Donald Trump did not impose new trade tariffs on the first day of his second term, but outlined an “America First Trade Policy” focusing on remedying unfair trade practices and identifying currency manipulators. The president pledged tariffs in the near future, prioritized actions on Canada and Mexico, and signaled a systematic overhaul of trade relations with China. Trump also weaponized tariffs to achieve policy goals beyond reducing trade deficits and considered implementing a “global supplemental tariff” to address trade imbalances. The implications of his trade agenda could lead to increased trade between other countries and potential inflationary impacts.
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If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today
Launched just 5.5 years ago, Solana (CRYPTO: SOL) has rapidly become the sixth-largest cryptocurrency, boasting a market cap exceeding $96 billion as of July 30. Its innovative proof-of-stake (PoS) mechanism, a response to the energy demands of Bitcoin's proof-of-work (PoW) system, has garnered significant investor interest due to its potential for scalability and efficiency. Want More Context? 🔎
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