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US President Donald Trump has announced 30% tariffs on the European Union and Mexico, effective August 1. This move raises questions about Bitcoin’s price reaction, given its sensitivity to past tariff threats.
- Trump's 30% tariffs on EU and Mexico take effect August 1, with threats of further hikes if retaliated against.
- Bitcoin dropped from $100K to $75K in April due to tariff threats but recently hit a new ATH above $119K.
- The US cites trade deficit concerns, demanding 'open market access' with no tariffs in return.
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