Trump Slaps 30% Tariffs on EU and Mexico: Will Bitcoin’s Price React?
2025-07-12 13:11:09
Main Idea
US President Donald Trump has announced 30% tariffs on the European Union and Mexico, set to take effect on August 1, citing trade deficits and aiming for 'balanced and fair' trade.
Key Points
1. The tariffs target the European Union and Mexico, with the EU's Ursula von der Leyen receiving a letter outlining the decision.
2. The tariffs are described as a measure to address trade deficits and create 'more balanced and fair' trade conditions.
3. A similar tariff threat was communicated to Mexican President Claudia Pardo.
4. Bitcoin's price previously dropped significantly in response to similar tariff threats in April, falling from over $100,000 to under $75,000.
Description
Following a few quiet months of tariff deadline extension, US President Donald Trump has hit several countries in the past week or so, with the latest being Mexico and all nations within the European Union. Given BTC’s response to the initial such threats in April, the question now arises whether the asset’s recent resurgence and jump to uncharted territory will come to an end. BREAKING: President Trump announces 30% tariff on the European Union and Mexico. Trump says if they retaliate, these ta...
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