In the latest statement posted on Truth Social at 6:00 a.m. this morning (Vietnam time), President Donald Trump said he had just had a phone call with President of the European Commission Ursula von der Leyen.
According to Mr. Trump, the two sides have agreed to delay the plan to impose a tax of up to 50% on EU goods imported into the US - a policy that Mr. Trump announced on May 23.
According to the agreement, the new tax application deadline will be postponed to September 9, 2025 instead of October 1, 2025.
This is considered a "tactical concession" signal from the US side after many days of global financial and trade markets fluctuating due to concerns about a new whirlwind of trade war.
Immediately after the above information, the price of Bitcoin - the largest digital currency in the market - has recovered to 109,600 USD (updated at 9:15 am Vietnam time), after falling sharply to the 106,800 USD zone in profit-taking and policy fear.
In just the past 48 hours, Bitcoin has had extremely strong fluctuations. On May 24, the BTC just set a historical peak (ATH) of nearly 112,000 USD, but just a few hours later it was deeply adjusted to 106,800 USD.
The main reason comes from Mr. Trump's surprise decision to impose "heavy" tariffs on European goods - seen as a warm-up signal for a new wave of trade wars.
Pansive psychology and profit-taking moves of investors caused selling pressure to increase sharply, causing prices to plummet in a short time. However, the decision to postpone the tax implementation time frame immediately somewhat eased the market.
Although it has recovered to the 109,000 USD zone, experts say that market sentiment is still fragile. The delay in US and EU tariffs does not mean the tensions are over. The12.07 mark will be a new sensitive time, where investors wait to see whether the two economies can reach a long-term agreement or not.
In addition to Bitcoin, the cryptocurrency market also saw a near-immediate recovery after Mr. Trump's latest statement. Many major digital currencies such as ETH, BNB, SOL... also recorded impressive recovery levels.
Note: In Vietnam, Bitcoin and other cryptocurrencies are not recognized as legal payment vehicles and are not protected by law. Investors need to be cautious, avoiding risks from strong price fluctuations and fraud related to cryptocurrency.
