Trump dey threat 15–30% EU Tariffs, EU dey plan €90bn Retaliation
US President Donald Trump don talk say e go fit put 15–20% minimum EU tariff for all European imports, and e talk say e go increase am reach 30% after August 1 if dem no gree. E reject Brussels plan wey talk say make dem reduce auto duties, e maintain the 25% motor tax. EU dey prepare more than €90 billion counter attack wey go target US goods like bourbon, Boeing, and digital services, with €21 billion tariff wey go cover chicken and jeans, wey dem plan to start August 6. Dis EU tariff plus the counterattack don already make customs revenue for Q2 increase by almost $50 billion and make S&P 500 fall by 0.2%, wey show say market fit get more wahala. Crypto traders suppose dey watch as inflation dey rise and dollar strong, because this trade war fit make market dey unstable, and this one fit cause people to sell crypto for short time and make crypto and stock market dey move together more.
Bearish
For short term, di threat wey higher EU tariffs and this coming €90 billion countermeasures dey likely make global market waka anyhow and make people comot from risky crypto to safe ones, wey go cause price drop and make crypto dey behave like stock market. Confusion about trade wahala fit make traders comot from shaky positions and make demand for stablecoins increase as safe haven. For long run, if trade palava still dey, e fit keep inflation high and make dollar strong, put pressure down for crypto value. Even though sometimes supply chain wahala and inflation hedging story fit make crypto get small support, overall macro risk and geopolitical palava mean crypto get bearish outlook till trade talks settle.