$BTC In a major development for global markets, US President Donald Trump and European Commission President Ursula von der Leyen announced a framework trade agreement at a summit in Turnberry, Scotland.
The deal sets a 15% US import tariff on EU goods, a significant de-escalation that averts a previously threatened 30% rate.
The agreement also includes a commitment for $600 billion in EU investment into US energy and defense sectors over the next three years, a move aimed at reducing Europe’s reliance on Russian fuel.
However, existing tariffs on steel and aluminum will remain at 50% for the time being.
This easing of transatlantic trade tensions has provided a positive backdrop for risk assets, including cryptocurrencies.
Bitcoin is up 1.24% in early Asian hours, and the CoinDesk 20 (CD20) Index, a broad measure of the largest digital assets, has risen 2.37% to 4,099.18, extending its recent recovery.
