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The White House has announced that an additional 104% tariff on China went into effect at noon on Tuesday, with collections of the tariff beginning April 9. US President Donald Trump threatened an additional tariff on China if Beijing didn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Since China has yet to lift its retaliatory tariffs, the White House has added an additional 104% tariff to Chinese imports. On Monday, Trump also said he’s currently “waiting” on a call from China to make a deal on trade and tariffs while touting that a delegation from South Korea was already headed to the U.S. to make a deal of its own. “China also wants to make a deal, badly, but they don’t know how to get it started,” Trump said in a post to Truth Social. “We are waiting for their call. It will happen!” JUST IN: White House say...

US tariffs are set to increase this week as President Donald Trump’s administration follows through on threats to impose additional 10% duties on Chinese imports. The escalation has prompted immediate reactions from Beijing, with China preparing countermeasures focused on American agricultural exports amid rising China-US trade tensions. Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back How China Plans to Combat US Tariffs, Strengthen Factories & Stimulate Growth China Targets US Agriculture as Primary Retaliation Target China’s potential countermeasures against US tariffs are being closely examined by markets worldwide right now. According to a report from the Global Times, a state-backed Chinese newspaper, US agricultural and food products will likely be the primary targets of Beijing’s response. Also Read: 3 Ways Through Which Trump May End De-Dollarization Once And For All “China is studying and formulating relev...

US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda. Also Read: BRICS: 2 Countries Officially Agree To Ditch the US Dollar For Trade However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement. Jaishankar also praised Trump and said that India has a good relationship with the new White House administration. “We’ve always said that India has never been for de-dollarization,” he said at v...

Over $9o,000 traders were liquidated in 24 hours as Ethereum, Bitcoin prices surged to $3,800 and $71k respectively. Total liquidations reached $383 million, with $297 million in shorts and $86 million on longs. Market is upbeat about SEC approving spot Ether ETF after latest developments the regulator initiated late Monday. Coinglass data shows that more than 90,000 trade rs were liquidated in the past 24-hours, with total liquidations reaching $383 million. The spike in prices for Ethereum, Bitcoin, Dogecoin and other tokens saw over $297 million in short positions liquidated. Longs accounted for about $86 million in liquidated positions as crypto prices skyrocketed late Monday and on Tuesday. According to Coinglass, the total number of liquidated trade rs reached 93,833 at 11:40 am ET on Tuesday. The largest liquidation happened on BitMEX, with an XBTUSD trade worth $4.26 million liquidated . Ethereum traders see over $100 million in short liquidati...

Hundreds of thousands of people are being trafficked by organized criminal gangs and made to carry out crypto scams and online fraud, a United Nations (UN) report claims. According to the report, these same people are suffering myriad human rights abuses, including sexual violence and forced labor. As part of its findings, the organization recommends that governments in Southeast Asia enact a human rights response to the growing scale of online Scam -related trafficking. It calls for a “holistic approach” to the problem that includes banks and crypto exchanges cooperating in line with international human rights to stop traffickers from converting their illicit crypto into fiat.   Bloomberg detailed how these online scams rely on crypto, specifically Tether, as payment. Gangs reportedly sell slaves in exchange for the stablecoin while scammers are told to encourage their victims to deposit Tether as it is “untraceable.”   The online scams range from pig butchering and gamblin...