How have US tariffs affected the average Chinese person?#TrumpTariffs | MrRUHUL on Binance Square

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How have US tariffs affected the average Chinese person?#TrumpTariffs 

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#TrumpTariffs 🇺🇸 U.S.–China Trade “Framework Deal” 55% U.S. Tariffs on China: Under a new deal—building on agreements reached in Geneva and London—the U.S. will impose 55% tariffs on Chinese imports, a mix of existing duties and new measures. China will keep its tariffs at 10% . Rare-Earth Minerals Inclusion: China has pledged to resume exporting critical rare-earth minerals to U.S. industries as part of the accord . --- 🔄 “Liberation Day” & Reciprocal Tariffs April 2 White House Plan: The so-called “Liberation Day” tariffs were introduced, including a baseline 10% global tariff and steep tariffs (up to 50%) on specific goods (e.g. autos, steel, aluminum) to counteract fentanyl trafficking and protect U.S. industries . Broad Sweep: These tariffs applied to imports from Canada, Mexico, China, the EU, and other nations, raising the overall U.S. average tariff rate from ~2.5% to around 15–27%, the highest in over a century . --- 🏛️ Legal Status & Court Rulings Appeals Court Decision (June 11): The U.S. Court of Appeals allowed the “Liberation Day” tariffs to remain in effect during ongoing judicial review, with oral arguments scheduled for July 31 . --- 🚧 Domestic & Global Impact Economic Effects: The Penn Wharton Budget Model projects long-term losses of ~6% of GDP and ~5% of household wages, with middle-income households facing lifetime reductions of ~$22,000 . Industry Pushback: Domestic manufacturers, especially in steel and autos, are struggling with rising input costs and supply-chain disruptions, prompting calls for exemptions . Global Retaliation: Canada, Mexico, and China have responded with counter-tariffs. The U.K. and EU face steep duties (25% on cars, steel, aluminum), dealing a sharp blow to their exports . Cultivating Certainty: Some sectors are cautiously welcoming clarity on tariff levels, though details remain opaque. Retailers warn of inevitable consumer price increases . --- 🔮 What’s Next? Deadline Approaching: The July 8–9 “Liberation Day” deadline looms—

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#TradingPairs101 – Let’s break down the basics of trading pairs in crypto: --- 🔁 What Are Trading Pairs? A trading pair allows you to trade one cryptocurrency for another. Think of it like a currency exchange – BTC/ETH means you're trading Bitcoin for Ethereum, or vice versa. --- 💱 Common Types of Pairs 1. Crypto-to-Crypto (C2C): Example: BTC/ETH, SOL/ADA Used to swap one crypto for another without using fiat. 2. Crypto-to-Fiat (C2F): Example: BTC/USD, ETH/EUR Lets you convert crypto into traditional currency or vice versa. 3. Stablecoin Pairs: Example: ETH/USDT, BTC/USDC Helpful in volatile markets to hedge or take profits. --- 📊 How to Read a Pair? Example: BTC/USDT Base currency: BTC (the one you’re buying or selling) Quote currency: USDT (used to price the base) If BTC/USDT = 67,000, it means 1 BTC = 67,000 USDT. --- ✅ Why Trading Pairs Matter Liquidity: More popular pairs (BTC/USDT, ETH/USD) = better execution and less slippage. Arbitrage Opportunities: Price discrepancies between pairs or exchanges. Strategy Matching: Certain trading strategies require specific pairs (e.g., using stablecoins for scalping). --- ⚠️ Pro Tips Always check spread and fees before trading. Be aware of impermanent loss in liquidity pools involving pairs. Understand correlation: Some assets move together, others don’t.

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