Posts

Showing posts with the label global trade war

Trump’s 2025 Trade War Isolates the US From 15 Allies

Image
Trump’s trade war has definitely taken a dramatic turn in early 2025, with sweeping tariffs now targeting not just China but also 15 key trade partners. This rather aggressive approach has essentially isolated America while creating new opportunities for Chinese economic influence in the global marketplace. Also Read: If Bitcoin Reclaims Its All-Time High, Here’s What $1,500 Could Be Worth How Trump’s 2025 Tariffs Sparked a Global Trade War Shift Source: The New York Times On April 2nd, Trump imposed tariffs on America’s 15 most reliable trade partners, dubbing them the “dirty 15.” This trade war move has fundamentally altered global commerce dynamics and caused significant disruption in international markets. The Dirty 15: America’s Former Allies The countries affected by these tariffs include China, Mexico, Vietnam, Ireland, Germany, Taiwan, Japan, South Korea, Canada, India, Thailand, Italy, Switzerland, Malaysia, and Indonesia. These nations repre...

Crypto liquidations are ‘lot more’ than reported; Bybit CEO estimates up to $10B wipeout

Image
The latest cryptocurrency market sell-off has resulted in significantly higher liquidations than initially reported, with Bybit CEO Ben Zhou estimating the total wipeout to be between $8 billion and $10 billion. This starkly contrasts with the widely cited $2 billion liquidation, which Zhou suggests is a conservative estimate due to API limitations across multiple exchanges. Real liquidations could be four-fold than reported The downturn, spurred by U.S. President Donald Trump’s latest tariff announcement, triggered widespread fears of a prolonged global trade war, sending financial markets into turmoil and prompting investors to offload risk assets, including cryptocurrencies. Picks for you $65M reportedly stolen from Coinbase users in past two months 26 mins ago ...