- Bitcoin price jumped 1.5% after Trump’s tariff extension announcement.
- Von der Leyen confirmed the EU’s readiness to resume talks with urgency.
Donald Trump announced an extension of the 50% tariff deadline on European Union goods, moving it from June 1 to July 9, 2025. The decision came after a formal request by European Commission President Ursula von der Leyen. Trump confirmed the talks between the U.S. and the EU would continue immediately. Early market reactions were positive, especially in the cryptocurrency sector.
EU Request Leads to Tariff Extension
On Monday, former U.S. President Donald Trump stated via his Truth Social account that he had agreed to delay the imposition of a 50% tariff on European Union goods. The original deadline of June 1 has now been extended to July 9, 2025. Trump said this was done as a “privilege” following a direct appeal from Ursula von der Leyen, President of the European Commission.
Trump noted that von der Leyen assured him the European Commission was ready to return to the negotiation table without delay. The extension allows both parties more time to reach a mutually beneficial trade agreement.
In response, von der Leyen tweeted that the EU and the United States share one of the “closest and most consequential trade relationships”. She stated that the EU was prepared to move “swiftly and decisively” in negotiations. She added that the extension until July 9 would provide enough time to finalize a solid agreement that reflects both sides’ interests.
The tariff extension followed Trump’s Friday announcement to impose the 50% tariff due to dissatisfaction with a trade proposal from Brussels.
Cryptocurrency Prices Surge After Announcement
The delay in the tariff deadline had an immediate effect on cryptocurrency markets. During the early Asian trading session, significant digital assets saw a notable uptick.
Bitcoin (BTC) rose by 1.5% to $109,645, while Ethereum (ETH) climbed 2.0% to $2,562. Solana (SOL) also advanced 2.2%, reaching $177.13. Analysts attributed the gains to improved investor sentiment following the tariff delay.
According to data reviewed by Daan Crypto Trades, Bitcoin opened Monday’s trading at the same price it closed on Friday. This lack of a weekend gap indicated stability despite recent geopolitical developments.
Daan Crypto Trades recently highlighted that Bitcoin’s performance during CME futures close and open periods shows high volatility but a strong market stance.
The tariff extension also influenced pre-market stock trends in the U.S., which rose by more than 1%. However, analysts cautioned that the full impact will become clearer once the regular U.S. market reopens.
