Trump Issues July 9 Update on EU Tariff, as Analyst Warns Potential Red Week For Bitcoin (BTC)
The post Trump Issues July 9 Update on EU Tariff, as Analyst Warns Potential Red Week For Bitcoin (BTC) appeared on BitcoinEthereumNews.com.
Bitcoin price surged above $109,400 in the early Asian trading hours on Monday, hitting its highest level since Friday’s close. Critical Derivative trading metrics suggest the uptick is closely tied to investor reactions to U.S. President Donald Trump’s Sunday evening update regarding EU trade tariffs. Bitcoin (BTC) Nears $110K as Trump Delays 50% Tariff on EU Goods Until July 9 Bitcoin price came within whiskers of $110,000 resistance in the early hours of Monday as markets reacted to fresh social media posts from US President Donald Trump. At approximately 6 PM EST on Sunday, Trump announced via Truth Social that the 50% tariff on European Union imports—initially slated for June 1—would now be delayed until July 9, 2025. “I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension… I agreed. The Commission President said that talks will begin rapidly.” – Trump posted on TruthSocial on Sunday. The announcement followed a direct phone call between Trump and von der Leyen earlier in the day. Donald Trump Delays 50% EU Tariffs till July 9 | Source: TruthSocial/RealDonaldTrump In response, Ursula, von der Leyen, President of the European Commission took to X, echoed Trump’s sentiment, commenting “good call” and noting that “Europe is ready to advance talks swiftly and decisively.” Ursula von der Leyen Reacts to Trump’s Delay on EU Tariffs | Source: X.com The decision to extend the deadline comes after Trump shocked markets on Friday by threatening to impose 50% duties on EU goods. That announcement had initially rattled both traditional and crypto markets, as investors digested the prospect of renewed trade wars. Trump’s updated stance now gives both sides a six-week window to reach a broader trade agreement, potentially de-escalating tensions that had been brewing since his April call for a 20%…
Filed under: News - @ May 26, 2025 8:25 am