According to @SecScottBessent, the US Treasury highlighted concerns over the European Union's trade proposals following @realDonaldTrump's threat to impose 50% tariffs on EU imports. On Fox News, @SecScottBessent stated that the quality of EU proposals lags behind other key trading partners, signaling potential escalation in trade tensions (source: Fox News, May 24, 2025). This heightened uncertainty could drive increased volatility in both traditional and crypto markets, as investors seek hedges against possible disruptions in global trade flows and currency markets.