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The return of Donald Trump to the world economic field was enough for the markets to shake. Friday, Lapidary Statement on the Truth Social Set Fire to The Powder: 50 % Clasts Claties of European Imports from 1er June. The reaction was not long in arrival. Wall Street wandered traders as an emergency opening position and the Kryptos market gathered shock: Bitcoin dropped by 4 %, which led to liquidation by more than $ 300 million.
In short
- Donald Trump threatens to save 50 % of customs duties on European imports on June 1, thus re -tension of the trade to trigger transatlantic trade.
- The US President condemns a business deficit, which he considers unacceptable, estimated between $ 300 and $ 350 billion, which is a number questioned by Brussels.
- This escalation occurs in the context of blocked negotiations between the EU and the United States, even over a 90 -day price break at the beginning of this year.
- His statement caused an immediate decline in bitcoins by 4 %, with a choice of the crypto market on the market market was taken up to $ 107,367 and more than $ 350 million.
Return of Commercial Settlement: Trump triggers pressure on Europe
A trade agreement between the United States and China, followed by a 90 -day ceasefire, caused a wave of optimism to the world economy. This Friday 23rd, however, Donald Trump revived the tension of trade between the United States and the European Union by a clear message published on Truth Social:
Our discussion is not possible. Under these conditions, I recommend that I impose 50 % of customs obligations on the EU, from 1er June.
It openly accuses the European Union of structural commercial imbalances. So he says that “The EU has been created in the first place to use the United States from a business point of view”. This statement, more radical than the previous one, is part of the context of the stagnant negotiations, despite the 90 -day customs in -view in the spring.
Trump justifies this escalation by a number of economic complaints, in detail in his publication. Here are the tension points raised by the US President:
- Business deficit: Estimated by Trump between $ 300 and $ 350 billion. Official US data (Ustr) will be assessed at $ 235 billion, while the European Commission speaks of 150 billion euros for goods and 50 billion if services are included.
- Customs and Tax Barriers: Trump condemns “Business Barriers”Adverse European VAT and Netariff restrictions.
- Regulatory pressures on American societies: quotes “Ridiculous sanctions”Unjustified management and behavior considered discriminatory against American societies operating in Europe.
- Progressive price increase: Since its return, Trump has increased customs to 12.5 %, after the first increase in early April. 50 % threshold would be the main break.
The discussion between US representatives and European officials, especially Maros Sefcovic on the European side and Scott Bessnt, Howard Lunick and Jamieson Greer on the American side, are considered unsuccessful.
This dead end supports the idea that this customs threat is not only a notice, but a direct pressure strategy to bending Brussels.
The market reaction has not been long. Since the opening of Wall Street, the Bitcoin price has dropped to $ 107,367 and lost almost 4 %in a few hours before it returned slightly to the field.
This brutal movement, widely interpreted as a direct response to Trump’s announcement, caused up to $ 350 million in the derivative market, according to Corglass. The total liquidation even exceeded $ 500 million after 24 hours, affecting the entire ecosystem crypto, from Bitcoins to Ethereum.
In addition, analysts consider observation: This correction is “Motivated subtitles”according to the conditions of the trader. The tariff threat was perceived as a factor of destabilization that caused a wave of automatic disconnection on the lever effect platforms.
This threshold of $ 110,000, considered a strategic resistance zone considered several analysts, is now carefully observed. Crypto Caesar trader believes that “We have to hold this green area”Referring to the support strip just below this psychological level.
Regarding Daan Crypto stores, he notes about the social network x this year 23. May 23 that “The market apparently doesn’t like business uncertainty”And it suggests that other tremors are possible if the situation is blocked.
In addition to the technical reaction, this episode is a new step in the growing correlation between cryptos, especially bitcoins and global macroeconomic environment. The trade war, formerly perceived as an exogenous subject to these assets, is now able to induce brutal movements comparable to those observed in the stock market.
If Trump’s threats were materialized to 1er June could be prolonged, even intense. On the contrary, the last -wall conversion or compromise could offer a quick jump. One thing is for sure: political volatility has become a structural risk for the crypto market, in the same way as notification of rates or data on inflation.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.