Maryjane Camak tEDw
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#TrumpTariffs The White House announced that President Trump signed an executive order to reduce or eliminate tariffs on China, based on Geneva talks. This step comes as part of efforts to ease trade tensions between the two countries. Financial markets were anticipating these developments, and futures contracts for Wall Street stocks rose, while the dollar strengthened against other safe-haven currencies. These developments have bolstered hopes of avoiding a global recession.
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The cryptocurrency market is experiencing fluctuations and is affected by economic and geopolitical news. The consumption index is one of the important indicators that investors closely monitor to understand inflation trends and their potential impact on central bank decisions and thus on the prices of various assets, including cryptocurrencies.
The annual U.S. Consumer Price Index (CPI) for April 2025 is expected to be released on May 13, 2025, and estimates suggest it will be released at a rate of 2.4%.
The annual U.S. Consumer Price Index (CPI) for April 2025 is expected to be released on May 13, 2025, and estimates suggest it will be released at a rate of 2.4%.
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The United States and China announced a suspension of part of the additional mutual tariffs for an initial period of 90 days. The United States will suspend 24 percentage points of its tariffs on some Chinese goods, while China will take a similar step on some American goods, which will lead to a market recovery and a flow of liquidity into digital currencies.
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