Trump’s New EU Tariff Threat Disrupts Markets, Bitcoin Suffers

Former President Donald Trump announced a 50% tariff on all EU imports starting June 1st, citing a $250 billion annual trade deficit and stalled negotiations. This move sparked immediate market uncertainty, with Bitcoin dropping below $109,000 in response to the news of escalating trade tensions. Experts warn that this action could disrupt global economic activity as markets react to potential negative impacts on international trade.