Good morning, the midday news is here!
1. Trump will impose a 20% tariff on all European goods
According to the U.S. Consumer News and Business Channel, Donald Trump has decided to raise tariffs on all goods from Europe, aiming to increase the baseline tax rate to 15% to 20% in the next trade agreement.
2. China has conducted multiple rounds of negotiations with Brussels, hoping to maintain the tariff at 10%, but this idea has been abandoned.
3. The White House has rejected the EU's latest proposal to lower automobile tariffs, with officials close to the negotiations stating that Trump fully agrees to keep the tariffs on European cars locked at 25%, just like now.
These may be the reasons for the sharp decline in ETH last night!
