Summary of yesterday evening's and this morning's news

🟢 The Chinese Ministry of Foreign Affairs responded to the United States' proposal of a 245% tariff, stating that it is an issue that Washington must explain, and urging the United States to stop "threatening and blackmailing" and instead negotiate a trade agreement.

🟢 California Governor Newsom is asking the court to block President Trump's "illegal" tariffs.

🟢 President Trump stated that the United States is "imposing record amounts of tariffs, with the cost of nearly every product declining."

🟢 The United States will use negotiations with more than 70 countries to block China's trade routes.

🟢 The United States has generated a total of $21 billion in tariff revenue since President Trump took office.

🟢 President Trump claims that there has been “great progress” on a trade agreement with Japan after meeting with high-level officials there.

🟢 China is importing record amounts of oil from Canada after reducing purchases from the United States by 90% amid the trade war.

🟢 The Russian Ministry of Finance plans to create its own stablecoin.#FinancialResilience