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On May 14, U.S. Trade Representative Katherine Tai released a review report on the Section 301 tariffs imposed on China and issued a statement indicating that President Joe Biden had directed her to take further action. This includes imposing additional tariffs of 25 percent to 100 percent on strategic products from China, such as electric vehicles, solar ...
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On Thursday (May 16), Bitcoin (BTC) declined by 1.47%. Partially reversing a 7.44% rally from Wednesday (May 15), BTC ended the session at $65,198. US inflation and retail sales figures from Wednesday (May 15) fueled investor bets on a September Fed rate cut. Hopes of a Fed rate cut drove buyer demand for riskier assets. However, FOMC member commentary on ...