Here we go again, its been so long since such news appear, of course there's gotta be some correction right after BTC hitting new ATH after few weeks of tranquility.
I'd expect next few weeks to be a market full of rollercoaster but this 50% tariff toward europe is just bad.
We hardly know what intention trump gonna have, just hoping the market will be spared, it won't be funny if the market abruptly ended its bullish sentiment just because of tariff.
USA has fixed it's tariff differences with China and now they have opened another tariff front with EU. It will bring difficulties for US if they don't have support of EU. Bitcoin price is affected because of news and price has gone down a bit after this news broke out. I think it is another move of President Trump to negotiate with EU on his matter of interests just like he did with Ukraine and China. If US imposed 50% tariff on EU then in few weeks there will be meeting between US and EU representatives to settle this dispute.
I don't personally know the political direction of this trump administration seriously because trump is leading America to hit the rock one day because I know that the trade war between America and China didn't end well even for the Americans so opening another trade war with the E.U is one that that I don't welcome and suggesting up to 50% tariff on European goods is one thing that I see alarming
Trump should know that the global community needs each other to survive these tariffs are a statement that the United States of America don't need any one to do business with which is impossible to me because even the United States of America do import and export goods to other countries in the world
Trump is a business man and I believe he had learned how to create different scenes to his one benefit. Why would he announce 50% tariff on Europe when we thought this drama has ended a long time ago. This will be quite unfortunate for the European Union and they'll need to act fast so that Trump will not use the entire continent has a piss of trash.
This is absurd and we hope for a solution for this drama. Could this be a form of attack on the European countries because they planned on getting cheap gases from Russia? We are already getting used to this business man that thinks he could leverage on the world economy and sanction who so eve he despise. This is going to be a long tariff war on the European Union and I hope individual country can repel such an attack if possible.