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China raises tariffs on US goods from 84% to 125%!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

💧Top headlines from the last 24 hours:

• China retaliates to US tariffs.

• USA CPI data shows a positive surprise.

📕Educational :

• Bitcoin yearly returns.


Lets dive in.

📅 Today

USA V/S China Continues!

China has announced additional tariffs on US goods to 125%, effective tomorrow.

That is up from the previous level of 84%. This seems to be the final tariff hike by China , as they mentioned their intentions of not hiking tariffs any further even if the US continues to do so.

However, China’s finance ministry is reported as saying that if the US insists on continuing to infringe upon China’s interest in a substantive way, China will resolutely take countermeasures and fight to the end.

Inflation Cools Down!

USA’s Inflation dropped to 2.4% for the month of March, lower than the expected 2.5%.

Core CPI also inflation fell below 3.0%, the lowest since March 2021.

CPI data showed prices rising at their slowest pace since March 2021.

On a month-over-month basis, prices declined 0.1% — the first time monthly CPI prices have fallen since May 2020.

This is bullish for the economy as if Inflation keeps falling, the FED can cut rates quicker, which would be bullish for risk-on assets like equities and Bitcoin

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🌎 Other News

📕 Educational

Bitcoin yearly returns:

🟢 2010: +9,900%

🟢 2011: +1,473%

🟢 2012: +186%

🟢 2013: +5,507%

🔴 2014: -58%

🟢 2015: +35%

🟢 2016: +125%

🟢 2017: +1,331%

🔴 2018: -73%

🟢 2019: +95%

🟢 2020: +301%

🟢 2021: +66%

🔴 2022: -65%

🟢 2023: +156%

🟢 2024: +121%

When in doubt, zoom out!

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.

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