Trump Proposes 50% Tariff on EU Imports from June 2025 – Coincu

U.S.-EU trade relations reach new heights as President Trump proposes a significant tariff.

As negotiations stall, global markets brace for the repercussions of this bold economic move.

U.S. Proposes Historic 50% EU Tariff Amid Trade Deficit

President Trump’s recent proposal for a 50% tariff on EU products marks a significant escalation in U.S.-EU trade relations. Announcing the plan on TruthSocial, he cited the high U.S. trade deficit with the EU as the rationale behind the measure.

If implemented, these tariffs could severely impact industries including automotive and agriculture, stimulating market volatility globally. EU officials have already expressed concerns, indicating that retaliatory tariffs could be on the table to balance the trade impacts.

“The main purpose of the EU’s establishment is to take advantage of the United States in trade, and it has always been tough to deal with. They have set up strong trade barriers… resulting in the U.S. trade deficit with the EU exceeding $250 billion annually, a figure that is completely unacceptable. Our negotiations with them have made no progress! Therefore, I propose to impose a 50% tariff on EU products starting from June 1, 2025. No tariff will be imposed on products manufactured or produced in the United States.” – Donald J. Trump, President, United States

Bitcoin Surges as Trade Uncertainty Drives Crypto Demand

Did you know? During the U.S.-China trade war in 2018-2019, similar tariff escalations led to a surge in Bitcoin demand as a hedge against market turmoil.

As per CoinMarketCap data, Bitcoin (BTC) is currently valued at $109,428, with a market cap of $2.17 trillion and a dominant market share of 62.77%. Over the last 30 days, its price has climbed by 17.09%, influenced by growing demand under geopolitical uncertainties.

Coincu research indicates that the financial sector could experience ripple effects from these tariffs, causing increased demand for cryptocurrencies as safer investments. This potential shift emphasizes the importance of digital assets in strategic portfolios. Discussing trade tensions, experts stress monitoring market adaptations closely.