China Raises Tariffs on US Imports to 125%
The Tariff Commission of the State Council of China announced that the tariff on imported goods originating from the United States will be increased from 84% to 125% from April 12, 2025. It was stated that this decision was based on Chinese law and the basic principles of international law. The Chinese side also stated that they will ignore the US tariffs if these tariffs continue.
BlackRock Reports $3 Billion Digital Asset Inflows in the First Quarter
BlackRock, one of the world’s largest asset management companies, recorded a total net inflow of $ 84 billion in the first quarter of 2025, of which $ 3 billion was directed to digital asset products. The company stated that iShares ETFs played an important role in this growth with a record inflow of 107 billion dollars. These results show the growing importance of digital assets among traditional financial products.
Bitcoin Could Become Legal for Government Payments in New York
A new bill introduced in New York state allows government agencies to accept Bitcoin and other cryptocurrencies as payment methods. This step is considered a development that could pave the way for the use of digital assets in public services. The bill shows growing political support for the acceptance of cryptocurrencies as official means of payment.
EU Proposes Zero-to-Zero Tariffs on the US
European Commission Trade Commissioner Valdis Dombrovskis announced that the EU has proposed zero-to-zero tariffs on all goods to the US. If a trade agreement cannot be reached, the EU is ready to take countermeasures. This statement is seen as a sign that Europe may take a tough stance against Trump’s trade policies.
US Producer Price Index Below Expectations
Annual Producer Price Index (PPI) for March in the US was announced as 2.7%. Expectations were 3.3% while the previous reading was 3.2%. While these data pointed to a partial easing in price pressures, they are also closely monitored in terms of Fed’s interest rate decisions.
by Darkex Research – 1 min read
