On July 12, US President Donald Trump announced a 30% tariff on imports from the European Union and Mexico. This decision has already sparked reactions from trade partners and financial markets.
Tariff Announcement
President Trump announced a 30% tariff on imports from the EU and Mexico as part of his trade policy. This decision affects the automotive and pharmaceutical sectors, raising concerns over potential disruptions in international trade.
Reactions from the EU and Mexico
The EU and Mexico expressed readiness to negotiate aimed at resolving the situation before the August 1 deadline. France and Germany have initiated efforts to counter the newly proposed tariffs if implemented.
Crypto Market Amid Trade Volatility
Amidst heightened market volatility, interest in cryptocurrencies like Bitcoin has surged. In the face of economic uncertainty, Bitcoin has reached a price of $117,882.25, reflecting a 39.80% increase over the last 90 days. Researchers note that similar trade tensions in the past have led to increased utilization of cryptocurrencies as alternative investment instruments.
Trump's introduction of new tariffs may lead to significant changes in international trade and reflect on financial markets. Investors and analysts will closely monitor the developments.
