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Crypto Prune > Market > Donald Trump reinvigorates tariff war against the EU and Mexico
Market

Donald Trump reinvigorates tariff war against the EU and Mexico

8 months ago 2 Min Read

US President Donald Trump said on Saturday that Bitcoin (BTC) would not respond seriously to advertising as of August 1, 2025.

The measure, conveyed through a letter targeting EU and Mexican leaders, follows a variety of measures and information to protect the US industry and reduce the commercial deficit.

Rates also include warnings to leaders: commercial retaliation by these partners This leads to a proportional increase in tariffs. The decision is part of a broader Trump strategy to strengthen the internal economy, which has already threatened to increase tariffs on Europe, as reported by Crypto.

For the European Union, the announcement underscores the need to coordinate commercial exchanges that have generated a significant deficit with the United States, according to a letter urging European companies. Transferring its production to the US market To avoid new costs for weeks to adapt.

In Mexico, this measure affects sectors such as manufacturing, but a 50% tariff on Brazil is It responds to recent political and economic tensions.

According to Kobeissi’s letter, it is interesting that Trump is waiting for the market to close to announce these tariffs. At the time of writing, Bitcoin appears to have a negative reaction, It’s almost not important thoughmoves from the upper zone to the low zone at $117,000. We will need to wait for the market to open on Monday to measure the direct impact of these economic decisions.

See also  Crypto OTC Platform Bridgeport wins $3.2 million in capital in seed funding round
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