The implementation of a 30% tariff on imports from the EU and Mexico, effective August 1, 2025, has triggered significant volatility in financial and cryptocurrency markets.
Tariff Announcement
U.S. President Donald Trump confirmed the 30% tariff on imports from the European Union and Mexico via his Truth Social platform.
Market Reactions
Following the tariff announcement, Bitcoin prices saw a decline, while Ethereum is also expected to experience volatility. These shifts reflect a more risk-averse sentiment in the market, reminiscent of the U.S.–China trade war.
Outlook and Consequences
Experts caution that prolonged trade tensions could lead to increased volatility within the crypto markets. The outcome of ongoing trade discussions will be crucial for the financial markets.
The announcement of new tariffs has resulted in significant changes in financial markets and could have lasting effects on the cryptocurrency sector.
