ChainCatcher news, according to Jinshi reports, recently, former World Bank President and former U.S. Deputy Secretary of State Robert Zoellick stated that tariffs not only increase corporate costs but also reduce productivity. Both China and the United States will be negatively affected by such policies.He emphasized that tariffs not only harm the healthy economic and trade relationship between China and the U.S., but the tariffs imposed by the U.S. on Canada and Mexico also severely impact the North American automotive industry. "Therefore, I believe these tariff policies are not the right decision," Zoellick stated.However, he also mentioned that tariffs are sometimes used as a negotiation tool. He pointed out that the U.S. may use tariffs as a means to pressure other countries. For example, the U.S. attempts to exert pressure on China regarding issues such as fentanyl through increased tariffs.

ChainCatcher news, according to the American media AXIOS, U.S. Secretary of Commerce Gina Raimondo stated on Tuesday local time that President Trump's economic policies are the most significant measures in American history. In an interview with CBS, a reporter posed the question: If the tariff policy leads to an economic recession, even if only a short-term recession, are they still valuable?Raimondo responded affirmatively: "Yes, I believe the tariff policy is worth it, even if it triggers an economic recession. But the only reason the U.S. economy could fall into recession is because of the Biden administration's ridiculous policies."This contrasts with her statement last Sunday, when Raimondo said in an NBC News interview that the U.S. would never experience an economic recession.

ChainCatcher news, according to the American media AXIOS, U.S. Secretary of Commerce Gina Raimondo stated on Tuesday local time that President Trump's economic policies are the most significant measures in American history.In an interview with CBS, a reporter posed the question: If the tariff policy leads to an economic recession, even if only a short-term recession, are they still valuable? Raimondo answered affirmatively: "Yes, I believe the tariff policy is worth it, even if it triggers an economic recession. But the only reason the U.S. economy might fall into recession is because of the Biden administration's ridiculous policies." This contrasts with her statement last Sunday, where Raimondo said in an interview with NBC News that the U.S. would never experience an economic recession.

ChainCatcher news, according to Reuters, the measure proposed by Trump to raise the actual tariffs on steel and aluminum in the U.S. to 25% has officially taken effect, with no country receiving an exemption.

ChainCatcher news, according to Jinshi reports, the Republican-controlled House of Representatives voted on Tuesday to prevent Congress from quickly challenging the tariff policy implemented by President Trump that has caused turmoil in the financial markets. This vote effectively undermined the challenge initiated by Washington State Democratic Representative Suzan DelBene against Trump's tariffs on Canada and Mexico.The blocking provision was cleverly incorporated into the procedural vote of a six-month temporary funding bill proposed by the Republicans. DelBene had previously sought to force a vote under the National Emergencies Act, which grants the president special powers in emergencies, and Trump invoked this act to implement the tariffs. The bill originally allowed the House to force a vote to revoke the president's emergency powers within 15 days, and the Senate would also need to pass a related resolution for it to take effect.However, Tuesday's vote adjusted the way the House calculates the remaining calendar days for 2025, effectively preventing such challenge votes within this year and solidifying the Trump administration's dominance in trade policy.

ChainCatcher news, Trump's remarks over the weekend about the U.S. economy facing a "transformation period" weakened investors' confidence in a policy shift amid the backdrop of a market crash, exacerbating economic concerns.According to 4E monitoring, on Monday, all three major U.S. stock indices plummeted, with the S&P 500 index falling 2.7%, marking a new closing low since September last year; the Dow Jones dropped 2.08%, erasing gains since the U.S. elections in November; the Nasdaq fell 4%, recording the largest daily drop since September 2022. Major tech stocks all declined, with Tesla closing down over 15%, the largest drop since September 2020, and its stock price halved from its historical high. The combined market value of the seven major tech companies evaporated by over $830 billion on Monday, setting a record for the highest single-day market value loss.The "Black Monday" in U.S. stocks crashed the cryptocurrency market, with Bitcoin hitting a low of $76,600, the lowest in nearly four months, essentially returning to the level when Trump won the election last year. At the time of writing, it has slightly rebounded to $79,125, with a 24-hour decline of about 3.5%. Mainstream altcoins, including ETH and SOL, were also severely affected, with Ethereum dropping below $1,800, marking the lowest since October 2023.In the foreign exchange market, risk aversion pushed the dollar index up slightly, while the oil market faced pressure, with international oil prices falling by 1.5%. Affected by profit-taking and a weakening stock market, spot gold dropped by 0.7%.In the past two months, the uncertainty surrounding Trump's tariff policy has intensified market fears of a U.S. economic recession. An increasing number of viewpoints suggest that to achieve long-term goals of tariffs and reducing government size, Trump may tolerate short-term economic and market difficulties. Currently, the Federal Reserve has entered a quiet period ahead of the March 19 FOMC meeting, and the market cannot gain new policy guidance from officials' statements.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will deliver a public speech tonight, which will be a public assessment of the Trump tariff policy by the Federal Reserve. The tariff policy has made the risk of "stagflation" a topic of discussion among market participants again.Adam Posen, director of the Peterson Institute for International Economics in Washington, stated that the Federal Reserve's responsibility is not to formulate trade or tax policy, and the government can do whatever it wants. However, the Federal Reserve should more clearly indicate that, based on all existing mainstream evidence, tariffs are more likely to lead to rising inflation. At the time Trump is set to implement the tariff policy, inflation levels are not low.

ChainCatcher news, according to Jinshi reports, options traders expect the S&P 500 index to fluctuate by 1.3% this Friday, which will be the largest fluctuation on a non-farm payroll data release day since the regional bank crisis in March 2023. Citigroup data shows that the S&P 500 index is expected to have a two-way fluctuation of 1.4% on Wednesday, marking the highest implied volatility since the day after the U.S. presidential election on November 6, 2023.The increase in market volatility is mainly influenced by two factors: the uncertainty of the Trump administration's tariff policy and the upcoming non-farm payroll report. Trump recently warned of potential future economic fluctuations and defended his plan to significantly raise tariffs, but U.S. Secretary of Commerce Gina Raimondo indicated that Trump is considering some tariff relief measures, which has slightly eased market sentiment.The Chicago Board Options Exchange Volatility Index (VIX) is currently at its highest level since December of last year, breaking through the 20-point mark. Economists expect that U.S. employment will increase by 160,000 in February, the unemployment rate will remain at 4%, and average hourly earnings will rise by 4.1% year-on-year. UBS equity derivatives strategist Grinkov stated, "Macroeconomic factors are becoming more important; this is a higher volatility environment."

ChainCatcher news, according to Jin Shi reports, Wells Fargo stated that some positive sentiment is emerging around the prospects of a tariff compromise, but caution is still needed.Wells Fargo's New York strategist Kenn Brendan McKenna said, "I have come to realize that any statements not directly from Trump should not be traded or believed immediately, so so far, I will still show caution and tend to hedge. However, if tariffs are lowered and an agreement is reached, the Canadian dollar and Mexican peso, as well as the entire foreign exchange market, should see some relief rebound."

ChainCatcher news, as Trump's latest tariffs approach, the U.S. stock market faces a potentially vulnerable moment. The S&P 500 index has fallen about 5% from its historic closing high on February 19, and a series of weak economic reports in the U.S. have raised concerns about economic growth, while the tariffs have compounded the market outlook.Analysts generally believe that imposing tariffs on foreign imports could exacerbate inflation and cut into corporate profits. Chuck Carlson, CEO of Horizon Investment Services, stated, "Currently, the market still views tariffs more as a negotiating tool rather than a long-term strategy, and if that begins to change, I think it will have a negative impact on the stock market." (Jin Shi)

ChainCatcher News: U.S. consumer confidence in February fell short of expectations, marking the largest monthly decline in over three years. Additionally, Trump's statement about imposing tariffs on imports from Canada and Mexico after the grace period has heightened market concerns about tariffs and economic recession.According to 4E monitoring, U.S. stocks saw more declines than gains on Tuesday, with the Dow Jones rising 0.37%, the S&P 500 falling 0.47%, and the Nasdaq dropping 1.35%. Most large tech stocks declined, with Tesla plummeting over 8.39%, bringing its market value below $1 trillion, followed closely by Nvidia, which fell 2.8%. A recent report from Goldman Sachs indicated that hedge funds are withdrawing from U.S. tech and media stocks at the fastest pace in six months, with the seven tech giants entering a technical correction zone.The cryptocurrency market had already led the decline ahead of U.S. stocks yesterday, with Bitcoin dropping to $86,050 at one point and Ethereum hitting a low of $2,313. The cooling of meme coin trends, along with the impending unlocking of a large number of tokens, caused SOL to experience the steepest decline, falling nearly 50% over the past month. Bitcoin spot ETFs saw a net outflow of $774 million yesterday, continuing a six-day streak of net outflows. The crypto market has remained sluggish since February, and the week started with another significant drop, with the Fear and Greed Index falling to 21, the lowest level since September of last year.In the forex market, consumer confidence data pressured the dollar, causing the dollar index to drop 0.2%, approaching a two-month low set on Monday. Market concerns about oil demand, coupled with potential peace negotiations in Russia, led to oil prices falling over 2%. After reaching new highs, investors took profits in gold, with spot gold dropping over 1.2%.A series of weak data recently suggests that the U.S. economy may be heading into recession. The S&P and Nasdaq have seen four consecutive declines, intensifying market worries about the impact of declining consumer confidence and tariff policies on the economy. Traders are generally maintaining a cautious stance, awaiting more economic data and policy guidance.

ChainCatcher news, according to CNBC, the US stock market continues to rise under the influence of multiple factors. The Producer Price Index (PPI) for January was slightly higher than market expectations, but the data shows a downward trend in the prices of some important components. Citigroup analysts expect that this trend may indicate a moderation in the Personal Consumption Expenditures (PCE) price index, which the Federal Reserve closely monitors.On the policy front, although Trump signed an executive order on reciprocal tariffs, he did not immediately impose tariffs on other countries, alleviating market concerns about escalating trade frictions. Analysts point out that despite facing inflationary pressures and policy uncertainties, investors still tend to focus on positive factors such as economic resilience and corporate profit growth. On that day, the Dow Jones Industrial Average rose by 0.91%, the S&P 500 index increased by 0.58%, and the Nasdaq gained 0.30%.

ChainCatcher news, according to Jinshi's report from CNBC, President Trump's tariff policy will be delayed and may start on April 1.

ChainCatcher news, according to Reuters, President Trump informed Republican lawmakers that he plans to announce retaliatory tariff policies as early as Friday. In previous campaign events, Trump promised to impose retaliatory tariffs on U.S. imports that are equal to the rates that trade partners impose on U.S. exports. The White House has not yet responded to requests for comment.

ChainCatcher news, Bloomberg has questioned a series of actions taken by Trump in the cryptocurrency space since he took office, stating that President Trump and his entourage seem eager to establish their crypto empire. The family not only hopes to pave the way for the U.S. to support cryptocurrencies through more favorable regulations but also aims to secure a place in the positive outcomes.Based on the current (volatile) spot prices, the TRUMP holdings of entities related to Trump have an estimated book value of about $14.9 billion, with risks that are equally incredible. As token buyers and industry insiders see their opportunity to please Trump, the likelihood of quid pro quo and corruption will certainly increase. Additionally, moral hazard is also present.When Eric Trump tweeted a friendly suggestion that Ethereum is worth buying, he was by no means a neutral observer—when he removed the phrase "you can thank me later" from his post on X, he seemed to realize this. Meanwhile, the company has transferred most of its reserves to Coinbase Global Inc., and although it denied any plans to sell, it is difficult to assess what specific insider information might be involved. Trump's tariff policies are certainly not favorable to the crypto market, and the impact of Eric Trump's endorsements is similarly limited.Bloomberg believes that without effective enforcement and strengthening of regulations, oversight of the president's actions will become ineffective, and currently, Trump seems unencumbered by any constraints.