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Trump Administration Imposes 30% Tariffs on EU and Mexico, Effective August 1st
Trump Administration Imposes 30% Tariffs on EU and Mexico, Effective August 1st
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BTCCSquare news:
President TRUMP announced sweeping 30% tariffs on imports from the European Union and Mexico via Truth Social posts, with the measures set to take effect August 1st. The move threatens to disrupt major trade relationships, as both regions account for significant portions of U.S. commerce.
Market analysts anticipate potential Ripple effects across asset classes, though the immediate crypto impact remains unclear. Historically, trade wars have driven some investors toward decentralized assets as hedges against traditional market volatility.
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