China Considers Monetary Stimulus to Address Impact of Trump Tariffs

Beijing is considering monetary stimulus to mitigate the effects of President Trump's tariffs on its economy, as reported by Trade The News.

Key points:

• Trump stated no trade deal with China will occur without addressing the trade deficit.
• Financial markets declined, with bitcoin dropping below $80K following Trump's announcement of tariffs.
• Goldman Sachs revised its forecast for Fed rate cuts for 2025 to 130 basis points from 105 basis points.
• The Reserve Bank of Australia is predicted to implement four rate cuts.