💥 Trump’s Tariff Threats Shake Markets — Bitcoin & Altcoins Tumble

Trump proposes a 50% tax on the EU due to trade talks' lack of progress.

Trump also threatened Apple with a 25% tax if it doesn't make phones in the US.

Bitcoin falls below $110,000 after Trump's tariff warnings.

Bitcoin (BTC) and the wider crypto market fell below $110,000 on Friday after US President Donald Trump threatened tariffs on the EU and Apple.

Bitcoin falls as Trump proposes EU and Apple tariffs.

President Donald Trump threatened EU and Apple tariffs again on Friday. The President recommended a 50% tariff on the EU and a 25% tax on Apple's foreign phones.

"I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the U.S. to be manufactured and built in the U.S.," Trump wrote on Truth Social Friday.

Trump called the EU, one of the US's greatest trading partners, "very difficult to deal with."

He stated their EU trade talks were fruitless and suggested the US impose a 50% tax.

Trump said his EU products tariff should start on June 1, but he didn't say when Apple's would.

The crypto market recovered from post-Liberation Day tariff losses in recent weeks. Binance data shows bitcoin rose about 50% from $75,000 in early April to $111,970 on Thursday, an all-time high.

After Trump's tariff warnings, Bitcoin fell below $110,000 and roughly 2% on Friday.

Ethereum, XRP, and Dogecoin fell roughly 3%, lowering the crypto market valuation by 3.5%.

FXStreet said that Nicolai Søndergaard, Research Analyst at Nansen, believes Trump's 50% tax on the EU, effective June 1, is more likely a negotiation technique than a policy.

"For now, this feels like a temporary disruption rather than a structural shift, but it underscores how sensitive risk assets are to policy signals, especially in the current macro environment," he said.

After Trump's remark, the stock market fell 1% before recovering to 0.37% at publishing.