Bitcoin Drops as Trade War Escalates — Best Crypto to Buy Now
Just a day after Bitcoin reached its all-time high, another piece of news arrived that caused a pullback. And this time again, the reason—of course—is Donald Trump.
Posting on Truth Social, Donald Trump recommended a 50% tariff on the European Union, starting from June 1, 2025.
“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Trump said. “Their powerful trade barriers, VAT taxes, ridiculous corporate penalties, non-monetary trade barriers, monetary manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a trade deficit with the U.S. of more than $250,000,000 a year—a number…
