Crypto Market Rebounds As President Trump Extends EU Tariff Deadline To July 9th

The crypto market recorded gains on Monday morning. Donald Trump extended the European Union trade talks deadline to July 9. Ursula von der Leyen is optimistic over trade talks with the US. The crypto market recorded limited gains over the weekend, with Bitcoin (BTC) leading a modest rebound after US President Donald Trump extended the trade talks deadline with the European Union (EU). Trump’s latest move highlights a volatile decision-making period, with the US President reversing his decisions on more than one occasion. According to reports, Trump has agreed to extend the tariff negotiation deadline by over one month. The latest extension to July 9 re-opened the discussion period close to the original deadline of July 8 after Trump threatened to take drastic measures by June 1. Trump Reverses Course on EU Tariffs After Von Der Leyen Call, Sparking Bitcoin Rally Last month, Trump imposed a 20% tariff or import tax on most EU goods but later reduced it to 10% to allow time for negotiations. However, last Friday, the President expressed frustration over the negotiation pace and threatened to increase the tariff to 50% by June 1. Trump’s action caused… The post Crypto Market Rebounds As President Trump Extends EU Tariff Deadline To July 9th appeared first on Coin Edition .

Source: Coin Edition