Negotiations between the European Union and the United States on new tariffs have been extended until July 9, 2025, reducing the risk of immediate market disruptions.
Key Participants in Negotiations
The negotiations are led by US President Donald Trump and European Commission President Ursula von der Leyen. Trump initially proposed a 50% tariff, but the decision to hold additional talks indicates possible changes in trade policy.
Immediate Consequences
The EU is preparing retaliatory tariffs worth €100 billion if an agreement is not reached. This could significantly impact industries reliant on transatlantic trade, urging markets to prepare for potential shifts.
Impact on the Crypto Market
Increased tariffs would escalate market tensions, historically causing spikes in BTC and gold as hedges. Such financial volatility stresses potential adjustments in crypto markets.
Thus, the extension of tariff negotiations between the EU and US attracts attention in both traditional financial markets and the crypto market, where increased volatility and the need for a strategic approach may be observed.
