White House plans to reduce tariffs in April

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MarsBit
03-24
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Mars Finance News: The White House is considering adjusting the tariff policy originally scheduled for April 2, aiming to adopt more targeted measures. The plan is to avoid imposing tariffs on specific industries and only implement "reciprocal tariffs" on countries with trade imbalances, which has helped calm market sentiment. Analysts point out that while tariffs do not directly affect cryptocurrency asset prices, the market is particularly sensitive to macroeconomic uncertainties brought by Trump's trade policies. Zach Pandl, Research Director at Grayscale, stated, "Increased policy uncertainty has led investors to generally reduce risk exposure, which has also affected Bitcoin." Additionally, the Federal Reserve recently announced a slowdown in balance sheet reduction, lowering the monthly Treasury cap from $25 billion to $5 billion to alleviate market liquidity pressure. (Decrypt)

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