Trump Announces 50% Tariff on EU Goods, Promotes U.S. Manufacturing

U.S. President Trump has announced a significant shift in trade policy, stating that he will no longer pursue a new trade agreement with the European Union. Instead, he plans to impose a maximum 50% tariff on EU goods imported to the U.S., unless companies relocate their manufacturing bases to the U.S. This move is part of a broader strategy to promote the "reshoring of manufacturing to the U.S." and is expected to be implemented by the end of June. Companies like Apple and Samsung are also expected to face a 25% tax under this new policy.

The EU has expressed a willingness to cooperate and maintain dialogue but has emphasized that it cannot accept unilateral threats. Japan, on the other hand, hopes to reach a consensus with the U.S. before the G7 summit to avoid being included in the tariff retaliation list. This development marks a shift towards more protectionist and unilateral suppression in U.S. foreign trade policy, which may trigger significant changes in the global manufacturing and trade landscape.

According to a Bitunix analyst, this policy shift could intensify market volatility and the restructuring of safe-haven funds. The analyst recommends that investors avoid heavy positions in highly volatile altcoins and adopt a more cautious approach due to the returning uncertainty in the market. It is advised to closely monitor further changes in U.S. policy and the responses of the EU and Japan as a guiding direction in the coming week.

In response to these geopolitical developments, the crypto market has seen a widespread pullback. However, despite the pullback, the market maintains a bullish structure. This suggests that while there is short-term volatility, the overall sentiment remains positive. Investors are advised to stay vigilant and adapt their strategies accordingly to navigate the evolving market conditions.