According to reports, the tariffs, set to take effect by April 2, 2025, target sectors critical to EU exports, including motor vehicles from Germany and Italy, which face a steep jump from the current 2.5% U.S. duty rate. Trump framed the move as part of his “Fair and Reciprocal Plan,” signed Feb. 13, to align U.S. tariffs with those of trading partners. “They don’t take our cars, our farm products—we’re going to straighten that out,” he said to the press.

Bitcoin dropped to an intraday low of $83,337 on Wednesday afternoon.

At the time, the EU swiftly condemned the tariffs as “unjustified,” with European Commission President Ursula von der Leyen pledging “firm and immediate” countermeasures. Historical precedents suggest retaliatory tariffs on politically sensitive U.S. goods, such as agricultural products or motorcycles, mirroring actions taken during Trump’s first term. French President Emmanuel Macron urged EU unity, stating the bloc would “make itself respected” if challenged.

Economic analyses project significant disruptions. U.S. consumers may face higher prices for imported vehicles, pharmaceuticals, and electronics, potentially reigniting domestic inflation. The tariffs echo Trump’s prior policies during his first tenure, which imposed levies on steel, aluminum, and Chinese goods. While those measures reshaped trade flows with limited macroeconomic fallout, experts warn the latest tariffs could have broader consequences due to the EU’s deep economic integration and reliance on U.S. markets.

Heightened anxieties heighten concerns of an extended trade conflict. On Wednesday, the Dow Jones experienced a downturn, while the crypto economy has diminished by 1.22% in the past 24 hours. Bitcoin (BTC) reached a low of $83,337 in the wake of this development. Bitcoin derivatives positions witnessed $165 million in liquidations, with $118 million attributed to long positions. Trump’s tariffs have proven detrimental to bitcoin (BTC) and the broader crypto market.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。