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On April 3, Kimberly Clausing, a former Biden administration official and nonresident senior fellow at the Peterson Institute for International Economics, called Trumps tariff announcement on Wednesday "very stubborn and much worse than I expected." "I expected things to be bad, but I didnt expect this level of self-harm. Its shocking that anyone thought this was a good idea. Id be shocked if we can get through this without a recession and Trump doesnt have to reverse his policies."On April 3, some economists worry that if Trump does not quickly cancel the latest round of tariffs, it may push the US economy into a recession. "If the US government implements these higher tariffs without major exemptions, it will be difficult for the economy to digest this. A recession seems more likely." said Mark Zandi, chief economist at Moodys Analytics. Zandi said, "In many ways, the tariffs announced by Trump are even worse than the worst case scenario he envisioned. If they stick to it, I will buckle up and prepare for the impact." Zandi added that on a static basis, tariffs account for nearly 2% of GDP (not considering the impact of tariffs on the economy and taxes), which makes this round of tariffs the largest tax increase since the tax increase used to finance the war during World War II.German Automobile Industry Association VDA: The EU must now speed up and make up its mind on the issue of free trade agreement.On April 3, the Reserve Bank of Australias latest report for the banking industry warned that continued uncertainty in US trade policy "could have a chilling effect on business investment and household spending decisions, and pose a significant headwind to the outlook for global economic activity and inflation." The Reserve Bank of Australia said there was also considerable uncertainty about the impact of possible changes in fiscal, regulatory and other government policies on global growth and inflation.The Hang Seng Index in Hong Kong opened on April 3 (Thursday) down 564.32 points, or 2.43%, to 22,638.21 points; the Hang Seng Technology Index opened on April 3 (Thursday) down 168.53 points, or 3.11%, to 5,257.91 points; the CSI 300 Index opened on April 3 (Thursday) down 219.05 points, or 2.57%, to 8,312.46 points; the H-share Index opened on April 3 (Thursday) down 61.24 points, or 1.59%, to 3,800.76 points.

Hyundai Will Be the First Automobile Manufacturer to Enter the NFT Market

Cameron Murphy

Apr 19, 2022 10:50


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The Hyundai brand will collaborate with the Meta Kongz NFT brand.


The automaker will also create an NFT community on social media platforms such as Twitter and Discord.


The idea of "Metamobility" was unveiled at CES 2022.


It's no surprise that everyone wants to be a part of the NFT and Metaverse area, and the newest to join is a company from a completely different business than the others.


Hyundai Motor, one of the top ten automakers in the world, has revealed its intention to join the NFT market in a variety of innovative methods.

Hyundai and NFTs

The firm will collaborate with the 'Meta Kongz' NFT brand to develop its own line of NFTs as well as a concept film. Hyundai created a short video showcasing the Hyundai NFT universe idea 'Metamobility Universe' in the search of uniqueness.


The video serves as a presentation for the company's Metamobility Concept, which was unveiled at the CES 2022 (Consumer Electronics Show).


According to the announcement, Thomas Schemera, Hyundai Motor's Global Chief Marketing Officer and Head of Customer Experience Division, said, "The Hyundai NFT Universe will extend the Hyundai brand experience in a completely new way, especially with the MZ generation, further reinforcing our commitment to innovation in both the real world and the metaverse." We're really happy to start this adventure with 'Meta Kongz' and present 'Metamobility' via our own NFTs.


The business plans to launch a separate Hyundai NFT website as well as social channels on Discord and Twitter to build its NFT community.


Hyundai will also offer 30 limited edition 'Hyundai x Meta Kongz' NFTs on April 20 to honor the debut of the concept film. This year, the team plans to extend Hyundai's NFT Universe even further.

The Rise of NFTs?

This year, the market has seen a slew of new NFT collections arrive, and the number continues to climb as more brands join the field via various partnerships.


But, although they view this as a chance to expand, the issue is if this space is expanding or whether the NFT bubble is about to burst.


According to statistics from Ethereum's NFT marketplace Opensea, traffic has been increasing over the previous several days. There was a little drop in sales last week, but things are looking up now.


However, if these sales are ever to approach their previous high of $4.9 billion, they will need to expand dramatically.


Although the bubble may not be collapsing, the monthly drop in trading volume and sales suggests waning enthusiasm.