Trump threatens 50% rate for Europe and 25% for Apple, the market wobbles
By Hannah Pérez
Trump also threatened a 25% tariff for Apple if he does not manufacture his iPhones in US territory. Bitcoin fell from its historical maximum and the liquidations in the crypto market emerged over USD $ 500 million.
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- Trump’s new tariff threats cause effect on the cryptocurrency market.
- Trump proposed a 25% sanction for Apple if he does not manufacture his iPhones in the US.
- He also recommended an import tariff of 50% for the European Union, dated June 1.
- Bitcoin fell from its new historical maximum and the liquidations shot.
The president of the United States, Donald Trump, has made new tariff threats, this time with plans to implement rates to the European Union and the technology giant Apple.
In separate ads on social networks, the Head of State suggested that Apple He could face a 25% tariff in case of not manufacturing his iPhones in US territory, while threatened with a 50% tariff for imports of European products.
“A long time ago I informed Tim Cook of Apple that I hope that his iPhone will be sold in the United States of America will be manufactured and built in the United States, not in India or anywhere else“Trump wrote in Social truth.
“If that is not the case, Apple must pay a rate of at least 25% to the United States”He added, suggesting the sanction.
On the other hand, he also said that “It is recommending a 50% direct tariff on the European Union”, After manifesting his discomfort due to lack of progress in commercial negotiations with representatives of the block.
“Our discussions with them are not going anywhere!”Trump wrote on the social network minutes after the announcement about Apple and advancing that the new import tariff could begin on June 1.
The statements shook the financial market, with the futures of the United States shares sinking immediately after the publications and actions of the European Stock Exchange faced greater losses, according to several news media.
The actions of European companies Stellantis and Mercedes-Benz around 4.5%fell, and those of Volkswagen and Porsche more than 3%fell, reported New York Times.
Bitcoin falls and the settlements arise
The cryptocurrency market also became bassist after Trump’s comments. Bitcoin (BTC) backed towards the USD $ 108,000 after having conquered a new price maximum of close to $ 112,000 on Thursday. The fall represented an approximate price of 3.5% from the new record level.
The negative action was replicated in the rest of the main cryptocurrencies, with Tokens as Ethereum (Eth) and Tron (TRX), decreasing just over 3% price in 24 hours, according to data from Coinmarketcap. The global capitalization of the cryptocurrency market was 1.5% lower in 24 hours at USD $ 3.4 billion.
The liquidations in the cryptocurrency derivative market emerged in the period to more than USD $ 550 million, according to data from Coinglasswhich reflects wide volatility. More than USD $ 300 million signed prinades positions were settled in centralized exchanges in the last 4 hoursbased on that data source.
Almost all liquidations came from long positions –higher price bets– with just over 161,000 individual operators affected by the sudden closure of positions. Bitcoin By itself he witnessed more than USD $ 112 million long liquidations in 24 hours, with 91% of that figure liquidated only in 4 hours.
Trump tariff ads in April weighed on the cryptocurrency market causing a correction of more than 30% in the price of Bitcoin Since January. Prices began to recover in the middle of last month amid the advances of trade negotiations and Trump insinuations of a less hostile approach with rates.
The last reverse in prices is a reminder that the general risk of Trump’s tariff threats remains present.
Hannah Estefanía Pérez / Diariobitcoin
Image generated with AI, under free use license
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