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Eid Mubarak Binance Eid al-Adha Trading Contest: Buy or Sell Crypto and Win Up to 600 USDT! | Sign up as a Binance user to get 100 USD worth of trading fee rebates now!
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$WCT has seen massive growth in the month may rising from $0.4 to $0.65. Almost an increase of 50%. For holding trader its a good news.đ„
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CRUCIAL
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$TRUMP is pumping again. buy your Trump and đto moonđ„
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#TrumpTariffsBinance During his second presidency, United States President Donald Trump enacted a series of steep protective tariffs affecting nearly all goods imported into the United States. Between January and April 2025, the average effective US tariff rate rose from 2.5% to an estimated 27%âthe highest level in over a century. As of May 2025, the average effective tariff rate is 17.8%. Trump escalated an ongoing trade war with China, raising baseline tariffs on Chinese imports to 145%. In retaliation, China imposed a minimum 125% tariff on US goods and restricted exports of rare earths critical to high-tech industries. $TRUMP also initiated a trade war with Canada and Mexico by imposing a 25% tariff on both countries, but later granted indefinite exemptions for goods compliant with the USMCA. He framed these actions as efforts to hold the countries accountable for contraband drug trafficking and illegal immigration, while also supporting domestic manufacturing. Trump subsequently added a 25% tariff on steel, aluminum, and automobiles from all countries. On April 2âa day he called "Liberation Day"âTrump announced a minimum 10% tariff on all US imports, effective April 5, and higher tariffs on imports from 57 countries. The announcement of these controversially named "reciprocal tariffs" prompted retaliation from trade partners and triggered a stock market crash. According to the Trump administration's reciprocal tariff formula, trade deficits are seen as inherently harmful and in need of removal, a view many economists rejected as a flawed understanding of trade. Trump also announced he would close the de minimis exemption for China beginning May 2, and for all countries at a future date. Higher tariffs on imports from 57 countries, ranging from 11% to 50%, were scheduled to take effect on April 9 but were almost immediately suspended for 90 days for all countries except China. The 10% minimum tariff and the 25% sector-specific tariffs remain in effect.
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