Trump Tariffs Impact Crypto: EU & Apple Hit by New Trade Measures

President Trump has escalated the trade war with the European Union (EU) with new tariffs set to take effect June 1st, 2025. These tariffs will apply a 50% rate on goods coming from the EU, following earlier threats against Apple’s multi-billion dollar business operations. The resulting market response has been noticeable in the cryptocurrency sector. Crypto investors are experiencing volatility due to these new developments.