Trump’s Tariff Announcement Shakes Financial Markets and Crypto Spaces – BitRss

President Donald Trump announced a 25% tariff on cars and other products from the European Union. This decision has created uncertainty in global trade and led to volatility expectations in the markets. Additionally, potential fluctuations in the cryptocurrency markets have been raised.

Trump’s Statements

Trump continues to assert that the EU offers unfair advantages to the U.S. In his statements during the meeting, he indicated steps would be taken to rectify imbalances in trade. Officials reported that the tariff would be formally implemented as soon as possible.

Donald Trump: “The European Union restricts American products while providing market access to the U.S.”

Forecasts suggest that this additional tariff on the EU may come into effect in the first days of April, indicating that negative sentiment in cryptocurrencies could persist for 30-35 days while negotiations continue.

Impacts on Financial Markets

Following the tariff announcement, the Euro dropped by 0.2% against the U.S. dollar. Similar impacts were observed in other sectors, including the automotive industry. Market actors assessed that these measures might strain trade relations.

…