Trump announces a 30 % tariff for the European Union and Mexico, BTC price slides star-news.press/wp

Trump’s tariff threatens to slow down the bullish momentum of the BTC price. The main encryption decreased sharply after the president announced his commercial messages to the European Union and Mexico, imposing a 30 % tariff on goods from both regions.

The price of BTC decreased as Trump sends commercial messages to the European Union and Mexico

Coinmarketcap data He explains that Bitcoin has decreased sharply to less than $ 118,000 after Trump announced a 30 % tariff for both the European Union and Mexico. The leading Crypto rose to $ 11,200 today, but it is likely to reach its lowest daily levels after this announcement.

In a series of The truth is social communicationThe President revealed commercial messages he sent to both regions, and informed them of a 30 % tariff for their products that will enter the United States. These definitions will become valid as of August 1, just like other definitions that Trump recently imposed on other countries, which sparked a huge feeling of BTC price.

Coingaape mentioned earlier, On July 7, Trump imposed a 25 % tariff on South Korea and Japan. He also sent commercial messages to 12 other countries on the same day, and imposing different tariff rates. The BTC price fell to less than $ 108,000 a day.

However, it is interesting, that the leading Crypto recovered well and rose to the highest new level (ATH) on July 10, breaking more than $ 112,000 for the first time in history. Since then, Bitcoin has continued to climb and now the current ATH is proud of $ 118,800.

However, Trump’s tariff remains a huge factor for the BTC price, taking into account how this development can lead to a trade war between the United States and these countries. The American president has already threatened revenge if any of these countries chose to increase customs tariff rates on American goods.

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Alignafe Adeyemi

Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

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