Asia markets set to open lower after U.S. pauses tariffs on some goods; China trade data in focus
It comes as Trump’s latest tariff concessions failed to calm a market that has seen many policy reversals over the past two months.
New Fed report warns another round of tariffs on China could be more painful than expected
President Donald Trump is gearing up to apply a round of tariffs on Chinese, Canadadian, and Mexican imports in early March
Cryptopolitan on MSN6d
China’s dollar deposit rate cuts could drive investors toward crypto as a hedge
China’s central bank has instructed key commercial banks to cut U.S. dollar deposit rates, which could push investors toward alternative assets like cryptocurrency.
New York Fed research flags new inflation vector from tariffs on China imports
The U.S. economy could be in for a fresh inflation jolt if the Trump administration fully follows through withtariffs on Chinese imports, a New York Federal Reserve research paper said on Wednesday.
The Business Times9d
China needs 20 trillion yuan local debt solution: top economist
CHINA needs to vastly step up its efforts to cleanse the balance sheets of the nation’s local governments, giving them the space needed to support consumer spending and strengthen the economy, one of the nation’s most prominent economists said.
Crypto Briefing3d
China rumored to actively work on strategic Bitcoin reserve
China rumored to build a strategic Bitcoin reserve to align with de-dollarization efforts, amid evolving US crypto regulations.
Coingape1d
Bitcoin Price Up 8% Today, China Retaliates To Trump’s Tariffs Ahead of US NFP Release
Bitcoin price is rising today even after China vowed to retaliate against Donald Trump’s trade war. It rose 8% and moved back above the crucial resistance
Opinion
China’s inflation problem isn’t just going away
It has been easy to forget that Beijing has an inflation problem. Rock-bottom inflation had faded from the radar as a hurdle for China. Gaming out what Trump’s return to the White House means for everything from Russia’s invasion of Ukraine to President Xi Jinping’s plans to bring Taiwan to heel has clogged the airwaves.
The Business Times8d
Tariffs on China risk hurting US economy more than data suggest
NEW research suggests President Donald Trump’s latest tariffs on imports from China could hit the American economy more than official US trade data indicate. Read more at The Business Times.