Trump's tariffs to remain in effect
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They include the "fentanyl tariffs" that Trump imposed at the outset of his second term, the "reciprocal" tariffs he announced on April 9 (which so far have extended only to China) and the de minimis tariffs on low-cost imports from China.
The U.S. dollar fluctuated as tariff disputes and economic policy uncertainties stirred investor reactions. A court reinstated President Trump's tariffs, while concerns over economic slowdown and inflation pressures lingered.
The Trump administration is exploring a temporary tariff measure that could impact vast portions of the global economy, according to a Wall Street Journal report citing sources familiar with the matter.
Gold price lost traction on Friday as the dollar recovered, with the spot price down 0.45% to $3,292 during the early European session.
U.S. stocks closed higher thanks to Nvidia's gains and despite a court ruling reinstating Trump-era tariffs. Choppy trading saw Salesforce fall despite optimistic forecasts. Nvidia's AI chip sales buoyed markets,
Companies welcomed a court decision striking down President Trump’s tariffs. Then a stay of that ruling left no one breathing easy.
Solana trades at $162.72, with over a 2% drop at press time on Friday, marking its third consecutive bearish candle. Over the last three weeks, SOL has traded in a sideways range between $185 and $165.
Geopolitical developments had the most significant impact on Bitcoin’s price trend over the past week. The market reacted quickly to speculation by the former U.S. President Donald Trump regarding the reinstatement of aggressive tariffs – 50% against Chinese goods and 25% against the European Union.
However, FTR remains skeptical that will translate into a sustained increase in freight activity due to the uncertainty around the possible reinstatement of tariffs. Vise pointed out that the ...