1. The Trump administration is considering multiple tariff options for China. The first option could reduce the tariff rate on Chinese goods to approximately 50%-65%. The second option, known as the "tiered plan," would categorize imports from China into goods that "do not pose a threat to U.S. national security" and those that are of "strategic importance to U.S. national interests." U.S. media reports that in the "tiered plan," a 35% tariff would be imposed on the former category, and at least a 100% tariff on the latter category. White House Press Secretary Levitt stated that Trump's position on Chinese tariffs "has not softened."
2. Fidelity reports that "due to purchases by listed companies, the supply of Bitcoin on exchanges is decreasing. This is expected to accelerate in the near future. The number of BTC on exchanges is 2.6 million, the lowest level since November 2018. More than 425,000 bitcoins have been transferred off exchanges since November 2024. After the U.S. election, listed companies increased by nearly 350,000 bitcoins. Until 2025, listed companies are purchasing more than 30,000 bitcoins per month."
