#TariffPause President Donald Trump can’t stop contradicting himself on his own tariff plans. He says he’s on a path to cut several new trade deals in a few weeks — but has also suggested it’s “physically impossible” to hold all the needed meetings. Trump has said he will simply set new tariff rates negotiated internally within the U.S. government over the next few weeks — although he already did that on his April 2 “Liberation Day,” which caused the world economy to shudder. The Republican president says he’s actively negotiating with the Chinese government on tariffs — while the Chinese and U.S. Treasury Secretary Scott Bessent have said talks have yet to start. What should one believe? The sure bet is that uncertainty will persist in ways that employers and consumers alike expect to damage the economy and that leave foreign leaders scratching their heads in bewilderment. And the consequences of all this tariffs turmoil are enormous. Trump placed tariffs totaling 145% on China, leading China to retaliate with tariffs of 125% on the U.S. — essentially triggering a trade war between the world’s two largest economies with the potential to bring on a recession. Trump’s negotiating trade deals with himself The president told Time magazine in an interview released Friday that 20%, 30% or 50% tariffs a year from now would be a “total victory,” even though a financial market panic led him to temporarily reduce his baseline import taxes to 10% for 90 days while talks take place. “The deal is a deal that I choose,” Trump said in the interview. “What I’m doing is I will, at a certain point in the not too distant future, I will set a fair price of tariffs for different countries.” #TariffPause #BinanceHODLerSIGN #BinanceAlphaPoints
#TrumpVsPowell Here’s a concise 7-point summary of the current situation regarding the U.S. tariffs and their global impact: 1. 10% Universal Tariff: A new minimum 10% tariff applies to all imports into the U.S., including from the UK and EU, replacing previous lower or zero tariffs (e.g., under free trade deals with Australia, South Korea). 2. China Tariff Hike: Tariffs on Chinese goods rise from **104% to 125%**, with an additional **20% linked to fentanyl**, intensifying the U.S.-China trade war. 3. Paused Tariffs*: Higher tariffs (e.g., **46% on Vietnam, 20% on EU**) are suspended until **July**, offering temporary relief but keeping the 10% baseline. 4. Active High Tariffs: - **25% on cars** (including UK exports). - **25% on steel/aluminum** and related products (UK exported **$720M** in 2024). - **25% on select goods from Mexico/Canada**, despite past trade deals. 5. Global Economic Risks: - U.S. average import tariffs could reach **24–27%**, the highest in a century. - Slowdowns in the U.S. and China (**43% of global GDP**) may harm worldwide growth. 6. UK Impact: - **Lost advantage** over EU (both now face 10% tariffs). - **$9B car exports** to U.S. hit by 25% tariff; **$2.9B metal products** also affected. - Services exports (most UK-U.S. trade) remain tariff-free. 7. Uncertainty & Criticism: Economists warn Trump’s abrupt policy shifts (pausing/hiking tariffs) create instability, deterring investment and worsening global trade tensions. #TrendingTopic #TrumpVsPowell #ChinaUS
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