Today in Crypto, US President Donald Trump announced a 90-day tariff break for certain countries, excluding China, where duty has been increased to 125%. Geopolitical turmoil could wander the prices of crypto mining in the United States. Meanwhile, Argentina’s deputies have approved a study by President Javier Milei’s promotion of weight Memecoin.
Trump holds at once with some tariffs, increases China’s
US President Donald Trump issued a 90-day break on “mutual tariffs” and lowered the duty to 10% in countries that are not reciprocated with against customs.
The president also said he would increase the mutual customs rate of China to 125% because of the country’s opponents against the United States. Trump wrote in a stand Stord Stord Social Post:
“At some point, hopefully, in the near future, China will realize that the days of tearing the US and other countries are no longer sustainable or acceptable.”
According to data from TradingView, the S&P 500 index increased close to 7% after the message and showed the high volatility of the capital markets in the midst of the macroeconomic uncertainty and the potential of a long -term trade conflict.
Source: Donald Trump
Argentine legislators back milei -probe in weight crypto scandal
Legislators in Argentina’s deputies supported an investigation by President Javier Milei’s alleged commitment to weight (weight) cryptocurrency scandal.
According to an April 8th report from the local news output Buenos Aires Times, deputies voted in the lower house 128 to 93 for seven neither consumption. The same proposal in the past could not move on in the Senate.
The news follows Milei, which promotes weight Memecoin on social media. With the Argentine president who exploited his credibility as government officials and his 3.8 million followers, Token quickly reached $ 5 and stirred briefly at a market capital of $ 4 billion.
Milei has since faced allegations of wrongdoing, with critics who claimed that the weight was a blanket fraud and that he lured investors in. Attorney Jonatan Baldiviezo, along with Marcos Zelaya, Engineer MarÃa Eva Koutsovitis and economist Claudio Lozano, a former leader of Argentina’s central bank, From Him of Him of Him of Him of Him of of of Argentina.
According to Baldiviezo, Milei’s promotion was instrumental in a “illegal association” with the promoters of cryptocurrency. The non-governmental organization Observatorio del Derecho a la Ciudad shared the concerns and filed a case that accused the president of promoting a scheme that reportedly resulted in over 40,000 investors losing more than $ 4 billion.
Trump -Taxes could lower crypto -rates outside us: Hashlabs CEO
US President Donald Trump’s sweeping tariffs could collapse US demand for bitcoin mining in favor of non-American miners as producers will look outside the United States to sell excess stock to cheaper, Hashlab’s Mining CEO Jaran Mellerud said.
Mellerud said that the prices of the mining machine were likely to rise in the United States and fall into the rest of the world as the rig producers “need to lower prices to attract buyers in other regions.” That, he said, can allow non-American mining to scale up and take a larger sample of Bitcoin’s total hash rate.
Trump revealed “mutual tariffs” in almost every country on April 2, and some of the biggest cryptomin farms are based in countries such as Thailand, Indonesia and Malaysia, which will be hardest hit by the tariffs.
Source: Jaran Mellerud
Crypto Mining Rig producers Bitmain, Microbt and Canaan initially moved to some of these countries to bypass a 25%duty that Trump imposed on China in 2018 under his last administration.
Mellerud added, although Trump later drops the customs, “The damage is made confidence of prolonged planning has been shaken,” Mellerud said.