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US Threatens 17% Tariff on European Agricultural Products

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by Giorgi Kostiuk

6 hours ago


The United States is considering a 17% tariff on key agricultural goods from the European Union as part of its trade strategy.

Potential Impact on EU Agriculture

The Trump administration has warned the European Union of a potential 17% tariff on essential export items, including chocolate, butter, and olive oil. This measure affects critical sectors of EU agriculture, which may exert significant pressure on suppliers.

Crypto Market Reaction

Despite the rising trade tensions, the cryptocurrency markets have shown no significant changes. Historically, trade issues have sometimes spurred interest in assets like Bitcoin as a hedge, but currently, the situation remains stable.

Experts on Tariff Impact

Experts note that rising tariffs could lead to volatility in global markets, although the crypto sector has not demonstrated significant changes yet. "The tariff could be implemented as early as July 9, adding substantial pressure to ongoing negotiations," official reports indicate.

The potential introduction of a 17% tariff on EU agricultural goods highlights the escalating trade tensions. However, the cryptocurrency market remains resilient.

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