President Donald Trump has threatened with higher import tariffs against the European Union (EU) and Canada if they worked together “to do economic harm” to the United States.
“If the European Union works with Canada to do economic damage to the United States, large -scale tariffs, much larger than planned, will be placed in both to protect the best friend that each of those two countries has had!” Trump said on Wednesday night about Truth Social.
However, financial markets remain stable following the new threat, with BTC in stasis below $ 88,000. The future Dax of Germany fell 0.3%, while their Wall Street counterparts were negotiated flat to positive.
Market resilience probably arises from the recent indication of the president of the Jerome Powell Federal Reserve that the inflationary pressures resulting from tariffs could be transitory.
