๐จ Trumpโs Tariffs Called โPure Madnessโ by Former Italian PM ๐จ
๐ CryptoPulsee | Global Macro Lens | April 4, 2025
๐บ๐ธ๐ Rising Tensions: Europe Pushes Back on U.S. Tariffs
In a strong response to U.S. trade policy, former Italian Prime Minister Enrico Letta has criticized President Trumpโs sweeping tariffs as โpure madness.โ
๐ฃ๏ธ Speaking to CNBC at the Ambrosetti Forum on the shores of Lake Como, Letta warned:
โThis is a crazy frontal attack on the world โ itโs not just about America First, it's about everyone paying the price.โ
๐งฉ Key Highlights:
๐บ EU under pressure:
The European Union has been hit with 20% reciprocal tariffs on exports to the U.S., affecting:
โโข ๐ Automobiles
โโข ๐ญ Industrial Machinery
โโข ๐ป Technology
โโข ๐๏ธ Consumer Goods
๐บ Lettaโs warning:
The tariffs will hurt both sides โ U.S. consumers and European businesses
Trump is exploiting fragmentation within the EU, making unity more critical than ever
The EU must stand firm and not comply with this economic pressure
๐ CryptoPulsee Insight:
๐ As global trade tensions rise, markets are responding with volatility.
Here's what it means for investors and crypto:
๐ธ Expect near-term turbulence in European and U.S. equity markets
๐ธ Safe-haven assets like Gold and Bitcoin could see further upside
๐ธ BTC may benefit as a macro hedge against geopolitical instability
๐ธ Keep an eye on stablecoin flows and Bitcoin Dominance if uncertainty continues
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