Markets just got a fresh jolt ⚡

Donald Trump has unveiled a new wave of tariffs, slapping a hefty 25% duty on EU-made cars and trucks starting next week. The message is clear: build in the U.S. or pay the price.

That announcement immediately shook sentiment. Bitcoin briefly dipped to the low $78K range before stabilizing, showing how sensitive crypto still is to macro headlines like this.

What’s driving the tension?

• The EU is being penalized for failing to meet prior trade terms

• The U.S. is doubling down on protectionist policies And there’s growing fear this could spiral into a broader trade conflict

At the same time, there’s a second layer to the story, U.S.-Iran dynamics. While $BTC had earlier rallied on optimism around potential peace talks, uncertainty quickly crept back in after Trump signaled dissatisfaction with Iran’s latest proposal.

He also made it clear the stakes are high:

• The Strait of Hormuz remains fully blocked under U.S. control

• The U.S. is weighing two paths: strike or strike a deal

Meanwhile, rising oil prices are adding pressure across global markets, including crypto. Trump insists energy prices will drop, but only if the conflict resolves.