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On April 8, Eastern time, the United States imposed a 34% so-called "reciprocal tariff" on Chinese products exported to the United States, which was previously announced, further increasing by 50% to 84%. The Customs Tariff Commission of the State Council announced today that the additional tariff rates stipulated in the Announcement of the Customs Tariff Commission of the State Council on Adjusting Additional Tariffs on Imports Originating in the United States from 12:01 on April 10 (Tariff Commission Announcement No. 4 [2025]) will increase the additional tariff rates for all imported goods originating in the United States from 34% to 84%.
Despite all the hype, layer 2s have never been the solution to scaling the EVM, as they come with their own set of challenges. The answer has lied within layer 1s all along.
As the Trump Administration sets out tariff policy on “Liberation Day” Wednesday, many are pessimistic about the economy in general and crypto prices in particular. But there are strong reasons not to be, say analysts.
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