Trump changes his mind again and restores a 90-day negotiation window with the EU, Bitcoin rebounds and briefly surpasses $109,000.

On May 26, U.S. President Trump stated that the EU requested an extension of the trade negotiation window and agreed to extend the deadline to July 9. Last week, Trump announced that he would impose a 50% tariff on EU imports starting June 1. Previously, EU Commission President Ursula von der Leyen stated on Sunday after speaking with Trump that the EU is prepared to “swiftly and decisively” advance trade negotiations with the U.S., but needs Trump to return to the original 90-day negotiation period. After Trump’s change of heart, Bitcoin temporarily rebounded and broke through $109,000, currently quoted at $108,840. Earlier, on May 23, Trump stated, “The main purpose of the EU’s establishment is to take advantage of the U.S. in trade, and there has been no progress in negotiations with them. I suggest imposing a 50% tariff on EU products directly starting June 1, 2025.” This statement once led to a decline in U.S. stocks and Bitcoin.