U.S., EU reach historic trade deal originally appeared on TheStreet.
The U.S. and the European Union reached a historic trade deal on July 27.
President Donald Trump said the EU is going to purchase energy worth $750 billion and military equipment worth hundreds of billions of dollars from the U.S. The EU has also agreed to invest $600 billion in the U.S.
Tariffs for automobiles and everything else will be 15%, he added and continued that the EU has agreed to open up their countries at "zero tariff."
"That basically concludes a deal."
European Commission President Ursula von der Leyen said the EU agreed to 15% "across the board" tariffs and said the trade deal with the U.S. will bring stability.
Bitcoin reflected a rebound following the announcement of the historical trade deal and was trading at $119,063.02 at the time of writing.
China, US to reportedly extend tariff pause by 90 more days
Earlier also, Bitcoin witnessed a similar but sharper rebound — from around $118,500 to around $119,500 before it retreated to around $118,900 — following the news report by the South China Morning Post that the U.S. and China are expected to extend their tariff truce by another 90 days when both superpowers meet to resume trade talks in Stockholm on July 28.
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Trump's tariff war has led to an enormous impact on the crypto markets so far.
When the president hiked tariffs on Apr. 2, the total crypto market cap dipped from $2.74 trillion to $2.42 trillion on Apr. 8.
Next, when he paused tariffs for all countries for 90 days on Apr. 9, China remained the main exception as the U.S.'s tariff hikes against it continued. Nonetheless, the market sighed a breath of relief and began quickly recovering to reach $2.71 trillion on Apr. 12.
As trade talks between the two countries took place, they agreed to remove most high tariffs imposed since Apr. 2, but the deadline of this pause is set to expire on August 12. The total crypto market cap stood at $3.94 trillion at the time of writing.
Meanwhile, Bitcoin hit a record high of $123,091.61 on July 14 as uncertainty around the tariffs continued — reflecting the king coin's resilience.
U.S., EU reach historic trade deal first appeared on TheStreet on Jul 27, 2025
This story was originally reported by TheStreet on Jul 27, 2025, where it first appeared.
