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German Finance Minister: It would be naive to think that if we leave it alone, the situation will get better. The EU needs to respond strongly to US tariffs.UK Business Secretary: We will not rethink our fiscal rules because of US tariffs.German Finance Minister: Despite the US announcement of tariffs, negotiations are still ongoing and no one has closed the door to trade negotiations with the US.Switzerlands March CPI monthly rate will be released in ten minutes.Comprehensive tariffs and reciprocal tariffs 1. Mark Zandi, chief economist at Moodys: On a static basis, new tariff revenues account for nearly 2% of GDP (not considering the impact of tariffs on the economy and taxes), which makes this round of tax increases the largest since the tax increases used to finance the war during World War II. 2. JPMorgan Chase report: If these tariffs are fully implemented, the actual tariff rate in the United States may rise to 25%. This will affect about $3.3 trillion worth of imported goods. This years cumulative tariff increase should be regarded as a tax increase of about $660 billion, accounting for 2.2% of GDP, making it one of the largest tax increases in modern history. 3. Capital Economics: Trumps tariffs could generate up to $700 billion (or 2.3% of GDP) in revenue each year, the average import-weighted tariff rate will jump to 19.1%, and the effective tariff rate will rise from 2.3% to around 26%, reaching the highest level in 131 years. 4. CICC: If these tariffs are fully implemented, the effective tariff rate of the United States may rise sharply by 22.7 percentage points from 2.4% in 2024 to 25.1%, which will exceed the tariff level after the implementation of the Smoot-Hawley Tariff Act in 1930. Tariffs may push up US PCE inflation by 1.9 percentage points and reduce real GDP growth by 1.3 percentage points, although it may also bring in more than $700 billion in fiscal revenue. 5. White House assistant Peter Navarro: Trumps tariffs may increase fiscal revenue by three times the scale of the World War II tax increase in 1942, which may become the largest tax increase in US history. 6. Trump himself said that some of the tariffs imposed this week could help the government raise more than $1 trillion in funds over the next year or so, help reduce the national debt, and may even offset some income taxes. Auto tariffs 1. White House Secretary Will Schaaf estimated that Trumps 25% tariff on cars and auto parts imported into the United States could increase "about $100 billion in new revenue." 2. Trump himself said that in a relatively short period of time, that is, one year from now, between $600 billion and $1 trillion would be raised. 3. The Yale Budget Lab, a think tank, estimates that auto tariffs could raise revenues of about $600 billion to $650 billion over 10 years, rather than in one year as Trump said, averaging $60 billion to $65 billion on an annual basis.

The SEC and the Fed Hold the Key to ETH's Return to $1,600

Daniel Rogers

Feb 14, 2023 14:41

 截屏2023-02-14 下午2.34.13.png

 

On Sunday, Ethereum (ETH) declined by 1.56%. ETH closed the week down 7.00% at $1,515, somewhat offsetting a 1.72% gain on Saturday. Since January 14, ETH has fallen below $1,500 twice.

 

After a range-bound morning, ETH reached a high of $1,548 in the late afternoon. ETH reached a late low of $1,494 after failing to surpass the First Major Resistance Level (R1) at $1,554. ETH dropped below the First Major Support Level (S1) at $1,515 and closed the day at that price.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin (BTC) decreased by 0.32% on Sunday. BTC closed the week at $21,796 down 4.94%, somewhat offsetting a 1.04% gain from Saturday. BTC finished the day below $22,000 for the fourth session in a row and returned above $22,000 for the first time in three sessions.

 

After a mixed morning session, BTC reached a high of $22,096 in the late afternoon. BTC reached a late-day low of $21,666 after failing to surpass the First Major Resistance Level (R1) at $21,977. Before closing the day at $21,796, BTC momentarily breached the First Major Support Level (S1) at $21,684.