Bitcoin

This move follows the EU's anti-subsidy probe into Chinese EVs and reflects rising global economic fragmentation. For crypto, it reinforces the narrative of deglobalization and supply chain reshoring, which could stoke inflation and pressure central banks to maintain tighter monetary policy, indirectly affecting liquidity for speculative assets.

The EU will limit imports of hybrid electric vehicles from China to 350,000 cars per year, using WTO rules to impose a quota that will halve Chinese market share to 3%.