📰 Trump Slaps 30% Tariffs on EU & Mexico — What It Means for the Markets
Just in: Donald Trump has announced 30% tariffs on all imports from the EU & Mexico, starting Aug 1. Yes, all imports — from European cars to Mexican electronics and cheese. 🍷🚗📱
📌 Why it matters:
Trump says it’s about “protecting America” from trade deficits + cartel flows.
EU leaders are not happy. Retaliation might be on the table. 🔁
This could get spicy: 🚨 $2T+ in annual trade flows are in play.
💥 Impact:
🔼 Prices likely to rise — in both the US and Europe.
💹 Risk assets could feel the pressure if supply chains get shaken up.
🔄 EU may pivot more toward Asia (CPTPP talk heating up).
🧠 Zooming out: Trump’s using tariffs as leverage — again. But if you're in markets, expect volatility, currency shifts, and possibly a reroute of capital flows. EU stocks already dipped slightly, and the USD-EUR pair might get interesting in the coming weeks. 👀
💬 Your move: Is this bullish or bearish for crypto as global uncertainty rises? Safe-haven flows to BTC? Or risk-off vibes? Drop your thoughts ⬇️
