Trump Challenges EU in Bold Trade Negotiations

Donald Trump once again asserts himself as the world's top negotiator, currently focusing his tactics on the European Union with a series of bold statements aimed at convincing them of his steadfastness. In the next four years, his presidential term promises to be truly extraordinary. In another significant development, the CEO of Ripple made an exciting announcement. The Ripple Case Has Concluded CEO Brad Garlinghouse recently took to social media to announce the end of the long-running legal battle concerning XRP Coin. The massive $200 million fine forced Ripple to negotiate, and the SEC ultimately conceded to Ripple's demands. However, a court intervened, questioning the flexibility of the law and regulations.

Finally, the only viable solution is to withdraw the appeal, thereby ending the Ripple lawsuit. Garlinghouse announced this resolution with enthusiasm. "Ripple is withdrawing its cross-appeal and as previously stated, the SEC is also expected to do the same. We will close this chapter to focus on enhancing the value of the Internet. Stay tuned." At the appropriate time, the SEC is expected to follow suit and close this chapter. Unfortunately, amidst the chaotic tariff situation, the price of XRP Coin has not increased as expected. Stuart Alderoty, the legal advisor of the company, predicted this outcome after the court's decision on June 26. "However, the ball is in our court. The court has given us two options: withdraw the appeal regarding the organization's past sales or continue the appeal process. Stay tuned for developments. In any case, the legal status of XRP as a non-security will not change. Meanwhile, business operations continue as usual." Trump's Trade War With the EU The United States recently presented its final trade proposal to the EU. While the EU considers countermeasures to gain leverage, Trump reacted with his characteristic "don’t push me" attitude. By halting negotiations with Canada over high tariffs, Trump sent a warning message about a joint retaliation plan between the EU and Canada, causing the Canadian dollar to depreciate. After his presidential term ends, Trump may write a book about "power and negotiation." Unless he forgets his previous statement about running for a third term, he will surely take the time to write this book. Trump has recently made his position clear: "Negotiating with Canada is a challenge. We have significant influence over Canada, but we do not want to use that influence. Canada will eliminate the digital services tax; they have to do so. I want Federal Reserve Chairman Powell to resign. His resignation would make me very happy. He is making a big mistake. I will not appoint anyone who wants to maintain the current interest rates. I will appoint a Federal Reserve Chairman committed to lowering interest rates. Europe is very tough on trade. Our relationship with the European Union is good but challenging. A good relationship with the EU is very tough. They are very strict on trade. We hold cards against Europe. When I mentioned a 50% tariff, Europe got involved. Europe imposes unfair tariffs on the United States. They will soon learn how to be more polite. Respect for the United States is there, and China is respectful. Europe will soon learn not to be so hostile anymore."

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)