President Trump’s recent announcement of a 50% tariff on EU imports has sent shockwaves through the financial markets, with cryptocurrency and U.S. equities experiencing significant downturns. The proposed tariffs, set to take effect in June, are causing uncertainty and volatility in key sectors. While Bitcoin’s price dropped 2.5% immediately after Trump’s tweet announcing his decision on trade practices, similar impacts were seen on Ethereum and other cryptocurrencies. U.S. stocks like Apple also suffered heavy losses, exceeding 3.6%. The proposed tariffs have triggered widespread concern about the potential economic repercussions of escalating tensions between the U.S. and EU. Experts point to a historical pattern of increased volatility in cryptocurrency markets when trade disputes arise, highlighting the crypto market’s heightened sensitivity to global economic shifts.