- Trump’s tariff delay after EU talks gave crypto a small lift in early Asian trading.
- Bitcoin jumped past $109K as short-term trade tension faded, nudging Ethereum and Solana higher.
The cryptocurrency market bounced back on Monday during the Asian trading session after US President Donald Trump delayed the scheduled 50% tariffs on European Union imports. This decision was made after a direct appeal by European Commission President Ursula von der Leyen, requesting additional time to finalize a trade deal.
U.S. President Donald Trump announced that he has agreed to extend the implementation date for the 50% tariff on EU goods from June 1 to July 9, 2025, following a request made during a call from European Commission President Ursula von der Leyen earlier that day. Von der Leyen…
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Trump made the announcement through a post on his Truth Social platform, saying the implementation of the tariffs, previously slated for June 1, will now occur on July 9. The delay served to soften short-term anxiety over increased trade tension between the United States and the EU, a factor that had dominated markets in recent weeks.
Von der Leyen openly admitted the discussion with Trump, mentioning on X (formerly Twitter) that the EU stands ready to act quickly and decisively in negotiations. Her tweet confirmed the bloc’s plan to take the period through to July 9 to attempt to agree to an arrangement that would keep the tariff from coming into effect.
Trump’s Post Signals Temporary Pause on Tariff Dispute
On Sunday, Trump had a direct telephone call with von der Leyen, who asked him to keep to the deadline of July 9 initially drawn up during April when the window of 90 days in trade negotiations was first unveiled.
“We had a very nice call, and I agreed to move it. She said we will rapidly get together and see if we can work something out,” said Donald Trump.
The extension comes after Trump made a last Friday announcement where he complained about a trade proposal from Brussels and said he would pull out of the deal. Though he was earlier seen to be hesitant in his statements, the shift on Monday represented a significant change.
In his Truth Social post, Trump wrote:
“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50%.” He continued:
I agreed to the extension […] July 9, 2025 […] It was my privilege to do so.
Crypto Prices Nudge Higher After Trade Tensions Ease
The cryptocurrency market welcomed the delay in tariffs in the initial trading hours in Asia on Monday. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) registered minor gains when the news was seen by the market as an indicator of easing near-term geopolitical tension.
At the time of writing, Bitcoin gained 2.20% to reach $109,816. Ethereum also followed the surge of 2% to reach $2,564. Solana gained 3% to reach $177.
While XRP and BNB gained 1.70% and 1.60%, respectively.
Even though the rally does not appear big, relief from near-term economic tensions provided digital assets with a cause to rally from recent stagnation. Now, analysts are looking for a trade settlement between the U.S. and EU in talks to materialize prior to the July 9 deadline.
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