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https://www.gate.com/announcements/article/45974
This weekend, the global market迎来重要转折点. The highly anticipated trade negotiations between the United States and the European Union have finally concluded, and the results unexpectedly eased market pressure. According to the protocol, the United States will impose a 15% tariff on the EU, in exchange, the EU promises to add $600 billion in investments into the US and grant zero tariff treatment to American products. Additionally, the EU will continue to procure American military equipment and has committed to purchasing $750 billion worth of American energy products.
This news immediately sparked a positive reaction in the cryptocurrency market. Bitcoin briefly climbed to $119,800, Ethereum also reached a high of $3,940, and other altcoins generally rose as well. This wave of increase can be seen as a release from the suppressed market conditions of last week and reflects the market's relief at avoiding a 30% high tariff.
However, despite the overall framework being established, there are still differences in details. For example, Japan denied Trump's claim about Japan's return on investment in the U.S., emphasizing that the U.S. also needs to contribute. In Europe, there are still disputes regarding pharmaceuticals and steel and aluminum tariffs, with the U.S. insisting on keeping the tax rate at 50%.
Although the most concerning crisis in the market has been partially resolved, challenges still lie ahead. As of the deadline on August 1, negotiations with Canada have become the biggest uncertainty. The market generally expects a low likelihood of reaching an agreement with Canada, and a delay may be required. As for South Korea, it is expected to adopt a similar "investment for tariff" strategy, with results likely to be announced in the near future.
Overall, there may be more positive news regarding trade negotiations this week. However, market participants still need to closely monitor the specific actions and subsequent developments of all parties to assess the long-term impact of these agreements.