- \n
- In response to Trump\u2019s introduction of 25% tariffs on all steel and aluminium products, the EU will introduce tariffs of its own against a range of US products starting in April.<\/span><\/li>\n
- Analysts suggest this trade conflict could see market uncertainty continue at least into April, potentially seeing Bitcoin\u2019s price fall below the key support level of US$75,000.<\/span><\/li>\n
- Since Trump\u2019s inauguration both traditional and crypto markets have tumbled as ongoing chaos around his tariff plans have eroded market confidence and kept investors on the sidelines.<\/span><\/li>\n<\/ul>\n<\/div>\n
Trump\u2019s<\/a> trade tariffs continue to cause market mayhem in both traditional and crypto markets and analysts warn the chaos is likely to continue at least into April. It doesn\u2019t bode well for BTC.<\/p>\n
Following the introduction by the US<\/a> of 25% tariffs on all steel and aluminium imports, the European Union (EU) yesterday announced<\/a> plans to slap tariffs on US$28 billion (AU$44.2 billion) worth of US goods starting April 1. Analysts suggest this move could weaken global investors\u2019 risk appetite even further and see Bitcoin\u2019s<\/a> price decline again, possibly even breaking its key support level of US$75,000 (AU$118,609).\u00a0<\/p>\n
There are also fears the EU\u2019s retaliatory tariffs could spark a trade war with the US, as both sides repeatedly apply tit-for-tat trade restrictions, weakening markets further.<\/p>\n
Related:<\/strong> <\/strong>Crypto Banter Says Trump Tariff War Has Major Impact on Crypto Market<\/strong><\/a><\/p>\n
EU\u2019s \u201cRebalancing Measures\u201d In Response to US Tariffs<\/h2>\n
The EU announced its retaliatory tariffs yesterday, immediately after the US announced it will be implementing its 25% tariffs on steel and aluminium products from the EU (as well as all other nations, including Australia).<\/p>\n
The EU said it will begin imposing its \u201crebalancing measures\u201d from April 1 of this year. These measures, which include tariffs against a range of US products, were partially introduced during Trump\u2019s first term as president. The EU says this time \u201cthey\u2019re going to be implemented in full.\u201d:<\/p>\n
\nTariffs will be applied on products ranging from boats to bourbon to motorbikes.<\/em><\/p>\n
\n EU media statement <\/p>\n<\/div>\n
The EU said the objective of its response is to \u201censure that the total value of the EU measures corresponds to the increased value of trade impacted by the new US tariffs.\u201d<\/p>\n
How Might These Tariffs Impact Bitcoin?<\/h2>\n
Speaking to Cointelegraph<\/a>, Aurelie Barthere, principal research analyst at on-chain analytics platform Nansen, said the tariff disputes are likely to limit investor appetites for risk-on assets like Bitcoin until at least early April:<\/p>\n
\nTariff noise is likely to continue till after April 2, and the reciprocal tariff announcements, and then negotiations, and put a lid on risk appetite.<\/em><\/p>\n
![](\"https:\/\/cdn.cryptonews.com.au\/2025\/03\/13141205\/Aurelie-Barthere-Principal-research-analyst-at-Nansen.jpg\")
Aurelie Barthere, Principal research analyst at Nansen <\/p>\n<\/div>\nBarthere also noted, though, that both traditional and crypto markets seemed to have \u201ctentatively\u201d stabilised yesterday.<\/p>\n
Meanwhile, Marcin Kazmierczak, chief operating officer at modular oracle provider, RedStone, suggests that the EU\u2019s counter-tariffs could be the start of an ongoing trade war:<\/p>\n
\nCounter tariffs aren\u2019t a positive signal as they suggest a potential bounce back from the other side again.<\/em><\/p>\n
![](\"https:\/\/cdn.cryptonews.com.au\/2025\/03\/13142011\/Marcin-Kazmierczak-Chief-operating-officer-at-RedStone.jpg\")
Marcin Kazmierczak, Chief operating officer at RedStone <\/p>\n<\/div>\nKazmierczak said an ongoing dispute could see Bitcoin fall below its crucial support level of US$75,000, but he believes it\u2019s likely to rebound from this low:\u00a0<\/p>\n
\nGiven stablecoins and RWAs [real world assets] remain at all-time-highs, it has the potential to rebound. I don\u2019t believe that news will have a strong impact for now, but we\u2019ll observe the response on the US end.<\/em><\/p>\n
Marcin Kazmierczak, Chief operating officer at RedStone <\/p>\n<\/div>\nRelated:<\/strong> <\/strong>Trump Induced Economic \u2018Death Spiral\u2019 Sends Bitcoin Below $80k as Analysts Weigh In<\/strong><\/a><\/p>\n
According to data<\/a> from CoinGecko s<\/em>ince the self-described \u201cvery stable genius<\/a>\u201d returned to the White House <\/em>on January 20, Bitcoin has fallen by over 20%, while on traditional markets the S&P 500 is down about 8% and the NASDAQ\u2019s down just under 10%.\u00a0<\/p>\n
- Analysts suggest this trade conflict could see market uncertainty continue at least into April, potentially seeing Bitcoin\u2019s price fall below the key support level of US$75,000.<\/span><\/li>\n