President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

EU leaders and ministers that spoke after Trump's announcement broadly backed the European Commission's approach. Polish deputy economy minister Michal Baranowski, whose country holds the rotating EU presidency, said the tariff threat appeared to be a negotiating ploy.

Trump's surprise 50% EU tariff triggers $300M in crypto liquidations as Bitcoin and altcoins reel from renewed trade war fears.