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Chinese goods will be subject to 104% additional tariffs beginning at midnight, the White House said.

The total value of borrowings on large DeFi platforms like Aave and Morpho has sharply dropped from the mid-December peak, as investors scrambled to reduce outstanding debt or got liquidated.

Though "a little concerned" that tariffs might lift inflation, at least temporarily, "with growth good and policy in a good place, we have built the time and the ability to just tread slowly and tread carefully," Daly said at Brigham Young University in Provo, Utah. Trump announced tariffs last Wednesday that would increase import levies around tenfold to more than 20%, the highest in a century, and global stocks swooned in the days that followed on fears that the escalating trade war would cause a recession.

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Bitcoin slipped in Tuesday trading, dropping from morning levels as investors continued to evaluate Trump administration trade policy.

David Sacks blasts Ukraine aid, sparks backlash as U.S. slaps 104% tariff on China, sending yuan to record low.

Shoppers are expected to spend around $23.6 billion this year, compared with $22.4 billion estimated last year, the trade body's survey showed, with discount stores once again poised to be the top destination for Easter shopping. Prices of eggs, traditionally used for Easter decor and games, have nearly doubled from last year as avian influenza wiped out millions of hens and led to a shortage of eggs in February. Retail bellwether Walmart left out eggs from its yearly Easter promotional meal kit, shared late last month at a lower price than 2024.

In this edition: Breaking down what to expect for earnings season and APM Terminals makes big moves at the Panama Canal. The post Check Call: LTL stocks brace for tariff impact appeared first on FreightWaves.

Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy. Traders put about a 56% chance of a Fed interest-rate cut in May, up from about 40% earlier in the day, based on the prices of short-term U.S. interest-rate futures traded at CME Group. They expect at least four more rate cuts through the end of the year.

Uncertainty remains as to what Trump will do next, and which countries could make a deal, and which might enter a trade war with Washington.