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While reports indicate that Canada and Mexico may be spared the tariffs instituted by the Trump administration, China was not included in those analyses. China was hit with a 10% tariff on imports beginning this week, which applies to all goods imported from China. Trump’s Trade Strategy Meets China’s Defiant Response Markets improved on Monday … Read more
President Trump’s preemptive tariffs achieved two victories, prompting Canada’s Trudeau and Mexico’s Sheinbaum to compromise and announce measures to strengthen their border and drug policies. However, China countered Trump’s announcements with retaliatory sanctions. Trade War Watch: Trump Trumps Canada and Mexico; China Retaliates President Trump announced the suspension of the executive order that enacted additional … Read more
Bitcoin faces short-term uncertainty following Trump’s tariffs announcement and a lack of retail dip-buying; however, institutional demand remains strong, driven by the growth of bitcoin spot ETFs and the futures market. Bitcoin’s Post-Halving Price Action Might Be Evolving The market reacted unexpectedly to the Trump tariffs despite widespread anticipation. According to Matrixport‘s latest market outlook, … Read more
The Royal Bank of Canada (RBC) described the impact of Trump’s actions as the “largest trade shock in nearly 100 years.” Canadian ‘Loonie’ Plummets as Bitcoin Soars Amid Trade War President Donald Trump slapped Canada and Mexico with a 25% tariff on all goods on Saturday, sending the smaller northern economy into a tailspin as … Read more
U.S. President Donald Trump has reportedly amassed $802 million in digital assets since launching the TRUMP memecoin. Trump Team Holds Billions in Memecoins U.S. President Donald Trump has amassed digital assets valued at $802 million since launching the TRUMP memecoin over two weeks ago, according to Conor Grogan, a director at Coinbase. More than half … Read more
U.S. President Donald Trump has issued an executive order mandating the formation of a federal sovereign wealth fund, a move unveiled during a press briefing on Monday. Trump Mandates Federal Sovereign Wealth Fund “We have tremendous potential,” Trump declared to the press, flanked by aides, as he finalized the directive—a strategic mechanism designed to centralize … Read more
Tensions between the United States and South Africa appeared to escalate on February 3, with South African President Cyril Ramaphosa pushing back against Donald Trump’s claims. South Africa’s Land Question The tiff between the United States and South Africa appeared to worsen on Feb. 3 after South African President Cyril Ramaphosa rebuffed Donald Trump’s threat … Read more
A mere three days prior, the aggregate valuation of the crypto economy registered at $3.36 trillion; within this fleeting interval, a staggering $250 billion has vanished, diminishing the total to $3.11 trillion. This massive depreciation against the U.S. dollar coincides with President Trump’s imposition of fresh tariffs on American trading partners, amplifying global economic frictions … Read more
President Donald Trump is moving forward with his administration’s plans to establish tariffs after facing heavy criticism due to the effects of the executive order signed recently. Trump accused everyone against tariffs of being controlled by foreign entities, including China. President Trump Propels Tariffs, States Critics Are Being Controlled The establishment of sweeping tariffs for … Read more
The United States’ significant tariff hikes against Canada, Mexico, and China may pose the biggest macroeconomic risk in 2025. A Lose-Lose Path U.S. President Donald Trump’s steep tariff hikes against his country’s three biggest trading partners may be the biggest macroeconomic risk in 2025 yet, a former researcher with Binance China has asserted. In a … Read more