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The tariff negotiations between the United States and the European Union are at a standstill, Bitcoin has fallen below 84,000 USD, and US stocks are declining.
According to Bloomberg yesterday (15) night, the current progress of negotiations between the EU and the United States is not optimistic, EU Trade Commissioner Maros Sefcovic said after negotiations with US Secretary of Commerce Howard Lutnick and the US Trade Representative that the position of the United States is still unclear, and it is difficult to determine the intentions of the United States at present. (Summary: As soon as the European Union approved a 25% retaliatory tariff on U.S. products, Trump turned to... Who changed his mind? (Background addition: Trump shouted again to introduce "global reciprocal tariffs" in April: the United States will win the trade war, and the European Union and Canada will sacrifice 40 billion magnesium to retaliate against tariffs) After US President Trump threw out a 90-day reciprocal tariff grace period, negotiations with various countries were in full swing. But after China's tough retaliatory tariffs and Trump's expected announcement of new semiconductor tariffs this week, investors remain largely uncertain about the near-term stock and bond markets. The four major indexes of U.S. stocks closed long and lower on the 15th: The Dow Jones Industrial Average ended down 155.83 points, or 0.38%, to close at 40,368.96 points Technology-heavy Nasdaq fell 8.32 points, or 0.05%, to close at 16,823.17 points The S&P 500 fell 9.34 points, or 0.17%, to close at 5,396.63 The Philadelphia Semiconductor Index rose 18.67 points, or 0.47%, to close at 4,021.89 points Bitcoin fell below 84,000 In the cryptocurrency market, after bitcoin briefly reached $86,460 last night, selling pressure began to emerge, and it was now trading at $83,267 before the deadline, down more than 2% in the past 24 hours. Ethereum is now trading at $1586.7, down 2.75% in the last 24 hours. XRP at $2.09, down 2.29% in the last 24 hours, and SOL at $126.37, down 2.23% in the last 24 hours Bloomberg: EU-US negotiations have made little progress On the other hand, according to Bloomberg yesterday (15) night, the current progress of negotiations between the EU and the United States does not seem to be optimistic, EU Trade Commissioner Maros Sefcovic said after negotiations with US Commerce Secretary Howard Lutnick and US Trade Representative, The position on the United States is still unclear, and it is difficult to determine the intentions of the United States at present. On the other hand, U.S. officials have also said that while reciprocal tariffs for most countries have been suspended, these tariffs, along with those targeting specific industries such as automobiles and metals, will not be eliminated immediately. In this regard, some netizens commented that if the European Union and Japan cannot finalize a trade agreement in accordance with the wishes of the United States, the prospects of this tariff war may not be optimistic. At the same time, some netizens ridiculed that perhaps US officials are currently unclear about what they want, and the goal of the United States is to find fat sheep to slaughter... Vice President Vance: Britain and the United States are expected to reach a "great agreement" However, the United Kingdom, which has left the European Union, seems to have good news soon, according to CNBC yesterday, US Vice President Vance (JD Vance) has now publicly stated that the United States and the United Kingdom "very likely" will reach a "great trade agreement", which will not only help reduce tariff barriers, but also may deepen bilateral economic cooperation. The report pointed out that Vance's optimistic judgment on the US-UK trade negotiations is mainly based on two reasons. First, he mentioned Trump's deep affection for Britain and its royal family, which he saw as a positive basis for negotiations. Trump has repeatedly and publicly expressed his affection for Britain and regards it as an important strategic ally. Second, Vance emphasized the high degree of cultural, linguistic and value similarity between the United States and the United Kingdom, arguing that this "cultural affinity" helps the two sides reach consensus at the negotiating table. He said: "Our commonalities have made the negotiations smoother, which is an advantage that other trading partners cannot match. Vans added that the U.S. government is currently engaged in "very hard" negotiations with the government of British Prime Minister Keir Starmer, and the two sides have held several rounds of dialogue in the past few weeks, initially focusing on cooperation in artificial intelligence (AI) and technology. At the same time, the scope of the negotiations is not limited to this, and may be extended to trade arrangements for food, agricultural products and other commodities in the future. Vance said these negotiations are not only about tariff reductions, but also aimed at establishing a long-term stable trade framework. The UK-US trade relationship is relatively stable Looking back at history, as early as 2018, Trump imposed tariffs of 25% and 10% on British steel and aluminum during his first term, which caused a brief panic, but finally negotiated a partial exemption for the UK. After Brexit, the UK imposed standard tariffs on US goods similar to those in the EU, and bilateral trade remained relatively stable. Currently, the US imposes a 10% benchmark tariff on UK imports, while certain industries such as steel and automobiles face a 25% tariff. The UK maintains its "global tariff" framework for US goods, with rates varying by category of goods, ranging from about 10% for automobiles to 20% – 30% for agricultural products. In addition, Britain has not yet imposed retaliatory tariffs on the United States, but the government has prepared a list to cover goods such as bourbon in case negotiations break down. White House digital asset official: The United States may use tariff revenue to buy bitcoin with all its might! U.S. tariffs will kill bitcoin mining companies? Taiwan stocks don't laugh! Trump warns that semiconductor tariffs are coming: Monday's answer "U.S. and European Union tariff negotiations are deadlocked, bitcoin falls below $84,000, U.S. stocks fall" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media."