Trump Extends EU Tariff Deadline to July 9, Signaling Continued Trade Tension

In a significant move that may escalate trade tensions between the US and the EU, President Trump has extended the June 1st deadline for his 50% tariff on the European Union. The new deadline is set for July 9th, 2025, with negotiations expected to commence swiftly. Trump’s announcement follows a prior proposal that triggered immediate market reactions, including stock and cryptocurrency fluctuations. Bitcoin prices fell sharply upon the initial tariff announcement, marking a significant correction after hitting its all-time high earlier in May.