The Euro has jumped over 2% against the U.S. Dollar following the announcement of significant tariffs by the Trump administration. Traders are reacting to fears of a trade war, driving shifts in major currency pairs including EUR/USD, GBP/USD, and USD/CAD. As the U.S. Dollar faces pressure, the Euro is nearing a five-month high and consolidating above 1.10. Analysts suggest that the current momentum may continue, with bullish forecasts for EUR/USD as traders brace for further developments in the tariff situation.