ChainCatcher News, U.S. President Trump stated that we will maintain reasonableness on tariff issues, believing that the market is adapting to the tariff policy. (Jin Shi)

ChainCatcher news, according to CCTV News, on April 23 local time, the states of New York, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, New Mexico, Oregon, and Vermont filed a lawsuit in the U.S. International Trade Court, attempting to block the implementation of the Trump administration's tariff policy and seeking a court declaration that its new tariff policy is illegal.Previously, California Governor Gavin Newsom announced on the 16th local time that he would sue the Trump administration over tariff issues, accusing the latter of abusing tariff policies as "illegal." This is the first state government in the U.S. to challenge Trump's tariff "club."

ChainCatcher news reports that according to 4E monitoring, Trump made remarks on Tuesday indicating a softening of tariff policies, stating that the tariffs on China are too high and that a significant reduction in rates is expected. With optimistic expectations for China-U.S. tariff negotiations, global trade tensions eased, boosting risk sentiment and leading to a surge in U.S. stocks. The S&P 500 rose by 2.5%, the Dow Jones increased by 2.66%, and the Nasdaq climbed by 2.71%. Major tech stocks recovered from the previous day's losses, with the seven giants index rising by 2.84%.The cryptocurrency market saw a collective rise, with Bitcoin continuing its strong performance. After breaking through the $90,000 mark last night, it accelerated its rise and, following Trump's retraction of his earlier threat to fire Federal Reserve Chairman Powell, it briefly approached $94,000 this morning, reaching a new high since early March, currently reported at $93,063, with a daily increase of 5.6%. Ethereum reversed its recent downturn, surging by 14% and breaking through $1,800. The altcoin market also rose collectively, with the total cryptocurrency market capitalization increasing by 5.4%.In the forex commodities market, the U.S. dollar index rebounded significantly by 0.65%, and international crude oil rose nearly 2%; as risk appetite improved, international gold prices, which had reached new highs for several consecutive days, retraced some gains, with spot gold down 1.25%.Trump's remarks on tariff softening and his moderate stance on Powell shifted the investment atmosphere from previous concerns to optimism. Moving forward, the progress of trade negotiations and the direction of Federal Reserve monetary policy will become the focus of attention.

ChainCatcher news, according to the Anti-Tariff Declaration website, a number of well-known economists, including two Nobel laureates in economics, have jointly issued a statement opposing the large-scale unilateral tariff measures implemented by the Trump administration through executive orders since taking office in 2025.The statement criticizes the policy for repeating the protectionist mistakes of the Smoot-Hawley Act of 1930, distorting the market, harming consumer interests, and violating the principles of free trade and constitutional governance.The statement calls for a return to the founding values of "peace, commerce, and honest friendship," and the current "Anti-Tariff Declaration" has received support from over 1,368 scholars and policymakers.

ChainCatcher news, according to CCTV News, recently, individuals from multiple countries have stated that the United States' excessive imposition of tariffs will not only affect the U.S. economy but will also impact global trade. The biggest victims of the U.S. tariff policy will be the United States itself. Khalid, the former commercial counselor of Saudi Arabia in China, stated that for the U.S. economy, this will lead to rising prices and will also affect financial markets, which are direct and unavoidable impacts. At the same time, it will also have a huge impact on the world; international trade connects countries around the globe, which will lead to turmoil in trade and international relations. If the trade war continues, the situation will worsen. Virovatz, a senior economist at ING Hungary, stated that throughout world history, there has never been an improvement or progress in the global economy achieved through trade closure and protectionism.

ChainCatcher news, according to the Financial Times, Trump's repeatedly changing tariff policies have pushed exchange rate volatility to multi-year highs and boosted demand for foreign exchange hedging products at a time when companies are struggling to adapt to market fluctuations.According to JPMorgan's G7 and emerging markets exchange rate volatility index, exchange rate volatility has surged in recent days to levels seen during the collapse of Silicon Valley Bank and Credit Suisse in March 2023. Bank and multinational executives have stated that the uncertainty surrounding Trump's tariffs has created more demand for foreign exchange hedging products to offset the impact of sudden exchange rate fluctuations on global business operations.Nathan Venkataraman Swamy, head of Asia-Pacific foreign exchange trading at Citigroup, stated that since Trump's election as U.S. president in November last year, demand for hedging products has accelerated due to uncertainty in U.S. trade policy. Swamy noted, "In February, trading activity in many parts of Asia slowed due to the Lunar New Year holiday, but trading volumes rebounded in March, with strong corporate hedging activity."

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, 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, 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, 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, according to CNBC, the U.S. Department of Commerce is conducting a national security investigation into the import of semiconductor technology and related downstream products. Official documents call for public comments on the investigation, further confirming that the chip and electronics supply chain will not be excluded from President Donald Trump's tariff plan, although Trump stated on Friday that many of these products are not subject to his "reciprocal tariffs."As part of the investigation, the U.S. Department of Commerce will examine the "feasibility of increasing domestic semiconductor capacity" to reduce reliance on imports, as well as whether additional trade measures, including tariffs, are "necessary to protect national security." The investigation covers a wide range of items, including chip components like silicon wafers, chip manufacturing equipment, and "downstream products containing semiconductors." Semiconductors play a role in nearly all types of modern electronic products, so this investigation has significant implications for Trump's global trade war aimed at boosting U.S. manufacturing.Despite granting exemptions for a range of electronic products, Trump and some of his officials indicated over the weekend that this exemption is only temporary and is part of a separate tariff plan for the industry.

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."

ChainCatcher news reports that, according to 4E monitoring, the U.S. government has temporarily suspended tariffs on electronic products, boosting market sentiment. However, Trump stated that there are no "exemptions" from tariffs, and related products have merely been shifted to another tariff category. This erratic policy signal has led to fluctuations in market sentiment. The U.S. stock market opened higher on Monday but closed lower, with all three major indices briefly turning negative during the day, but ultimately ended up collectively. By the close, the Dow Jones rose 0.78%, the S&P 500 index rose 0.79%, and the Nasdaq rose 0.64%. The index of the seven tech giants closed up 0.18%.The cryptocurrency market followed the U.S. stock market with a moderate rise, with Bitcoin fluctuating around $85,000. Strategy announced last week that it purchased 3,459 Bitcoins for $286 million (average price of $82,618), which somewhat boosted market sentiment. At the time of writing, Bitcoin was priced at $85,031, up 1.12% in 24 hours. Altcoins showed mixed performance, with gains and losses alternating, resulting in structural volatility in the market as investors sought a balance between optimism and caution.In the forex market, the U.S. dollar index fell over 0.4%, trading below the psychological level of 100 points; oil prices fluctuated due to weakened demand expectations, ultimately rising slightly; spot gold spent most of the day in a downward trend, falling 0.83% after hitting a historical intraday high for three consecutive days.Trump's fluctuating tariff policy keeps the market on alert. On Monday, Trump was "quiet" for a day; for the current market, no news from Trump is good news. Investors are concerned that without clear flexibility and progress in negotiations, the market may face further volatility in the short term. Investors are looking forward to a clearer stance from the White House on tariff issues in the coming weeks to reduce uncertainty in global supply chains and the economy.

ChainCatcher news, according to Cointelegraph, Greg Cipolaro, the global research director of the New York Digital Investment Group (NYDIG), pointed out in a report on April 11 that despite the global tariff policy implemented by Trump causing market panic, the cryptocurrency market remains relatively stable. He mentioned that the perpetual futures rates for cryptocurrencies have consistently been positive, and while the liquidation volume surged after Trump's tariff announcement, the total amount was not high, and Bitcoin's performance far outpaced other assets, with volatility not rising to historical highs.Greg Cipolaro believes that investors may increasingly prefer to seek stores of value that are unaffected by trade turmoil. The narrowing gap in Bitcoin's volatility compared to other assets makes it more attractive to risk parity strategy funds. He analyzed that investors may be reducing their risk exposure, and allocating part of their assets to Bitcoin could be one reason for its robust performance. Additionally, the allocation of Bitcoin by risk parity funds helps to reduce volatility, enhance asset attractiveness, and create a virtuous cycle.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated, "Our tariff policy is doing very well. This is exciting for both the United States and the world!"