Cat News

While Donald Trump escalates trade tensions with threats of a 50% tariff on Chinese imports, Elon Musk is hitting the brakes—both publicly and behind the scenes. Not only did he criticize Trump’s trade advisor Peter Navarro on X, but according to Washington sources, Musk also privately urged Trump to reconsider his tariff strategy.

📉 Trump Doubles Down, Musk Calls for Reason
Despite Musk’s appeals, Trump has only intensified his stance, threatening a new 50% import tax if China doesn’t roll back its retaliatory measures. That announcement sent shockwaves through the market—Tesla shares dropped over 2.5% in premarket trading Tuesday and are now down nearly 39% year-to-date.

🤝 Collaboration, Not Protectionism
Musk, who donated nearly $290 million to Trump and other Republican campaigns during this election cycle, warned of the consequences. In a conversation with Italian Deputy Prime Minister Matteo Salvini, Musk said:

“I hope we’ll eventually agree on a free trade zone between the U.S. and Europe. Zero tariffs would be ideal.”

He also posted a video of economist Milton Friedman defending free-market policies—a clear rebuke of Trump’s protectionist approach.

💬 Verbal Jabs on X
Over the weekend, Musk took aim at Peter Navarro, calling out the architect of Trump’s tariff policy:

“A PhD from Harvard is more of a liability than an asset. Ego and intelligence in the same body is a dangerous combo.”

Navarro hasn’t responded—but the tension between Tesla and the White House is clearly rising.

🧨 When Business and Politics Collide
Many Trump supporters in the tech and finance world expected more influence over policy decisions. Instead, they’re now watching American exporters being harmed more than their foreign rivals.
Investor and Musk ally Joe Lonsdale confirmed he warned insiders that the tariffs would backfire. A behind-the-scenes lobbying effort has reportedly begun to sway Trump’s stance—with hopes that Treasury Secretary Scott Bessent might balance out the more extreme voices.
Yet to their surprise, Commerce Secretary Howard Lutnick, once close to Musk, has become a vocal protections advocate.

⚠️ Tesla Becomes a Political Symbol
Dan Ives, analyst at Wedbush Securities and longtime Tesla supporter, slashed his price target from $550 to $315, writing:

“Tesla has become a global political symbol—and that’s toxic for its future. This brand crisis has gone full F5 tornado.”

🌀 “Trump: The Highest-Tax President in a Generation”?
Even Kimbal Musk, Elon’s brother and Tesla board member, joined the debate:

“Who would’ve thought Trump would become the most tax-happy U.S. president in a generation? Tariffs mean lower consumption. Lower consumption means fewer jobs. And fewer jobs mean even lower consumption.”

🤔 Musk Softens—Slightly
Later on Monday, Musk acknowledged that some points raised by the U.S. Trade Representative’s office made sense, especially regarding unfair practices impacting American exporters. But despite both public and private pressure, Trump shows no sign of retreating.

Summary: Musk Sounds the Alarm, Trump Holds Firm—Markets Brace for Impact
The Musk-Trump relationship is under strain. Tesla faces uncertainty, investors are nervous, and Washington is digging in. These tariffs may not just hit China—they could backfire on American innovation, global trust, and job creation.

#TradeWars , #TrumpTariffs , #ElonMusk , #Tesla , #TRUMP

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Financial markets and global economists are on edge after U.S. President Donald Trump unleashed a new wave of sweeping tariffs on April 2nd—rattling investor confidence and sparking renewed fears of an impending recession.

Trump Strikes Hard: 10% Minimum Tariffs for All
During a highly publicized White House event dubbed “Liberation Day,” Trump signed an executive order granting himself extraordinary powers to impose reciprocal tariffs on every country that places duties on American goods. The base rate? A minimum of 10%—with many countries facing significantly higher rates.
Trump hailed the move as a step toward “economic independence” for the United States. But economists warn that this policy could backfire, undermining global trade and damaging the U.S. economy more than it helps.

Markets React with Sharp Drops—Crypto Included
News of the tariffs sent shockwaves through global markets, and the crypto space wasn’t spared.
🔹 Bitcoin (BTC) surged briefly to $88,500 before falling 2.6% to around $83,000

🔹 Ethereum (ETH) plunged from $1,934 to $1,797

🔹 The total crypto market cap dropped 5.3% to $2.7 trillion
Gold, in contrast, rose steadily to $3,152 per ounce as investors sought a safe haven amidst uncertainty.

Mixed Reactions from Analysts: Opportunity or Meltdown?
While some fear disaster, others believe the market may have already priced in the impact. Crypto trader Michaël van de Poppe said the tariffs “won’t be as bad as most people expect,” calling it a classic case of “buy the rumor, sell the news.”
BitMEX founder Arthur Hayes warned that fewer exports could lead to lower demand for U.S. Treasury bonds, forcing the Federal Reserve to inject more liquidity—an action that could ultimately benefit Bitcoin.

“The Fed will have to print more money,” Hayes quipped, referencing the infamous "Brrrr" meme.

Crypto Miners Could Be the Big Losers
U.S.-based crypto miners may face steep challenges as the new tariffs target mining equipment imported from Asia.
Mitchell Askew, head analyst at Blockware Solutions, warned that this could drive demand for domestic mining rigs and spike ASIC prices. CEO Mason Jappa added that current imports—mainly from Malaysia, Thailand, and Indonesia—will become more valuable once tariffs kick in.
Meanwhile, firms are scrambling to get machines in before it’s too late. Lauren Lin of Luxor Technology said they’re exploring chartering flights to beat the deadline.

Dubious Math and “Tariff Theater” Raise Eyebrows
Questions have been raised about how Trump’s team calculated the tariff rates. According to journalist James Surowiecki, the administration simply divided the U.S. trade deficit by a country’s exports to America—without factoring in non-tariff barriers.

“What an extraordinary nonsense,” Surowiecki wrote.

NFT collector DCinvestor even claimed he could replicate the tariff list using ChatGPT, suggesting that AI may have played an unofficial role in determining U.S. trade policy.
Stranger still, uninhabited islands like Heard and McDonald Islands were included in the tariff list—even though there’s no trade activity with the U.S.

Mounting Fears of Recession
While Trump argues that tariffs will "make America great again," many experts disagree.
🔹 Nigel Green of deVere Group says Trump is “selling economic illusions”

🔹 Adam Cochrane warns the U.S. lacks the factories, labor, and raw materials to make the policy work

🔹 Goldman Sachs placed the chance of a U.S. recession at 35%; after Trump’s order, Kalshi betting markets raised that to over 50%
Trump insists the Great Depression could have been avoided with stronger tariffs. But economists widely agree the 1930 Smoot-Hawley Tariff Act made things worse—a cautionary tale Trump seems eager to ignore.

Conclusion: Economic Strategy or Global Gamble?
Trump’s tariff wave has split the global stage. While supporters view it as a patriotic defense of U.S. industries, critics see it as economic brinkmanship that could trigger global consequences. One thing is certain: the markets are watching closely—and reacting swiftly. 📉

#TrumpTariffs , #CryptoMarket , #TradeWars , #CryptoNewss , #USGovernment

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

XRP Gains Momentum as Investors Show Renewed Interest
A well-known analyst predicts that XRP could reach $3.3, as Ripple's native cryptocurrency shows renewed market strength, sparking optimism among investors.
XRP's price has surged by over 4% today, signaling a return of confidence in the asset. This growth comes amid a broader market recovery, where the global crypto market cap has increased by nearly 2% to $2.66 trillion.
Given these positive movements, experts are now highlighting key price levels that could push XRP past the $3 mark in the near future.
XRP Rises: What’s Next?
Today, XRP has gained 4.5%, trading around $2.199. While daily trading volume has dropped by 31% to $6.59 billion, the cryptocurrency has reached a daily high of $2.24 and a low of $2.06.
🔹 Key Market Indicators:
RSI is currently at 44, indicating a potential trend shift.Open Interest in XRP futures has increased by 2.5%, reflecting growing market interest.

📊 This market optimism is further fueled by prominent analyst Patrick Bet-David, who recently suggested that XRP could skyrocket to $1,000.
Other market analysts remain bullish, indicating that XRP could be on the verge of a significant recovery.
Analyst Predicts XRP Rally to $3.3
According to Rose Premium Signals, a respected market expert, XRP is approaching a major price breakout as it forms a descending channel pattern on the daily chart.
📌 This pattern typically signals an accumulation phase, which often precedes a substantial price surge.
🔹 Projected XRP Price Targets:
First target: $2.32Second target: $2.61Third target: $2.90Main target: $3.35

📈 If XRP holds support at $2.12, its price could steadily rise toward these levels. However, breaking out of the descending channel could trigger an even stronger rally.
More Analysts Join the XRP Bullish Forecasts
🚀 As XRP experiences a sharp rise, other experts are weighing in with their insights.
🔹 EGRAG CRYPTO reiterated his bullish stance, predicting that XRP could skyrocket to $27 if it replicates its previous historic price action.

🔹 CasiTrades identified $1.9 as a key support level, stating that as long as XRP remains above this level, it can continue its upward momentum.

Key resistance levels: $2.25 and $2.7 – breaking these could push XRP even higher.

📌 Another major bullish factor is Franklin Templeton's recent XRP ETF filing with the U.S. SEC. This move has injected fresh optimism into the market, as traders anticipate further upside potential for XRP.
🔹 Analyst Dark Defender commented on the situation:

🗨 "A double-digit price for XRP will be as easy as pie."
📅 Moreover, technical analysis suggests that XRP is gearing up for a strong rally in April, which could further accelerate its growth.
Conclusion: What’s Next for XRP?
📈 XRP is showing renewed strength, and market analysts suggest a significant price increase could be on the horizon.
🔹 If XRP holds above $2.12, it could climb toward $2.32, $2.61, $2.90, and even $3.3.

🔹 Some analysts predict a rally up to $27 if a strong bull run unfolds.

🔹 The Franklin Templeton ETF filing has added more bullish momentum.
🤔 Will XRP really reach $3.3? How high can it go? Share your thoughts! 👇🚀

#xrp , #CryptoAnalysis , #CryptoPredictions , #Altcoin , #Ripple

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“