France Opposes US Tariffs on EU; Urges Firm EU Response

President Emmanuel Macron announced France’s strong stance against the US’s plan to impose a 30% tariff on European Union exports beginning August 1. The French leader underscored, “France will fully support the European Commission’s position,” aligning with Ursula von der Leyen.

This trade conflict holds significant implications. Disruptions in transatlantic trade could affect investor confidence and lead to increased market volatility. Philippe Lamberts, a member of the European Parliament, stated, “The EU must answer forcefully to protect its interests.”

EU Negotiates Against US Tariff Threats

The European Commission and its president, Ursula von der Leyen, have led intense discussions with the US to avert the implementation of tariffs. The Commission’s aggressive stance reflects its commitment to defending EU’s economic interests. Nonetheless, the situation remains tense, and credible countermeasures, tapping into the anti-coercion tool, are being prepared.

Should the tariffs proceed, immediate trade implications could arise. Risks loom for both EUR/USD forex pairs and euro-pegged stablecoins. Cryptocurrency markets might see increased volatility, as observed during past trade disputes.

“A coordinated international response with partners like Canada and Japan would have far more weight… The EU appears determined to respond… with direct countermeasures.” — André Wolf, Senior Economist, LSE Europp Blog

Financial Strain Looms on Crypto and Forex Markets

Did you know? During the 2018 US-China tariff skirmish, major cryptocurrency assets like BTC and ETH experienced significant spikes in trading volume, mirroring macroeconomic tensions.

As of July 12, 2025, Bitcoin’s price is $117,473.77 with a market cap of $2.34 trillion, according to CoinMarketCap. The cryptocurrency shows a 38.61% increase over the last 90 days. Despite a recent decline in 24-hour trading volume by 58.67%, BTC remains stable.

Coincu’s research highlights potential shifts if no agreement is reached by August 1. Financial markets, from forex to crypto, could face increased risk aversion. The response of the cryptocurrency industry remains to be seen, but the potential for increased market volatility is evident.