Fresh diplomatic tension emerging in Europe as high-level officials scrambled to address trade policy threats from Washington. The core issue: potential tariffs on key allies tied to geopolitical demands. This type of trade friction typically reshapes capital flows and risk appetite in financial markets, including the crypto sector. When traditional macro tensions rise, investors often reassess asset allocation strategies—some rotating toward alternative assets, others tightening exposure. Markets are already digesting the implications for growth trajectories and currency dynamics across major economies. Worth tracking how these negotiations play out, as trade policy shifts can have downstream effects on everything from tech valuations to emerging market volatility.