#TrumpTariffs

The promising economic data flies in the face of caution from experts who warned of runaway inflation as a consequence of U.S. President Donald Trump’s unprecedented tariff policies. But while Trump celebrated today’s CPI data and touted his negotiating chops after finalizing a US-China trade deal that will see a 55% tariff on Chinese imports and a 10% import tax on American products entering China, bitcoin barely budged.

“Our deal with China is done, subject to final approval with President Xi and me,” Trump posted on Truth Social in all caps. “CPI just out. Great numbers! Fed should lower one full point,” the president later added, calling out Federal Reserve Chairman Jerome Powell. The central bank will meet next week to decide on the country’s interest rate policy.