Bombshell!!! Trump recommends 50% tariff on Europe

[EarnOnVictor]

Trump is the perfect example of why you should not hire incompetent people, even if they are very popular.

Ohhh, you hit it nicely there! My country is another typical example of a misplaced priority, where popularity would be chosen instead of integrity and quality.

Tariffs are becoming increasingly less effective in terms of crashing the market.

Says who? And Gold moved up 400 pips up, and Bitcoin $4,000 down in the wake of the news? Who knows what would happen in the next 1 month?

It has been weeks since trump paused the tariff, and finally, it's now coming again. I believe this is just another market manipulation by him

This is a good point that people are not looking into. Trump, croonies and his family can't be trusted. I believe they are manipulating the market.

[Lucius]

~snip~
This is a good point that people are not looking into. Trump, croonies and his family can't be trusted. I believe they are manipulating the market.

He learned from the best (or perhaps it is more correct to say from the worst), and to understand how he thinks, one should go back far into the past. Few people will recognize who is in the picture with the president, but he was his mentor who is said to have actually made him who he is today.

[lovesmayfamilis]

trump loves moving markets around.  its fun for him to do.

It's no wonder he became such good friends with Elon Musk. The unpredictability of both these guys' actions is surprisingly similar

[avp2306]

Here we go again, its been so long since such news appear, of course there's gotta be some correction right after BTC hitting new ATH after few weeks of tranquility.

I'd expect next few weeks to be a market full of rollercoaster but this 50% tariff toward europe is just bad.
We hardly know what intention trump gonna have, just hoping the market will be spared, it won't be funny if the market abruptly ended its bullish sentiment just because of tariff.

For what action Trump made it somehow made me think that he's really a attention seeker. Since instead of doing good its like he's back again creating something that can cause them another trouble.

Now they are targeting EU and they are frustrated with this decision made by US.

With these situation coming back again I think this made EU and China to officially tied up their countries or made their alliance official also make it more stronger to fight back the abusive actions done by Trump and US.

[takuma sato]

Trump is the perfect example of why you should not hire incompetent people, even if they are very popular.

Ohhh, you hit it nicely there! My country is another typical example of a misplaced priority, where popularity would be chosen instead of integrity and quality.

Tariffs are becoming increasingly less effective in terms of crashing the market.

Says who? And Gold moved up 400 pips up, and Bitcoin $4,000 down in the wake of the news? Who knows what would happen in the next 1 month?

It has been weeks since trump paused the tariff, and finally, it's now coming again. I believe this is just another market manipulation by him

This is a good point that people are not looking into. Trump, croonies and his family can't be trusted. I believe they are manipulating the market.

Just look at the initial tariffs and compare the drawdowns with this. When the tariff talked started, we started seeing the market stall and then on liberation day we had the biggest crash in like ages, we retested the 200MA on the weekly on all major indexes. That was a legit crash. This now as a pullback. Why? well simple, it's just that if you use a card, and then pull out everytime, the effectivity of the card gets you diminishing returns. So as we know, every single time Trump has threatened with big tariffs, he eventually backpeddled, so the market is now getting used to this and calls his bluff by not dumping as much anymore. It will take more than that to scare the market out.

[justinlamode]

Here we go again..

The pullback is there I hope it won't go for long, though, because it's a tariff war all over, just under a different excuse.

Are you of the opinion that the tarrif is bad for Bitcoin? I don't know the corelation though but it may not be a coincidence that whenever the issue of tariff surfaces, Bitcoin tanks.

This move by Donald Trump may not end well for the US because Europe is America's biggest ally and partners so the  US cannot afford to fall out with them, it will not go well with them.

[paxmao]

The obvious issue here is that Trump is considering a number of exports when setting policy, particularly those that impact industrial production. There is a political reason to do so and it may or may not be right... but there is a reasoning.

But the GDP of US is no longer based on industrial production, but rather on a number of highly competitive companies that provide digital services. And my guess is that the EU counter tariffs will hit there - google, Microsoft, Amazon... these have been enjoying a fiscal regime that made them what they are today. That may be cancelled.

[Ndabagi01]

Oh no, Bitcoin has crashed to prices not seen since yesterday I think it’s all just posturing, the EU will start to negotiate with the US in a more accommodating way & they will shake hands on a mutually beneficial deal at some point. Bessent said today that all countries are negotiating in good faith except the EU so this is likely just Trump trying to force the EU to start behaving in a way that benefits the US more. The only thing I would love is if he did all this privately & not chest thumping in public because it affects markets.

This can’t be done in hidden, he has to move the market with his words ti make the world feel how special and strong his words are to move the market. Trump knows what he’s getting at and he know very well how strong his words are to make changes to the way the market is performing. This trade war is not going to stope now because he’s not even obeying what he said earlier about the 90 days pause, he’s trying to ignite them into some kind of long trade negotiation which may halt the market movement for a while. This to me is just like he’s trying to prove supremacy over every other nation and that his words are so robust to make a shift in the market.

[coolcoinz]

~snip~
This is a good point that people are not looking into. Trump, croonies and his family can't be trusted. I believe they are manipulating the market.

He learned from the best (or perhaps it is more correct to say from the worst), and to understand how he thinks, one should go back far into the past. Few people will recognize who is in the picture with the president, but he was his mentor who is said to have actually made him who he is today.

A homosexual lawyer who contracted AIDS... It's amazing how power corrupts and makes you feel that you can do anything. After all the guy had a Miss Universe for a wife. Money, power, literally screwing around until life screws you. Eventually we all end up in the same place.

I don't think that bitcoin's correction have anything to do with tariff rumors. It's completely natural for BTC to correct after a new all time high.

[dezoel]

Here we go again, its been so long since such news appear, of course there's gotta be some correction right after BTC hitting new ATH after few weeks of tranquility.

I'd expect next few weeks to be a market full of rollercoaster but this 50% tariff toward europe is just bad.
We hardly know what intention trump gonna have, just hoping the market will be spared, it won't be funny if the market abruptly ended its bullish sentiment just because of tariff.

This is bad, this is not good news for me, there is a high chance that there will be another severe correction in the market that we have for now, the expectation of most people will
not happen again for sure, so fight it with patience.

It's simple if its price falls again in the market, just buy if there is a purchase then hold, that's all we should do instead of giving in to negative news like this now.

Many people would assume the same thing, so it is not really a complicated issue that Trump always tries to make the markets move up and down, he just doesn't understand anything at all, so he makes moves, if it helps anyone, he keeps it, if it gets too much riots, he stops it like tariffs for example, Chinese ones and Canada ones, people assumed he did it, there are literally trump fans who thinks tariffs are in place today, when in reality, it's halted, and not in place at the current moment.

You can still use the old tariff model for today, it's halted though, not cancelled. So, we just focus on learning how to take advantage of it, we end up with making good moves and buy when it goes down because he makes a mistake, and sell when things go back to normal.

[Agbe]

I don't who what the trump administration is taking the world for whether to do or say what ever that trump and America says Because this whole tariffs thing is one thing that am concerned about because with the way that trump is going about adding tariffs to other countries he should be aware of the effects that this move will do to the American economy in the long run

[Agbamoni]

Trump is at it again. He might be planning to ignite another phase of trade war with the Europeans, which is expected to be enforced as early as 1st of June.

No wonder Bitcoin sold sharply! What happened to the 90-day pause?

I am gradually getting sick of trump and his polices.
The headline is catching the attention of everyone as it affect global trade, prices and Bitcoin. Honestly I don't see it as a strategic move to protect US industries and rebalance trade, it is more like an economic or political interest. Trump's motive is questionable, yet everyone remains mute.

[criptoevangelista]

It seems once again that Donald Trump is playing his game of negotiation and manipulation. I highly doubt that Europe will accept this tariff without at least negotiating. Well, the power is in the hands of the orange man, he sets the rules, and there’s not much that can be done. But I at least hope all of this gets resolved soon so that Bitcoin can continue its natural cycle of price explosion, because it seems like all this political turmoil is affecting the markets.

[Fiatless]

It seems once again that Donald Trump is playing his game of negotiation and manipulation. I highly doubt that Europe will accept this tariff without at least negotiating. Well, the power is in the hands of the orange man, he sets the rules, and there’s not much that can be done. But I at least hope all of this gets resolved soon so that Bitcoin can continue its natural cycle of price explosion, because it seems like all this political turmoil is affecting the markets.

European Commission President Ursula von der Leyen has been able to convince King Trump to extend the tariff deadline to July 9. He said he had a good discussion with Ursula and granted her request to allow the EU to secure a deal with the US.  This news impacted the price of Bitcoin causing the price to increase slightly.  Trump's erratic trade policy has made the global market difficult to predict. Investors are seeking safe havens since they cannot trust the US economy.

[Mate2237]

Here we go again, its been so long since such news appear, of course there's gotta be some correction right after BTC hitting new ATH after few weeks of tranquility.

I'd expect next few weeks to be a market full of rollercoaster but this 50% tariff toward europe is just bad.
We hardly know what intention trump gonna have, just hoping the market will be spared, it won't be funny if the market abruptly ended its bullish sentiment just because of tariff.

USA has fixed it's tariff differences with China and now they have opened another tariff front with EU. It will bring difficulties for US if they don't have support of EU. Bitcoin price is affected because of news and price has gone down a bit after this news broke out. I think it is another move  of President Trump to negotiate with EU on his matter of interests just like he did with Ukraine and China. If US imposed 50% tariff on EU then in few weeks there will be meeting between US and EU representatives to settle this dispute.

I don't personally know the political direction of this trump administration seriously because trump is leading America to hit the rock one day because I know that the trade war between America and China didn't end well even for the Americans so opening another trade war with the E.U is one that that I don't welcome and suggesting up to 50% tariff on European goods is one thing that I see alarming


Trump should know that the global community needs each other to survive these tariffs are a statement that the United States of America don't need any one to do business with which is impossible to me because even the United States of America do import and export goods to other countries in the world

[EarnOnVictor]

What exactly did the world expect giving so much power to a predictable businessman again and again?

The truth is that Trump knows what he is doing, he is just profiting from the shockwave he sends across the market. Nothing can name a US president behave like that if he is not profiting from it. He has been in the business and economic environment for so long, and he has viable economic advisers.

Trump always has his agenda of making money through proxies with this insane policy, which is why he is doing that.

There's a clear heads and shoulder pattern on the breakout at around 107k. First shoulder 107k breakout, head, 112k area, second shoulder, 107k area acting now as a floor. It bounced nicely there. We need to get above 109k and close some candles there. Then I think we could see this tariff tamtrump as yet another negotiation tacting. I think Trump is not happy with EU not capitulating against the tech giants like Google and Meta that refuse to stop abusing their monopoly positions. If EU gets fed up then they can cause a lot of damage increasing tariffs on these.

I am done analysing the market when Trump threatens with Tariffs, but to sell-on-rally. 

[STT]

The only reliable trend is the fundamentals and one guy calling the shots is only volatility which some do trade but its very tricky to do so and requires options contracts most likely.

   It would only really be a bombshell is Trump was forced to recommend, ie. not singularly declare.  If he had to put forward something Congress would vote on then you at least have some proper process underway and discussion not the wild proclamations at random times of night and day; this is not how business is done especially across continents taking months for a full cycle of trade done.

On a very basic level, farmers will not sow crops & invest money into something they are not sure they can sell.  This hesitation and delay of probably a years investment from farming to every business type, its damaging and makes us all poorer;  also it can lead to a supply shock and demand squeeze in prices, inflation is quite likely.

[Wakate]

Here we go again, its been so long since such news appear, of course there's gotta be some correction right after BTC hitting new ATH after few weeks of tranquility.

I'd expect next few weeks to be a market full of rollercoaster but this 50% tariff toward europe is just bad.
We hardly know what intention trump gonna have, just hoping the market will be spared, it won't be funny if the market abruptly ended its bullish sentiment just because of tariff.

USA has fixed it's tariff differences with China and now they have opened another tariff front with EU. It will bring difficulties for US if they don't have support of EU. Bitcoin price is affected because of news and price has gone down a bit after this news broke out. I think it is another move  of President Trump to negotiate with EU on his matter of interests just like he did with Ukraine and China. If US imposed 50% tariff on EU then in few weeks there will be meeting between US and EU representatives to settle this dispute.

I don't personally know the political direction of this trump administration seriously because trump is leading America to hit the rock one day because I know that the trade war between America and China didn't end well even for the Americans so opening another trade war with the E.U is one that that I don't welcome and suggesting up to 50% tariff on European goods is one thing that I see alarming


Trump should know that the global community needs each other to survive these tariffs are a statement that the United States of America don't need any one to do business with which is impossible to me because even the United States of America do import and export goods to other countries in the world

Trump is a business man and I believe he had learned how to create different scenes to his one benefit. Why would he announce 50% tariff on Europe when we thought this drama has ended a long time ago. This will be quite unfortunate for the European Union and they'll need to act fast so that Trump will not use the entire continent has a piss of trash.

This is absurd and we hope for a solution for this drama. Could this be a form of attack on the European countries because they planned on getting cheap gases from Russia? We are already getting used to this business man that thinks he could leverage on the world economy and sanction who so eve he despise. This is going to be a long tariff war on the European Union and I hope individual country can repel such an attack if possible.

[hopenotlate]

-snip-
I thought the president had a wide range of qualified economic advisers who he consulted before making policy statements. Does it mean that he doesn't listen to them or they are unqualified?

Since 1969 United States economists  have won the Nobel Price in economics 63, way ahead of each other country and also well beyond the sum total of Nobel Prizes won by all other countries put together : as far as I know none of them is part of or collaborates with the American government.

I'll leave it up to you to draw your own conclusions.

[EarnOnVictor]

The only reliable trend is the fundamentals and one guy calling the shots is only volatility which some do trade but its very tricky to do so and requires options contracts most likely.

Well, the fundamental analysis drives the market rapidly, but I respect the technical analysis more if you can read it correctly. But if you can't, then fundamental analysis will surely be your option. But the issue with it is that you don't know what would happen the very minute, except the calendar news. You might just be left with all your fundamental news outlets and the news just broke immediately in your absence. Is that what anyone wants to depend upon?