In keeping with analysts, the tariff battle between the US and the EU is on step 4 out of 10 now.
After a number of international locations from the European Union deployed troops to the newest sizzling zone, Greenland, the POTUS introduced a brand new set of tariffs towards all of them, efficient from February 1 till a deal for the whole acquisition of the island is reached.
The EU’s response was rapid, whereas US Democrats have pushed to introduce laws to dam Trump’s proposed tariffs. Regardless of all this drama, BTC’s value has remained secure, despite the fact that it’s the one monetary asset obtainable for buying and selling throughout the eventful weekend.
Newest Developments
As reported yesterday, the newly introduced tariffs towards Denmark, Sweden, France, Germany, the UK, the Netherlands, and Finland might be efficient from February 1. The taxation might be 10% on all items despatched to the US, but when there’s no deal reached by June 1, the share will improve to 25%, stated Trump.
Shortly after, reviews emerged that the EU plans to halt approval of the commerce take care of the US after the most recent threats. The lawmakers additionally scheduled an emergency assembly for in the present day.
In keeping with analysts from the Kobeissi Letter, who stated they spent 12 months researching Trump’s tariff playbook, that is the fourth step within the commerce battle. They believe monetary markets will open decrease on Sunday night and Monday, however Trump will proceed to play “hardball.”
In contrast to the current US-China bout, they famous that the Greenland scenario would require extra time as a result of such a possible acquisition “can’t occur in a single day and the EU stays extremely against even the thought of such a transaction.”
The Democrats have been fast to maneuver on US soil, reportedly planning to introduce laws to dam the POTUS’s proposed tariffs on EU international locations.
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BTC Stands Nonetheless
The commerce wars have impacted the first cryptocurrency in earlier situations, particularly the primary one which unraveled in April 2025. On the time, BTC tumbled from $110,000 to $75,000.
Nevertheless, it has been extra resilient throughout the subsequent tariff battles, and the scenario appears comparable now, at the very least to date. Though the cryptocurrency markets are the one ones buying and selling 24/7 and are open throughout this risky weekend, BTC’s value has remained secure at simply over $95,000.
Nonetheless, extra fluctuations are anticipated later in the present day as new developments unravel, the EU holds the assembly, and the futures markets open.
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