President Donald Trump announced a 30% tariff on imports from the EU and Mexico, leading to a decline in Bitcoin prices and raising concerns in financial markets.
Trump's Tariff Announcement
President Donald Trump announced a **30% tariff** on imports from the EU and Mexico, aimed at addressing trade imbalances and drug-related issues. This declaration was made via official social media channels. Mexico's President Claudia Sheinbaum reacted, calling the tariffs **'unfair treatment.'**
Market and Bitcoin Response
Financial markets reacted sharply to this announcement, anticipating further volatility. The **crypto sector**, including Bitcoin, reflected **risk-off sentiments**, evident in the **intraday decline** of prices. Recent trade tensions provide historical parallels that have led to price fluctuations in digital assets.
Global Implications and Potential European Actions
The European Union, led by President Ursula von der Leyen, favored a **negotiated solution** and warned of [countermeasures](https://www.euronews.com/my-europe/2025/07/13/leaders-of-eu-and-mexico-criticise-trumps-30-tariffs-while-urging-unity). Ursula von der Leyen stated, **'We have always been very clear that we prefer a negotiated solution. This remains the case, and we will use the time that we have now till the 1st of August. We've prepared for this, and we can respond with countermeasures if necessary.'**
Trump's announced tariffs could significantly influence both long-term trade relations and cryptocurrency markets, creating uncertainty and volatility moving forward.
