🟡 The US Treasury is preparing a wave of trade deals — the EU under pressure, Asia on the rise
— US Treasury Secretary Scott Bessent stated: "A multitude of trade agreements will be announced in the coming weeks."
— This concerns new deals with Asian countries — negotiations with India have progressed particularly well.
— All of this comes against the backdrop of a 90-day pause on reciprocal tariffs, announced by Trump on April 2. The deadline is until July 1.
⚠️ Meanwhile, the EU is not in favor:
• Trump has already threatened to impose 50% tariffs starting June 1
• Bessent criticized the EU's inability to negotiate collectively
• According to him: "Asia is behaving sincerely, the EU is not"
📉 Potential impact on the crypto market: moderate. Reduced tension with Asia = positive for global markets, including crypto. However, escalation with the EU could strengthen the dollar and cause a liquidity outflow from risk assets.
Historical fact: in 2018-2019, similar trade wars exacerbated crypto volatility. During this period, Bitcoin repeatedly became a "safe haven asset" for some investors.
