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Trump announced on Saturday via social media (Truth Social) that tariffs will be imposed on 8 European countries.
This can be seen as a clever way to bypass the US stock market opening hours. Monday, January 19th, is Martin Luther King Jr. Day, and the US stock market will be closed all day.
Therefore, there is a 3-day buffer for US-Europe dialogue and market sentiment.
So, only cryptocurrencies are left to bear the brunt...