<ul><li>U.S. President Donald Trump has announced a proposed 50% tariff on EU imports starting June 1st, escalating trade tensions with the European Union.</li><li>Trump accused the European Union of various trade malpractices and stated negotiations were not progressing, leading to the recommendation of a 50% tariff on EU imports.</li><li>Markets reacted negatively to the tariff announcement, with Dow Jones and European stocks taking a hit. Bitcoin also fell by 3.6% in an hour after the news, breaking its ascending pattern.</li><li>Despite recovering some losses, Bitcoin is currently trading at $108,338, down 2.51% over the last 24 hours, following the market impact of Trump's tariff plan.</li></ul>

Bitcoin ATH Momentum Halts as Trump Threatens Europe with 50% Tariffs

Discover more