🧐 Explanation of the significance of the numbers 90% and 46% on Trump's tariff table with Vietnam
This morning, Donald Trump announced the retaliatory tariffs, with Vietnam facing tariffs of up to 46%, nearly the highest on the list. Many people mistakenly think that the 90% is due to Vietnam taxing the U.S., so the 46% response from the U.S. is reasonable.
The 90% figure is not actually due to Vietnam taxing American goods, but rather because Vietnam has a large trade surplus, mainly exporting goods to the U.S. without importing much from the U.S. to Vietnam.
For example:
- Vietnam's exports to the U.S.: 136.6 billion USD
- Imports from the U.S.: 13.1 billion USD
- Trade deficit: 123.5 billion USD
- Calculation: 123.5 / 136.6 = ~90%
- U.S. tariffs ~1/2 of 90% = 46%
This 46% rate is very burdensome, as the U.S. is Vietnam's largest export market, especially for items like textiles, electronics, footwear, and agricultural products.
I hope this 46% figure is intended to create an anchoring effect for negotiations to request Vietnam to import more goods from the U.S. If the 46% is maintained like this, FDI might completely withdraw from Vietnam 🥲.
He stated: “We can no longer continue to fund the deficits of Canada, Mexico, and other countries. Tariffs will bring jobs, factories, and lower prices for American consumers. Let’s start buying American goods!”
The financial market reacted negatively immediately to the news!!!
BINANCE & WINTERMUTE ARE UNDER SUSPICION FOR THE COLLAPSE OF ACT & MANY OTHER ALTCOINS
• Binance suddenly changed the leverage and margin requirements for many pairs, including ACT => Requires more funds in the account => If not enough, positions may be liquidated.
• A whale was triggered to liquidate $3.79 million at the $0.187 mark after the news.
• There have been multiple sell-offs of ACT & several other memecoins from Wintermute.
=> All information is gathered from various sources, and everything remains speculative; I will update soon if more information becomes available.
BINANCE SUSPENDS EMPLOYEE WITH INTERNAL TRADING BEHAVIOR
Binance Wallet has just announced the suspension of an employee for using insider information to purchase tokens before the TGE to gain illegal profits.
Binance has also pledged to cooperate legally with the authorities and reward $100,000 to 4 whistleblowers through its official channel.
I also suspected since the listing of NEIRO, PNUT, ACT, and considering it took this long to report, it's quite a lot 🤣
🧐 Has anyone noticed that since the Game King's command was issued, the price has been fluctuating around the entry of that command and then dropping? Even though it only needs to rise by a few hundred points to trigger that command, which the market has been continuously doing recently.
The story of "whose wallet is this" is being actively discussed by the X community, with many people suspecting that this is Trump’s wallet, which is why no one dares to touch it, however, there is still no data to prove this.
Coming up, there will be FOMC; if the command is still held until then and the FOMC news is favorable for this command, I think the market will be in an uproar due to suspicions of "insider trading" 😁.
Just over 1 month after Mr. Trump activated the trade war with tariffs on countries, how has the market been devastated?
• The US stock market has lost nearly 5000 billion dollars, with a record drop of 1700 billion today alone.
• Tesla's stock price has nearly halved from its peak, Elon Musk has lost nearly 150 billion 💵
• Total crypto market cap down 30% from 3600 billion to 2500, BTC is still above 75k while Altcoins have returned to the Stone Age, top ones have halved or tripled, shitcoins down 5x or 10x.
Elon lost 150 billion, so he still has 300 billion, while I’m left with just a bunch of vegetables :))
At this point, I guess I’ll turn myself into a green light; take care, everyone! 🙏
🧐 WHICH NEW BLOCKCHAINS ARE OUTPACING THE OLD ONES? In the context of old chains (like Ethereum, Solana, BSC, Base) all experiencing significant declines in TVL, especially Solana dropping over 25% in the last month, new blockchains like Bera and Sonic are showing impressive growth.
In the past month:
• TVL of Berachain has increased from $700M to over $3B, surpassing chains that previously had strong cash inflows like Base and Sui.
• TVL of Sonic has increased from $300M to over $650M.
• Hyperliquid has only recorded a decrease of -5%, much lower than the old chains.
PRESIDENT TRUMP SIGNS DECREE TO ESTABLISH STRATEGIC BITCOIN RESERVE FUND BUT BTC DROPS SHARPLY TO 85K$ ❓😃❓
Recently, U.S. President Donald Trump signed a decree to establish a strategic Bitcoin reserve fund, an event that many investors were looking forward to, but immediately the price of Bitcoin took a "magic stick" drop from 91k$ down to 85k$.
The main reason is that this decree states that the reserve strategy will only use Bitcoin that the U.S. government has seized in the past and will not purchase more. This has shattered expectations of "price push" and caused a sell-off in the market.
✍️ New York considers new bill to protect crypto investors
Accordingly, the New York State Assembly is reviewing Bill A06515 aimed at criminalizing forms of crypto fraud, including: rug-pull, scams to obtain users' private keys, lack of transparency about interest rates in investment products,...
This bill is believed to protect crypto investors when participating in this still-new field. However, while seeing people lose money due to the aforementioned forms is rare, many have lost money in new memecoins, and this bill has not mentioned that, probably out of fear of "touching" it 🙈
Anyway, if this bill is passed, we can feel somewhat more at ease when investing in projects registered in New York!
• S&P 500 market capitalization lost 1.5 trillion USD
Although we have good news about the "U.S. Strategic Crypto Reserve Fund," macroeconomic policies from Trump are not optimistic for the financial market:
• The decision to impose a 25% tax on Canada and Mexico, raising the tax to 20% on China takes effect today (March 4, 2025).
• Trump halts funding for new arms contracts for Ukraine while easing sanctions on Russia => The risk of igniting WW3.
• The Atlanta Federal Reserve Bank (one of the 12 regional banks in the U.S. Federal Reserve System) revised its Q1 2025 GDP estimate down to -2.8% => Signs of potential economic recession.
🧐 Coming up on March 7, there will be a U.S. Crypto Summit, hoping the market will show more positive changes.