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European Commission Trade Commissioner Dombrovskis: We propose zero tariffs on goods to the United States, and if no trade agreement is reached, we are also prepared to respond. If necessary, we are prepared to take retaliatory measures.
on April 10, 2025, the U.S. government announced that the tariff rate for Chinese goods imported into the U.S. will be further increased to 125%. The U.S. imposing excessively high tariffs on China seriously violates international economic and trade rules, as well as basic economic laws and common sense, and is completely unilateral bullying and coercion. In accordance with the "Customs Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as basic principles of international law, with the approval of the State Council, the measures of imposing tariffs on imported goods originating in the U.S. will be adjusted starting from April 12, 2025. The relevant matters are as follows:
While there are a lot of people bullposting the prospect of stablecoin adoption, it may not be in the best interests of the US to promote stablecoins, because it can disrupt the USD money creation.
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