US and EU set 15% tariff and ease tension between the blocs
- US and EU avoid raising trade tariffs in new pact
- Commercial understanding boosts confidence among investors
- Ethereum rises 2,94% after US-EU deal announced
On July 28, US President Donald Trump confirmed the formalization of a new trade pact with the European Union, alongside European Commission President Ursula von der Leyen. The treaty establishes a fixed 15% tariff on most European goods exported to the United States, replacing previous threats of surcharges that could reach 50%.
The agreement is considered a step forward in the effort to stabilize trade relations between the two blocs, aiming to mitigate the risk of market instability and contain potential impacts on global trade. The measure is interpreted as a strategic step to strengthen predictability in transatlantic relations.
"We've reached an agreement. It's a good agreement for everyone," the US president declared, signaling diplomatic alignment with European leaders.
The announcement also brought back memories of previous tariff disputes, such as those in 2018, when the risk of a trade war between the US and EU increased volatility in global markets before an agreement was reached.
In the cryptocurrency sector, Ethereum (ETH) appreciated 2,94% in the last 24 hours, trading at US$3.837,12 on July 27. The cryptocurrency has a market capitalization of US$463,18 billion and continues to hold 11,79% dominance among listed digital assets.
Experts point out that political measures involving major economies often reflect investor sentiment, albeit indirectly. A decrease in tension between blocs could favor capital allocation to alternative assets, including cryptocurrencies, depending on future developments in the macroeconomic environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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