ChainCatcher news, Federal Reserve Chairman Powell stated that supply disruptions may take time to resolve and could prolong inflationary pressures from tariffs. The federal government is reducing funding for scientific research, which is expected to have a significant impact on employment. (Jin Ten)

ChainCatcher news, Federal Reserve Chairman Powell stated that the tariff levels exceed the Federal Reserve's optimistic expectations. The Federal Reserve must maintain stable inflation expectations; it is the Federal Reserve's responsibility to ensure that inflation expectations do not evolve into persistent inflation. Our responsibility is to ensure that this rise in inflation is only a one-time event. (Jin Ten)

ChainCatcher message, Powell stated that, for now, high expectations of tariffs may mean higher inflation and slower growth.

ChainCatcher news, according to CNBC, the U.S. Customs and Border Protection (CBP) stated: "Since April 5, CBP has collected over $500 million under the new reciprocal tariffs, bringing the total tariff revenue from 15 presidential trade actions implemented since January 20, 2025, to over $21 billion."This latest statement was released following a 10-hour financial system outage. During the outage, U.S. importers were unable to input a code that could have exempted goods already in transit from higher tariffs. Even during the brief system failure, the average daily revenue stream of $250 million for CBP remained uninterrupted.Trump has repeatedly stated that the U.S. collects $2 billion in revenue daily from tariffs. However, the latest data released by the Treasury Department on Monday showed that the daily deposits under "Customs and Specific Excise Taxes" were only $305 million that day. All tariffs are collected by U.S. Customs at the point of entry.

ChainCatcher news, according to CoinDesk, investment bank Oppenheimer analysts pointed out in a report that the uncertainty brought by Trump's intermittent tariff threats has cast a shadow over cryptocurrency trading activities, making the outlook for cryptocurrency exchange Coinbase weak.Due to a decline in risk appetite, Oppenheimer has lowered its full-year trading volume forecast for Coinbase by 19% to $1.3 trillion, reduced its first-quarter trading volume forecast to $380 billion, a 13% decrease from the previous quarter, and cut its target stock price from $388 to $279.

ChainCatcher news, according to Jin10 reports, the World Trade Organization has lowered its forecast for global merchandise trade growth in 2025 from the original 3.0% to -0.2%.If the United States raises tariffs, the global economy may experience a decline of 1.5% in 2025, accompanied by spillover effects. A moderate recovery in merchandise trade is expected in 2026, with a growth rate of 2.5%.

ChainCatcher news, according to Jinshi reports, California Governor Newsom stated that California will file a lawsuit regarding Trump's tariff measures.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that Japan will come to the U.S. today to negotiate on tariff issues. I will participate in the talks with Japan, and the U.S. Secretary of the Treasury and Secretary of Commerce will also attend this meeting, hoping to find a solution. The cost of military support and trade fairness are among the topics of discussion.

ChainCatcher news, according to official social media messages, Huobi HTX will hold a live stream today at 20:00 on the theme "Tariff Changes Overnight? Insights into the Market Truth Behind Trump's 90-Day Buffer Period."At that time, data alchemists, Ziluo, GC, Leo, Coral, and other crypto KOLs will be invited to attend, jointly unraveling Trump's tariff puzzle and discussing the market dynamics and crypto investment opportunities behind the 90-day buffer period.In addition, this event will also be broadcast simultaneously through Huobi Live and Huobi HTX Twitter Space.

ChainCatcher news, according to Cointelegraph, Italian Finance Minister Giancarlo Giorgetti warned that U.S. stablecoin policies pose a greater threat to European financial stability than Trump's tariffs, potentially undermining the euro's dominance in cross-border payments. He urged the EU to strengthen the international position of the euro, emphasizing the importance of a digital euro.

ChainCatcher News, CBS reported, citing multiple informed sources, that while the White House has been trying to assert that Trump administration officials are unified in their stance on U.S. tariff policy, internal divisions regarding the policy had already emerged weeks before Trump signed the so-called "reciprocal tariff" executive order on April 2. Senior advisors to Trump had privately warned that some tariff proposals could have devastating effects on global financial markets and plunge the U.S. economy into a downward spiral.CBS stated that U.S. Treasury Secretary Scott Basset and Trump's senior trade and manufacturing advisor Peter Navarro had a heated argument in the office of White House Chief of Staff Susan Wiles in late March. According to several informed sources, Navarro advocated for a comprehensive 25% tariff on $3 trillion worth of imported goods, while Basset, a former Wall Street investor, warned that such a move would trigger market turmoil and outlined various risk scenarios. The report indicated that intense rhetoric was continuously emerging.

ChainCatcher news, Trump stated on his social platform that the revenue from tariffs in the U.S. has reached a record level, with prices for almost all products declining, including gasoline and groceries. He emphasized that "the promises have been fulfilled," stating that the current economic results validate the effectiveness of his policies.

ChainCatcher news, according to a report by Jinshi, the president of the Bank of Japan, Kazuo Ueda, stated that if U.S. tariffs harm the Japanese economy, the central bank may need to take policy action, suggesting that the central bank might pause its interest rate hike cycle.Kazuo Ueda mentioned that since February, the risks surrounding U.S. President Trump's policies have become "closer" to the bad scenarios envisioned by the Bank of Japan, and added that recent developments have already affected the confidence of businesses and households. He said that if the developments in the economy and prices align with the Bank of Japan's forecasts, the central bank will continue to raise interest rates "at an appropriate pace." "But we will carefully examine the extent to which U.S. tariffs may harm the economy without any preconceived notions," he said. "It may be necessary to take policy responses. We will make appropriate decisions based on changes in the situation." These remarks reinforce the mainstream view in the market that the Bank of Japan will pause interest rate hikes at its next policy meeting from April 30 to May 1, with the current rate at 0.5%.

ChainCatcher news, according to Jinshi reports, Citigroup's CEO stated that the impact of tariffs on the service sector will depend on the specific scenario.

ChainCatcher news, according to Jinshi reports, this week the EU and the US made little progress in bridging trade differences. Officials from President Trump's administration stated that most of the obstructive tariffs implemented by Trump will not be lifted. On Monday, EU Trade Commissioner Šefčovič met with US Secretary of Commerce and US Trade Representative Tai for about two hours, but the US objectives were not clear.Sources said that US officials indicated that the "reciprocal" tariff policy and other tariffs targeting industries such as automobiles and metals will not be lifted immediately.

ChainCatcher News, U.S. Treasury Secretary Basant stated in an exclusive interview with Bloomberg that the current tariff levels on China are unsustainable and that a "significant agreement" will be reached in the future. He also mentioned that negotiations with some allied countries regarding U.S. reciprocal tariffs are progressing rapidly and hinted that other countries should engage in trade negotiations with the U.S. as soon as possible.In the interview, Basant responded to the current U.S. tariffs on China by stating that the current tariff figures are very high and cannot be dismissed lightly, "I think no one believes they are sustainable, and no one wants them to remain in place indefinitely." He stated, "There's a big deal to be done at some point."

ChainCatcher news, according to Bloomberg, Nasdaq-listed Bitcoin mining company Bitdeer plans to take advantage of a 90-day tariff suspension period to transport mining machines from Southeast Asia to the United States, and will launch a manufacturing facility in the U.S. in the second half of this year, focusing on using the mining machines for its own mining rather than selling them to other miners.The company is also expanding its global operations, entering new markets such as Canada and Ethiopia, while advancing its strategic transformation towards artificial intelligence and high-performance computing.

ChainCatcher news, according to Ibtimes, five small businesses in the United States have filed a lawsuit in the U.S. International Trade Court, challenging the broad import tariff policy recently implemented by President Trump. The lawsuit, represented by the nonpartisan organization Freedom Justice Center, accuses Trump of overstepping his authority, illegally seizing Congress's power to levy taxes, and questioning the legitimacy of treating the trade deficit as a national emergency. The plaintiff businesses come from different states and industries, including a New York liquor importer and a Vermont bicycle apparel brand, all claiming that the tariffs have caused severe financial strain. The lawsuit seeks to prevent the enforcement of the tariffs and confirm that the president does not have the authority to unilaterally implement such measures. The White House argues that these tariffs are intended to protect American businesses and workers and address the long-standing trade deficit issue.

ChainCatcher news, former U.S. Treasury Secretary Yellen stated on Monday that the rationale for Trump's tariff policy is "unclear and not wise at all."Yellen noted that the recent turmoil in the bond market and the weakness of the dollar reflect a "loss of confidence," although things have not yet reached a point where the Federal Reserve needs to intervene. She stated, "The measures to cancel and reduce tariffs are positive, but we are in a world full of great uncertainty." She expressed confusion over some of the targets of the tariff measures. Yellen said, "If there are real concerns about financial stability, I believe the Federal Reserve would consider using liquidity tools as it did at the beginning of the pandemic." "But we are not at that point yet."