EU and US near agreement on 15% trade tariff baseline

The proposed agreement aims to establish a 15% baseline tariff on European imports, potentially benefiting several industries while reducing auto tariffs from 27.5% to 15%. A retaliation plan from the EU could involve a package worth €93 billion if talks fail.

Historical trade tensions have influenced cryptocurrency markets, indicating a potential rise in stablecoin and ETH usage. As negotiations progress, market observers are closely monitoring the situation, which may significantly impact international trade relations and financial markets.