🔥Latest updates on tariffs

🇺🇸 The 3-day Easter holiday ended quite quietly on the tariff front, summarized as follows:

- No trade agreements were announced

- Only tough statements from Mr. Trump regarding tariffs, claiming that those who criticize tariffs are poor in business and listing 8 forms of "non-tariff fraud" including:

1. Currency exchange rate manipulation

2. Value-added tax (VAT) acting as a tariff and supporting exports

3. Selling below cost

4. Export subsidies and forms of government support

5. Agricultural protection standards (e.g., banning GMO corn in the EU)

6. Technical protection standards (like Japan's bowling ball test)

7. Counterfeiting, copyright violations, and intellectual property theft (causing more than $1 trillion in damage each year)

8. Transshipping goods to evade tariffs

Amidst the peak of earnings reporting season, the lack of additional "good news" on trade has left many investors concerned. U.S. stock futures opened slightly lower, with BTC trading sideways around $84-$85K.