That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax paid on products brought into the United States from the bloc. The E.U. also agreed to spend $750 billion on energy purchases from the U.S., while investing an additional $600 billion here.

President Trump's trade strategy, marked by elevated tariffs, is yielding agreements with nations like the EU, Japan, and Vietnam. The EU accepted 15% US tariffs and committed to significant purchases and investments.

Trump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.

The Trump administration, known for its aggressive pro-crypto policy, already holds the most Bitcoin among all the countries — around 200,000 BTC. However, the administration has dropped no hint of using tariff revenue to acquire more crypto assets to add to its treasury.

With the president’s new trade deals, US protectionism is slowing investment and rewiring supply chains at the expense of the global economy

The EU, a group of countries with shared economic interests, exports about $2 trillion worth of goods to the U.S. The 27 countries had hoped for a lower tariff of 10%, similar to the deal Trump negotiated with the U.K. and well below the original threat of 30% tariffs, but most analysts expected something closer to 15%.

The 15% tariff would be lower than previously threatened but remains a high duty on America’s largest trading partner.

The South China Morning Post reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday." Also on Sunday,