Trump Proposes 50% EU Tariffs, Markets React Swiftly – Coincu
The post Trump Proposes 50% EU Tariffs, Markets React Swiftly – Coincu appeared on BitcoinEthereumNews.com.
President Trump announces 50% tariffs on EU goods by June 2025, citing trade imbalances. European markets fall over 1%, raising investor concerns. Bitcoin considered a potential hedge among cryptocurrencies. President Trump’s announcement of a 50% tariff on EU goods cited heavy trade barriers and legal actions as catalysts for U.S. trade deficits. The social media post reiterated his dissatisfaction with current trade relations. Responses to Trump’s proposal were immediate, as leading European stock markets registered collective declines. European indices slid further, reflecting broad market unease and pressing immediate discussions about potential EU-retaliatory measures. Key Points: Market implications include a marked retreat in European stock indices, signaling apprehensive investor sentiments. Notably, the German DAX and Spanish IBEX35 fell over 1%, highlighting investor unease over economic prospects and potential EU responses. Responses to Trump’s proposal were immediate, as leading European stock markets registered collective declines. European indices slid further, reflecting broad market unease and pressing immediate discussions about potential EU-retaliatory measures. “Therefore, I propose to impose a 50% tariff on the EU starting June 1, 2025. No tariffs will be imposed if the products are made or produced in the U.S. Discussions with [the EU] have made no progress, and these trade imbalances are unacceptable.” — Donald Trump, President of the United States Bitcoin Gains as Safe Haven Amid Trade Tensions Did you know? Previous tariffs announced by President Trump between 2018 and 2019 led to significant safe-haven rallies, with Bitcoin often cited as a non-sovereign hedge amid trade tensions. Bitcoin (BTC) is trading at $108,164.50 with a market cap of $2.15 trillion and 24-hour volume decreasing by 30.44%, per CoinMarketCap. Ongoing geopolitical uncertainties have led to BTC’s 24-hour gain of 2.37%, underlining its role as a hedge against macro volatility. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 03:22 UTC on May…
Filed under: News - @ May 25, 2025 3:27 am