President Donald Trump announced a 25% tariff on goods originating from the European Union, causing volatility in global financial markets and raising concerns about potential cryptocurrency fluctuations. This move comes amid Trump’s ongoing assertions of unfair trade practices by the EU. Officials confirmed plans to implement the tariffs swiftly. 30-35 days of negative sentiment in cryptocurrencies are anticipated due to uncertainties surrounding negotiations as early April has been identified as the potential implementation date for this tariff. Financial markets experienced a drop in the Euro’s value against the US dollar by 0.2%. The automotive sector also showed significant impacts. Experts anticipate these tariffs could strain trade relations and potentially disrupt international trade balances. Economists and market participants warn that such policies might have lasting effects on global economic dynamics.