Trump Proposes Tariffs on French Wine, Adds to International Trade Uncertainty as Crypto Market Loses Momentum

• Trump has announced imposing a 200% tariff on French wines and champagnes.
• This has added uncertainty in international trade.
• The global crypto market is seen losing momentum.

US President Donald Trump has now threatened to impose tariffs on French wines and champagnes. This adds to the list of tariffs imposed by Trump in the last couple of days, adding uncertainty to international trade. Meanwhile, the crypto market has started losing momentum after staying mostly the same for 24 hours.

Trump Tariffs on French Wines and Champagnes

US President Donald Trump has announced a new tariff rate of 200% on French wines and champagne. This is reportedly aimed at persuading Emmanuel Macron, President of France, to join the Board of Peace.

For a quick reference, the Board of Peace is an initiative that aims to resolve conflicts across the globe. Members joining the initiative are required to pay $1 billion in cash if they want their membership to last for more than three years.

A draft has been sent to almost 60 countries by the US administration. It is speculated that Macron would decline a seat on the board.

Momentum of Crypto Market

The global crypto market sustained a momentum for 24 hours. But, values are now slipping down with the market cap dipping by 1.61%. Even the flagship token, BTC, has shed 1.70% of its value over the last 24 hours to exchange hands at $91,093.82 when the article is being written.

BTC is now projected to grow by 10.87% to $102,597 in the next 3 months, a little lower than what was earlier estimated. BTC price prediction still expects the token to soon surpass its ATH of $126,198.07, which was recorded on October 07, 2025.

Meanwhile, other cryptocurrencies that have lost significant values in a single day are ETH (-2.47%), TRX (-3.11%), and XMR (-8.60%), to mention a few.

International Trade Uncertainty

This is not the first time Trump has announced, or imposed, tariffs on a country. He recently imposed a 10% tariff rate on select European nations, effective February 01, 2026. The rate is likely to be revised to 25% effective June 01, 2026. Trump’s intention is to reach a deal with nations over Greenland, which he mentions is for the security purposes of the US.

Investors have reacted to this by diverting their funds to safer alternatives like Gold and Silver. This is another factor that has likely impacted the prices of cryptocurrencies, considering both reached a new high yesterday.

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