EU Calls Emergency Meeting, Democrats Move to Block Trump’s Tariffs, But BTC Stays Calm

After a number of nations from the European Union deployed troops to the latest sizzling zone, Greenland, the POTUS introduced a brand new set of tariffs in opposition to all of them, efficient from February 1 till a deal for the whole acquisition of the island is reached.

The EU’s response was speedy, whereas US Democrats have pushed to introduce laws to block Trump’s proposed tariffs. Despite all this drama, BTC’s value has remained steady, although it’s the one monetary asset accessible for buying and selling through the eventful weekend.

Latest Developments

As reported yesterday, the newly introduced tariffs in opposition to Denmark, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland will likely be efficient from February 1. The taxation will likely be 10% on all items despatched to the US, but when there’s no deal reached by June 1, the share will improve to 25%, mentioned Trump.

Shortly after, experiences emerged that the EU plans to halt approval of the commerce take care of the US after the most recent threats. The lawmakers additionally scheduled an emergency assembly for in the present day.

According to analysts from the Kobeissi Letter, who mentioned they spent 12 months researching Trump’s tariff playbook, that is the fourth step within the commerce conflict. They believe monetary markets will open decrease on Sunday night and Monday, however Trump will proceed to play “hardball.”

Unlike the current US-China bout, they famous that the Greenland scenario would require extra time as a result of such a possible acquisition “can’t occur in a single day and the EU stays extremely opposed to even the concept of such a transaction.”

The Democrats have been fast to transfer on US soil, reportedly planning to introduce laws to block the POTUS’s proposed tariffs on EU nations.

BTC Stands Still

The commerce wars have impacted the first cryptocurrency in earlier cases, particularly the primary one which unraveled in April 2025. At the time, BTC tumbled from $110,000 to $75,000.

However, it has been extra resilient through the subsequent tariff battles, and the scenario appears comparable now, a minimum of to this point. Although the cryptocurrency markets are the one ones buying and selling 24/7 and are open throughout this unstable weekend, BTC’s value has remained steady at simply over $95,000.

Nevertheless, extra fluctuations are anticipated later in the present day as new developments unravel, the EU holds the assembly, and the futures markets open.

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