âą Powell, Federal Reserve Chair: In a good position to wait for more clarity - We may find ourselves in a tense situation with new mandates being imposed - Estimates indicate a 2.3% rise in personal consumption expenditures inflation in March, and a 2.6% rise in core inflation - The economic impact of tariffs is likely to be greater than expected - Tariffs are likely to cause temporary inflation - The inflationary impact of tariffs may be more persistent - The labor market appears strong and generally balanced - It must be ensured that price increases do not lead to ongoing inflation
âąChina refuses to ease tensions regarding the trade war with America
Recently, China halted the purchase deal for Boeing aircraft from America.
đ«The halt on exporting essential chips for manufacturing phones and electronic devices may come to a stop between the two countries, as well as rare metals.
The situation has become reminiscent of the Cold War during the Soviet Union era.
âąThe Chinese Ministry of Defense today says that the "brutal" use of force will not make America great again
đžïžThe spokesperson for the Ministry of Defense says: "The exorbitant defense budget has once again revealed the warlike nature of the American side and its belief in the principle that power makes right"
đ Chinese statements come after Washington's accusations of aggression against China and reports of an increase in the U.S. defense spending in 2026
âą U.S. President Donald #Trump called on #China to communicate with him to start negotiations aimed at resolving the escalating trade dispute between the world's two largest economies
- The White House spokesperson said, "The ball is in China's court"
ââ Apple is facing significant challenges as a result of the new tariffs announced by U.S. President Donald Trump, which could notably affect iPhone prices
ââ The company is considered one of the biggest victims of Trump's tariffs on China; as it manufactures most of its phones in Beijing
ââ The cost of components for the iPhone 16 Pro and assembly will rise from $580 to $850 due to new tariffs, according to The Wall Street Journal
âąïž Trump: The Iranian-backed Houthi terrorists have been eliminated due to the continuous strikes over the past two weeks. Many of their fighters and leaders have departed from us. We strike them day and night, with increasing ferocity. Their capabilities that threaten navigation and the region are being destroyed rapidly. Our attacks will continue until their threat to maritime freedom is gone. The Houthis have a clear choice: stop firing at American ships, and we will stop firing at you. Otherwise, we are just getting started, and the real pain has not yet come, either for the Houthis or for their sponsors in Iran.
United States: The likelihood of an economic recession in âąïžthe United States this year has risen to 44% according to the prediction market Kalshi.
âąïžU.S. President Trump: Canada imposes "very high" tariffs on lumber and dairy products - May impose more tariffs on Canada today, "may impose the same tariffs they impose on us"
The strategic government support provided by Trump for âąïž cryptocurrencies has caused a collective surge where Bitcoin rose by 10 thousand dollars and some currencies exceeded 60% in a single day
The list of currencies is expected to expand soon so we will witness a greater increase in the coming days for Bitcoin and others