Bitcoin faces new tariff risk as EU races to finalize US trade deal this month

The European Union is racing against a self-imposed deadline to implement its side of the existing US-EU trade accord, with the next formal trilogue round set for May 19 in Strasbourg. President Donald Trump threatened on May 2 to lift tariffs on EU cars and trucks to 25% from 15%, a move the Kiel Institute for the World Economy estimates could cost Germany nearly €15 billion in near-term output. Bitcoin’s exposure t…