Trump’s EU Tariff Threat Leads to Sharp Correction in the Crypto Market

US President Donald Trump announced plans to impose a 50% tariff on all goods imported from the European Union, effective from June 1. The announcement has caused some nervousness in the crypto market, as earlier bullish momentum has corrected.   The proposed tariffs come in response to what Trump described as persistent trade imbalances and regulatory barriers. He accused the EU of maintaining unfair trade practices that have harmed US businesses source: https://beincrypto.com/trump-eu-tariff-crypto-volatility-liquidations/