EU Trade Deal Deadline Poses New Risks for Bitcoin
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The European Union is racing to finalize its side of the US-EU trade accord before a self-imposed deadline, with the next trilogue round scheduled for May 19. President Trump's threat to hike EU car tariffs to 25% has added urgency, as such protectionist measures could reignite global trade tensions. The Kiel Institute warns that escalating tariffs may disrupt supply chains and dampen economic growth, potentially spilling over into risk assets like Bitcoin. While Bitcoin has historically been viewed as a hedge against geopolitical uncertainty, a full-blown trade war could trigger a liquidity crunch and reduce investor appetite for volatile assets. Crypto markets face a period of heightened sensitivity to trade policy developments, with the May 19 deadline acting as a key catalyst for potential volatility.
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