%, losing $70B in market value.
3. Crypto & Macro Reactions
- BTC dipped to $109K (-1.8%) as traders weighed risks, but some see crypto as a hedge.
- Global GDP could drop 1% if tariffs escalate, with long-term U.S. GDP at risk.
- M&A deals rebounded after a 66% plunge in April as markets adjusted.
4. China Gets Temporary Relief
- U.S.-China agreed to a 90-day tariff cut, reducing rates from 145% to 30% and 125% to 10%.
- Stocks rallied, but long-term uncertainty lingers.
5. What's Next?
- July 9 deadline for talks with 50+ trading partners (Vietnam, India, etc.).
- Luxury goods, tech, and commodities (steel, autos) remain volatile.
Your Take?
Will tariffs push more investors into crypto, or will broader economic risks hurt all markets? Share your thoughts using #TrumpTariffs! #TrumpTariffs #TRUMP #Apple #crypto $BTC
