The US-Europe trade war is heating up, adding more variables to the market. Rumors are circulating in the UK financial circle that the EU is planning a retaliatory tariff measure worth 93 billion euros—targeting US exports to Europe or directly blocking US companies from entering the EU. The background is straightforward: Trump, in his bid to acquire Greenland, first imposed tariffs on eight European countries.

This back-and-forth has instantly escalated trade tensions. The 93 billion euro figure is significant, covering a wide range from agricultural products to high-tech manufacturing. The problem is, whenever geopolitical risks rise locally, risk assets tend to retreat first. The crypto market has always been sensitive to such signals—uncertainty increases demand for safe-haven assets and may also signal a shift in macro policies.

In the short term, these conflicts will continue to trigger market sentiment volatility. Negotiations, deadlocks, and re-negotiations are familiar routines. But this time, the scale is larger, and more parties are involved. Investors need to closely watch the subsequent moves between Europe and the US—political risks often influence exchange rates and interest rate expectations, which eventually transmit to crypto asset prices.