US Markets Face Turbulent Times as Key Officials Speak Out

US markets are heading towards some of their worst days in history, with futures starting poorly. As the markets prepare to open shortly, significant announcements from EU and Japanese officials have emerged. It’s crucial for cryptocurrency investors to stay informed, as we are experiencing and will continue to experience extremely abnormal hours.

Economic Updates

President Trump has not backed down on tariffs and displayed a nonchalant attitude by attending a golf tournament over the weekend. Consequently, US markets opened terribly. As Asian, European, and US markets began the day in turmoil, notable statements were released just minutes before the US market opening.

European Commission President Von der Leyen expressed the following:

“US tariffs have put developing countries in a difficult position. We are ready to negotiate on tariffs with the US. We are prepared for a good agreement but are also ready for countermeasures.

We will establish a monitoring task force for imports. In response to US tariffs, we will strengthen the common market. Norway will remain part of our common market.”

The World Trade Organization announced that Canada has initiated a dispute regarding tariffs imposed by the US on automobiles and auto parts, while Japanese Prime Minister made the following statement:

“I had a phone conversation with Trump. I told him that tariffs would reduce Japan’s investment capacity. I reminded him that Japan has been the largest investor in the US for five consecutive years. I agreed to continue negotiations with the US. We will keep pressuring the US to reassess its tariff policies.”

Trump’s Trade Advisor Navarro commented:

“Talk of recession seems foolish. Markets will recover. The market is trying to find its bottom. Considering the expected tax cuts, discussing recession appears absurd. Trump is pursuing reductions in tariffs and non-tariff barriers.

Eliminating tariffs from trade partners is the first step. Vietnam’s proposal of 0% tariffs is insufficient. The real issue lies with non-tariff deceptions. We want auto parts to be produced in the US.”

Bitcoin $105,688 is holding at a critical support level of $77,000.

Earlier, Trump posted on social media:

“The United States has the chance to do something that should have been done TEN YEARS AGO. Don’t be weak! Don’t be foolish! Don’t PANIC (A new party based on weak and foolish individuals!). Be strong, brave, and patient, and the result will be GREATNESS!”