Cointime

Download App
iOS & Android

U.S. Senate holds first trade hearing since Trump announced tariffs

Jamieson Greer, the US Trade Representative, will face the Senate Finance Committee on Tuesday. He is the official responsible for implementing the global tariffs announced by Trump last week. This is the first time a Trump administration official has testified before Congress since announcing the tariffs. Due to concerns from members of both the Republican and Democratic parties about the scope and duration of Trump's plan, it is expected that Greer will address concerns about the tariffs. An increasing number of Republican lawmakers in Congress are expressing concerns about the impact of tariffs on the US stock market and global trade with allied countries. At least seven Republican senators have signed a bill to prevent Trump from unilaterally imposing tariffs, however, Republican leadership has stated that the Senate will not consider this legislation after Trump issued a veto threat on Monday. (FXStreet)

Comments

All Comments

Recommended for you

  • Iranian Foreign Ministry Spokesman: No Decision Yet on Next Round of Talks with the U.S.

    On April 20, Iranian Foreign Ministry spokesman Baghaei stated that there are currently no plans for a second round of negotiations with the United States. He emphasized that the U.S. has not learned from past experiences, and such an approach will not yield positive results.
  • BTC Falls Below $75,000

    Market data shows that BTC has fallen below $75,000, currently priced at $74,994.16, with a 24-hour decline of 0.09%. The market is experiencing significant volatility, so please ensure proper risk management.
  • ETH Falls Below $2300

    Market data shows that ETH has fallen below $2300, currently priced at $2299.87, with a 24-hour decline of 0.2%. The market is experiencing significant volatility, so please ensure proper risk management.
  • US Blockade of Strait of Hormuz Will Undermine Iran-US Peace Negotiations

    Senior Iranian sources: Discrepancies in nuclear program discussions remain unresolved, and the gap has not narrowed. The ongoing US blockade of the Strait of Hormuz will weaken peace negotiations between Iran and the United States. (Reuters)
  • Iranian Parliament Official: Iran Decides to Continue Negotiations with the U.S.

    On April 20, Al Jazeera reported that Ibrahim Azizi, chairman of the Iranian Parliament's National Security and Foreign Policy Committee, stated that Iran has decided to continue negotiations with the United States. However, he emphasized that this 'does not mean negotiating at any cost' nor does it imply acceptance of 'any actions taken by the other party.' (Xinhua)
  • BTC Surpasses $75,000

    Market data shows that BTC has surpassed $75,000, currently priced at $75,005.44, with a 24-hour decline of 0.17%. The market is experiencing significant volatility, so please ensure proper risk management.
  • ETH Surpasses $2300

    Market data shows that ETH has surpassed $2300, currently priced at $2300.49, with a 24-hour decline of 0.54%. The market is experiencing significant volatility, so please ensure proper risk management.
  • Alibaba's HappyHorse to Open Testing on April 27

    Alibaba ATH announced that HappyHorse-1.0 will gradually open API testing through the Alibaba Cloud Bailian platform on April 27, with the first batch of invitees being enterprise-level clients. This 'dark horse' in the video generation field is about to unveil its mysteries. According to Alibaba ATH, the company has been deeply involved in AI video generation for many years, with the HappyHorse project led by the ATH Innovation Division, in collaboration with multiple teams including Alibaba Platform Technology, Tongyi Laboratory, and Taotian Technology. After the testing opens at the end of April, HappyHorse-1.0 is set for official commercial release in May. (Jinshi)
  • US Spot Ethereum ETF Sees Net Inflow of $276 Million Last Week

    On April 20, according to SoSoValue data, the US spot Ethereum ETF experienced a net inflow of $276 million last week.
  • US Spot Bitcoin ETF Sees $996 Million Net Inflow Last Week

    On April 20, according to SoSoValue data, the US spot Bitcoin ETF recorded a net inflow of $996 million last week.