🚨🇺🇸🇨🇳 President Trump declares: "The bad news is that C | apqee_sb on Binance Square

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🚨🇺🇸🇨🇳President Trump declares: "The bad news is that China, unsurprisingly to some, has TOTALLY VIOLATED ITS AGREEMENT WITH US." 

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$SOPH /USDT Long Trade Signal – Bulls Taking Control SOPH is showing early signs of strength after a recent listing, now trading at $0.06147, up +0.85% on strong volume. With a 24-hour range between $0.05020 and $0.06240, bulls are clearly stepping in and pushing the price higher.

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A Federal appeals court reinstated Trump’s tariffs today after a trade court blocked most of them on Wednesday. According to a new analysis by the Yale Budget Lab, economists said consumers will still feel an impact of close to $1,000 a year. The U.S. Court of International Trade (USCIT) ruled on Wednesday that Trump misused his authority by implementing tariffs on multiple countries in the hopes of empowering domestic manufacturing and cutting budget deficits through the revenue generated from the tariffs. The court added that Trump used the tariffs as a bargaining chip for trade deals favoring the U.S. and in geopolitical negotiations. Economists say a tariff is a tax paid on imports by U.S entities Ernie Tedeschi, director of economics at Yale Budget Lab and former chief economist at the White House Council of Economic Advisers, said it does pinch consumers’ wallets. He revealed that tariffs are taxes paid on imports by domestic entities, and businesses are expected to pass on some of the costs to consumers. The Wednesday ruling, which would have stopped a 30% tariff on China, a 25% tariff on certain goods from Mexico and Canada, and a 10% universal tariff, was appealed by the Trump administration and overruled today, reinstating the tariffs. The tariffs are expected to push consumer goods prices up. The 25% tariff on steel, aluminum, and auto parts was also upheld today. Jennifer McKeown and Stephen Brown, economists at Capital Economists, revealed that, according to Yale Budget Lab analysis, those tariffs would cost the average household $950 in purchasing power in 2025. That means an estimated 0.6% increase in consumer goods prices across the U.S. On the other hand, if the Wednesday ruling had been upheld, consumers would save more than $1800 in 2025, Tedeschi added. He revealed that the average household would lose about $2,800 and experience a 1.7% bump in consumer prices in 2025 if the country-specific tariffs were to stay.

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JUST IN: 🇨🇳🇺🇸 Chinese state-backed think tank spotlights $BTC as a potential reserve hedge against the U.S. dollar.

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JUST IN: 🇺🇸 Vice President JD Vance says Bitcoin is secure, safer from fraud, and a digital store of value.

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