According to The Kobeissi Letter, President Trump has announced that a 50% tariff on the European Union will be implemented starting June 1st, marking a renewed escalation in the US-EU trade war (source: The Kobeissi Letter, May 23, 2025). This move is expected to create significant volatility across global equity and currency markets, with immediate knock-on effects for cryptocurrencies as traders seek hedges against fiat instability and macroeconomic uncertainty. Historically, heightened trade tensions have led to increased Bitcoin and altcoin trading volumes, as investors look to digital assets for portfolio diversification during geopolitical risk events (source: CoinDesk, previous trade war cycles). Traders should closely monitor crypto price action and volatility indices in the lead-up to June 1st, as sharp movements in both traditional and digital asset markets are likely.