US President Donald Trump has reportedly announced a 50% tariff on the European Union, starting on June 1, 2025. This development follows Trump’s Truth Social post that threatened Apple with a 25% tariff on iPhones not manufactured in the US. With these escalating trade tensions, financial markets are facing a downturn, with top cryptocurrencies like Bitcoin bleeding.
Breaking: Bitcoin Bleeds As Trump Slaps EU with 50% Tariffs Starting June 1
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23 May 2025 13:15, UTC