Trump announced a 25% tariff on EU cars and trucks entering the United States, effective from next week, while preserving zero tariffs on US-made products to spur domestic production and potentially pressure European exporters.

EU-made vehicles would be exempt only if the EU adheres to the agreed trade framework, with Trump arguing Brussels has not fully complied with the deal.

The move revives tariffs to 25% after a period of reductions, and comes amid ongoing disputes over how swiftly the EU implements a previously agreed framework.

Crypto markets are watching macro developments, with a historically delayed response to shocks and uncertainty that could influence liquidity and risk sentiment in the weeks ahead.

Analysts note that, while not immediately reactive, crypto prices often respond to macro-driven uncertainty that unfolds over time.

Historically, macro uncertainty has preceded more pronounced price moves in digital assets, adding a layer of caution for investors.

The report comes from The New York Times’ trade correspondents, with coverage focusing on international economics and policy.

EU diplomacy continues, including a three-day London-to-Washington visit by EU official Maroš Šefčovič and meetings with senior US officials to manage the dispute and safeguard the deal.

Trump claimed that leaders of India and Pakistan urged him not to impose tariffs and boasted that his actions helped avert conflict and saved lives.

Germany’s economy was forecast to grow modestly, around 0.8%, in the outlook referenced by the reporting at the time.

Experts warned higher tariffs could dampen consumer spending on big-ticket items, potentially affecting regional economies driven by consumer demand.

The tariff framework was intended as a temporary stabilisation measure for autos, steel, and industrial goods amid broader trade tensions, not a permanent solution.