Trump Imposes 50% Tariff on EU: Bitcoin and Crypto Markets React

President Trump’s announcement of 50% tariffs on the European Union has sent shockwaves through global markets, highlighting economic instability. This move follows stalled trade negotiations between the two entities. Experts anticipate heightened tensions in international trade relations as a result. The tariffs specifically target smartphone manufacturers, with Apple facing increased costs for non-US iPhone production at 25%. Trump himself stated his determination to maintain this 50% tariff despite continued negotiation efforts.