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Trump's additional tariffs on Europe trigger trade war concerns, Bitcoin drops $4,000 in response
【Crypto World】U.S. President Trump recently announced a new 10% tariff on multiple European countries. Following this news, Bitcoin immediately dropped by $4000. The market’s reaction was quite straightforward—investors began to worry about possible retaliation measures from the EU and the broader trade conflicts that could ensue. This macroeconomic uncertainty often impacts risk assets, and cryptocurrencies, as high-risk assets, are naturally among the first to be affected. An escalation in trade friction usually signals a slowdown in global economic growth, leading many investors to adopt a wait-and-see attitude.