President Trump initiated a plan for new global tariffs on Thursday, aiming to address what he considers unfair trade practices by other countries and bring manufacturing back to the United States. The proposed reciprocal tariff system could violate W.T.O. rules and trigger negotiations with trading partners worldwide, potentially leading to trade wars and higher prices for consumers. Trump’s plan represents a significant departure from previous trade policies, focusing on raising U.S. barriers to imports and prioritizing American manufacturing competitiveness.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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