On August 1, 2025, the US will introduce a 30% tariff on EU exports. This step raises concerns about potential effects on the economy and markets.
Tariff Introduction and EU Reaction
US President Donald Trump announced a 30% tariff on EU exports starting August 1, 2025. This action could disrupt transatlantic supply chains. European Commission President Ursula von der Leyen confirmed the EU's readiness for negotiations, while Germany's Economy Minister Katherina Reiche called for a pragmatic solution.
Economic and Business Consequences
The decision to impose tariffs has raised concerns among European businesses and politicians. Katherina Reiche indicated that this decision would severely impact European companies, requiring practical measures. The implementation of tariffs may lead to market volatility and economic uncertainty in European sectors.
Influence on the Cryptocurrency Market
The cryptocurrency market may also respond to the tariffs. As of July 13, 2025, Bitcoin (BTC) is valued at $118,221.29, with a market capitalization of $2.35 trillion. Historical data shows that in times of geopolitical instability, such as US-China trade tensions, Bitcoin has shown strength as a safe-haven asset.
With the US imposing tariffs on EU exports, significant impacts on the economy and industries are expected. Cryptocurrencies may become an important tool for investors amid rising market uncertainty.
