Buckle up for April 2, Liberation Day to Spark a Market “Demolition”

Buckle up for April 2, Liberation Day to Spark a Market “Demolition”

Daniela Cambone:  3-28-2025

Hold onto your hats! According to David Stockman, a former Republican U.S. Representative and the Director of the Office of Management and Budget under President Ronald Reagan, we’re headed for some serious turbulence in the financial markets.

 Stockman is predicting a major “explosion” in both the stock and bond markets leading up to April 2nd.

In a recent interview with Daniela Cambone on ITM Trading, Stockman didn’t mince words about the economic forces he believes are at play. He argues that the root of America’s massive trade deficits isn’t flawed trade agreements, but rather a deeply flawed monetary policy orchestrated by the Federal Reserve’s relentless money printing.

Beyond just criticizing the Fed, Stockman offered a compelling perspective on other political events. He even suggested that the fentanyl crisis wasn’t the primary motivation behind former President Trump’s strained relationship with Canada, hinting at deeper, underlying issues.

While Stockman’s predictions are certainly alarming, they’re rooted in his analysis of the current economic landscape and the Federal Reserve’s actions.

 To understand more about his rationale and the potential implications for your investments, viewers are encouraged to watch the full interview on ITM Trading for a deeper dive into Stockman’s economic outlook and his predictions for what lies ahead.

https://youtu.be/-fjH_YApb-o

Iraq Economic News and Points to Ponder Saturday AM 3-29-25

Iraq Begins Implementing New Measures To Improve The Import And Export Environment

Money and Business   Economy News – Baghdad   The General Authority of Customs began implementing new procedures on Friday to improve the import and export environment and ensure the entry of goods in accordance with legal standards.

In a statement received by Al-Eqtisad News, the authority stated, "As part of its efforts to strengthen the national economy and regulate trade, the General Authority of Customs has begun implementing new customs procedures aimed at improving the import and export environment and ensuring the entry of goods in accordance with approved legal standards."

He explained that "the new procedures aim to simplify customs operations through modern electronic systems that reduce delays and ensure smooth workflow. They also aim to combat customs smuggling and protect markets from substandard goods.

They also aim to achieve customs justice among traders, ensure everyone's compliance with approved laws, and stimulate domestic production by regulating imports and encouraging local factories and companies."

He pointed out that "these reforms have received significant support from economic and trade experts, as they will contribute to reducing customs corruption, increasing transparency in commercial transactions, and enhancing the state's resources, which will positively impact development projects and public services. They will also protect consumers from substandard or illegal goods that could impact the local market."

According to the statement, the authority affirmed that "these measures are part of a comprehensive reform plan aimed at facilitating legitimate trade and providing a fair economic environment that ensures the development of the commercial sector and the achievement of sustainable economic growth."

He continued, "With the continued implementation of these new systems, markets are expected to witness greater stability, which will enhance the confidence of traders and importers in the customs system and support the wheel of economic development in Iraq." https://economy-news.net/content.php?id=53886

Al-Sudani: Our Government Has Been Able To Achieve Actual Progress In Many Service Projects

Friday, March 28, 2025, | Politics Number of reads: 142  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed that his government has been able to achieve actual progress in many service projects.

Al-Sudani said in a televised interview: Services are a priority of the government program, and came according to a planned vision and the need of each governorate for service projects.

He added: We implemented services according to 3 levels: service and engineering efforts, completing stalled projects, and launching new projects.

Al-Sudani continued: We have achievements in several fields, not only in the field of solving bottlenecks, but also achievements in important projects in the oil and industrial sectors.

He pointed out that the capital, Baghdad, is the identity of Iraq and has been wronged in services for years.  He said: We launched 5 strategic sewage projects on the outskirts of the capital, and work is continuing to accelerate completion.

Al-Sudani stressed that there is a qualitative shift in the health sector, especially in the field of building hospitals and health centers in Baghdad and the governorates.

He explained that a joint operation management system has been implemented in 7 hospitals to develop medical services and reduce the burden on citizens to receive treatment outside Iraq.

He stressed that Iraq has achieved a leap in localizing the pharmaceutical industry and applying the "Made in Iraq" concept according to the latest international specifications and standards.

He explained that Iraq will achieve self-sufficiency in high-octane gasoline for the first time upon the completion of the FCC project in Basra at the end of this year. He also stated that we have major projects with international companies to rehabilitate oil pipelines to preserve our oil wealth.

Al-Sudani continued: We have major investment opportunities in the petrochemical, cement and fertilizer industries, in which we have achieved self-sufficiency.

He confirmed that licenses have been granted to build one million housing units, and the government has supported the private sector with sovereign guarantees to ensure the success of housing and industrial projects.

He said that many items of the national card are secured through local production, and some materials are exported abroad due to their abundant production.

He pointed out that we have achieved 14% of non-oil revenues, and our goal is to achieve a higher percentage through the real reforms adopted by the government.

He added: We have taken important measures to reform government companies and the banking sector to increase the percentage of non-oil revenues.

Al-Sudani said that the Iraqi banking system operates transparently in accordance with international standards, and we have controlled the sale of the dollar, and financial transfers are carried out through internationally recognized processes and procedures. He indicated that contracts have been signed with reputable international companies to reform the private banking sector.

He added: We have reached the final stages of establishing the first Rafidain Bank, and developing the banking system achieves development.

Al-Sudani continued: We have taken an important step to invest in associated gas for the first time in Iraq's history, and flaring will be completely stopped by early 2028.

He explained: We are working on completing the floating platform project to complete the extension of the gas pipeline to the stations, and some countries have expressed their willingness to send ships loaded with gas for preparation.

He said: We have put in place serious solutions to the electricity crisis by addressing the transmission and distribution networks, easing bottlenecks, and implementing collection.

He explained that achieving accomplishments in various fields will restore citizens' confidence, and that we have a project aimed at a real renaissance in all fields.

He stressed that there is no external interference in the Popular Mobilization Forces, which is an official security institution.

He pointed out that the draft law of the Popular Mobilization Forces regulates the organizational structure of the Forces, its formations, and levels of its leadership, and was approved by the government after extensive study.

He stressed that it is necessary to pass laws related to the Popular Mobilization Forces, retirement, and social security, in order to guarantee the rights of members, which is a small part of their sacrifices.

He continued that no party is allowed to impose dictates on Iraq, and that the decision regarding its internal affairs is a national one.

He added: We emphasized the protection of minorities in Syria, and working to confront the terrorist ISIS, which poses a threat to the countries of the region.

He stressed that our position on Syria was expressed by Iraq in accordance with the country's supreme interests, and we have meetings with Turkey, Syria, Jordan, and Lebanon to confront ISIS. https://ninanews.com/Website/News/Details?key=1194597

Finnish Ambassador: Many Of Our Companies Operate In Iraq, Most Notably In The Telecommunications And Construction Sectors

Buratha News Agency1102025-03-28  The Ambassador of the Republic of Finland to Iraq, Anu Saarela, stated on Friday that many Finnish companies operate in Iraq. The ambassador told the official news agency, "There are many Finnish companies operating in Iraq, but the primary motivation for these companies is stability, as they seek a sustainable and safe business environment for investment in Iraq and the region in general."

She added, "Finnish companies operate in several sectors, including energy and communications, with Nokia being one of the most prominent companies operating in the mobile phone sector, along with a few companies in the construction sector, a sector that is no longer as active as it was in the 1980s."

Regarding the Samarra power plant maintenance project, the Finnish ambassador confirmed that "the matter is progressing step by step, and the Finnish company is committed to completing the project." https://burathanews.com/arabic/misc/458139

Gold Prices Rise To An Unprecedented Record High

Money and Business  Economy News - Follow-up   Gold prices rose to an unprecedented high on Friday amid ongoing concerns about an escalating trade war after US President Donald Trump moved to impose tariffs on all auto imports.

Gold prices rose 0.7%, hitting a new record high of more than $3,077 per ounce, surpassing Thursday's high. The metal is on track for its fourth consecutive weekly gain, supported by growing demand for safe-haven assets.

Trump signed a proclamation on Thursday imposing a 25% tariff on auto imports, threatening the European Union and Canada with "stronger penalties" if they cooperate to harm the US economy. Markets are bracing for a new wave of tariffs on April 2, while the White House administration prepares to implement what are known as "reciprocal tariffs," although the details of these plans remain unclear.

These growing concerns about the repercussions of an escalating trade war overshadowed data showing that the US economy grew at a faster-than-expected pace in the fourth quarter, while an inflation indicator was revised lower than the previous reading.

Gold has risen by about 16% since the beginning of the year, setting at least 15 new records, driven by central bank purchases and increased appetite for safe-haven assets amid rising geopolitical and economic uncertainty.

These factors supported prices even as traders reduced their bets on the Federal Reserve cutting interest rates to just two times this year. A rate cut is a strong support factor for gold, a non-yielding asset.

Major banks have raised their gold price forecasts, with Goldman Sachs this week revising its forecast to $3,300 per ounce by the end of the year, citing stronger demand from central banks and strong inflows into gold-backed exchange-traded funds.

In contrast, silver stabilized at its highest levels since approximately 2012, also benefiting from demand for safe-haven assets, particularly amid supply shortages resulting from massive withdrawals from London to US vaults. Suzi Cooper, an analyst at Standard Chartered, noted that rising rental rates in London could push spot prices further upward.

Spot gold was trading up 0.6% at $3,076.92 per ounce at 10:27 a.m. in Singapore, heading for a weekly gain of about 1.8%.

The Bloomberg Dollar Index remained stable, while silver remained unchanged, while platinum and palladium rose slightly.   https://economy-news.net/content.php?id=53875

Oil Prices Are Heading For Gains For The Third Consecutive Week

Economy  | 10:22 - 03/28/2025  Mawazine News – Baghdad  Oil prices are on track for a third consecutive week of gains as markets brace for a new wave of tariffs from the Trump administration, scheduled to take effect early next week.

Brent crude was trading near $74 a barrel after closing up 0.3% on Thursday, while West Texas Intermediate (WTI) crude was below $70. The reciprocal duties, along with a levy on buyers of Venezuelan crude, are set to take effect on April 2, the latest in a series of U.S. tariffs that have rattled global markets.

Oil prices have been rising since early March as investors assess the impact of potential supply disruptions caused by Trump's sanctions and tariffs, while traders rushed to buy bullish options to hedge against potential price spikes. Venezuela also increased its crude exports to China to their highest level in nearly two years.

Concerns about weak demand and rising supply have tempered the potential impact on crude flows at times, with major trading houses forecasting crude prices negatively for the rest of the year. OPEC+ is set to begin returning some of its shut-in production to the market next month as part of a series of planned increases. https://www.mawazin.net/Details.aspx?jimare=260360

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Saturday Morning 3-29-25

Good Morning Dinar Recaps,

STABLECOIN LEGISLATION SHOULDN’T FORCE ISSUERS TO COMPLY WITH BANK SECRECY ACT: REP. TOM EMMER

House Majority Whip Tom Emmer thinks stablecoin bills under discussion on Capitol Hill should remove language forcing issuers to comply with stringent anti-money laundering laws.

In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act.

Including such a provision in the legislation could box out foreign issuers while favoring U.S. companies, since U.S.-based entities are currently better equipped to meet stricter demands. The lawmaker believes stablecoin issuers, regardless of jurisdiction, should not be subject to the stringent anti-money laundering rules under the Bank Secrecy Act.

“The protections the so-called Bank Secrecy Act is supposed to provide were drafted for cash, and this is blockchain-driven,” Emmer told Decrypt Wednesday evening. “And guess what, everything on the blockchain is open and transparent to people who understand how to follow code.”

“It's pretty interesting to say that the Bank Secrecy Act—which doesn't even contemplate this type of technology, a digital asset—should be what we're using,” the congressman added.

Stablecoins are digital assets typically pegged to the U.S. dollar and designed to keep a steady price. They're used by cryptocurrency traders to enter and exit positions without the need for dollars, and used as dollar equivalents in markets where dollars are restricted or inaccessible.

The latest drafts of the GENIUS Act and STABLE Act treat all stablecoin issuers as financial institutions under the Bank Secrecy Act. The law, enacted in 1970, established a stringent set of proactive anti-money laundering rules that American banks must comply with in order to operate.

The Bank Secrecy Act, for example, obligates regulated institutions to engage in suspicious activity monitoring, undergo routine audits, hire compliance officers, and adopt a customer identification program mandated by the Patriot Act—the controversial law that expanded government surveillance powers shortly after the September 11, 2001, terrorist attacks.

Such requirements would pose quite a hurdle for existing foreign stablecoin issuers like Tether, the company behind USDT and the market’s undisputed leader. Tether, whose USDT stablecoin boasts a market capitalization in excess of $144 billion, is based in the U.S. Virgin Islands, and plans to move to El Salvador—but nonetheless is one of the world’s biggest purchasers of U.S. Treasuries, which it uses as collateral to back its U.S. dollar-pegged stablecoin.

In its current setup, Tether enjoys much less strict regulation than the Bank Secrecy Act would mandate, and the company's leadership has implied that moves to force all stablecoin issuers to comply with such rules would hurt the firm and aid its competitors.

By contrast, Circle, the issuer behind the market's second-largest stablecoin USDC, is already based in the United States. The company is regulated as a money transmitter by the New York Department of Financial Services and as such must already comply with the Bank Secrecy Act.

Circle is also already in compliance with the European Union's elaborate MiCA regulatory framework, a move Tether has resisted.

As stablecoin legislation in the U.S. nears a crescendo, questions have emerged regarding whether Tether would come to the United States if it had to comply with the Bank Secrecy Act—or, alternatively, what would happen if the stablecoin market’s top player was boxed out of American financial markets.

Emmer does not want to risk locking Tether, or any other foreign issuer, out of the burgeoning U.S. stablecoin sector.

“We've got to let everybody compete in this space,” he said.

That doesn’t mean Tether wouldn’t have to comply with certain rules in order to operate in the United States. To Emmer, the sticking point is proof of reserves—showing the government that your token is backed up with sufficient collateral to keep its value pegged to the dollar even in periods of market volatility.

To that end, Emmer believes Tether is, broadly speaking, doing well. In 2021, the company partnered with Wall Street firm Cantor Fitzgerald to help custody some of the $92 billion worth of U.S. Treasuries it claims to currently hold in reserve.

“Tether has done a great job straightening itself out in the last four years,” Emmer said.

The House Financial Services Committee is set to mark up the STABLE Act during a session next week. Meanwhile, the GENIUS Act already passed out of the Senate Banking Committee earlier this month with strong bipartisan support—Bank Secrecy language intact. It is likely to face a full vote on the Senate floor in the coming months.
@ Newshounds News™
Source:  Decrypt

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US BANKS GAIN CRYPTO ACCESS AS FDIC REVOKES APPROVAL RULE

▪️The FDIC has reversed its 2022 policy requiring banks to get pre-approval for crypto activities.

▪️This policy shift, driven by new leadership and industry advocacy, signals a move towards clearer regulatory guidelines.

▪️The FDIC's action, along with similar moves by the OCC, reflects a broader regulatory adjustment in response to the maturing crypto industry.

The Federal Deposit Insurance Corporation (FDIC) has officially scrapped its 2022 rule that required banks to get approval before engaging in crypto activities. For years, banks interested in digital assets were stuck in limbo, waiting for approvals that never came. Now, that roadblock is gone.

With fewer regulatory hurdles, will banks finally embrace digital assets, or will caution still hold them back? Here’s what the new guidance means and why it matters.

FDIC Gives Banks the Go-Ahead for Crypto

In its updated guidance, the FDIC stated that banks under its supervision can engage in crypto-related activities as long as they properly manage the risks involved.

“FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as crypto-assets and digital assets, provided that they adequately manage the associated risks.”

Like any financial activity, banks must assess potential risks, follow consumer protection and anti-money laundering rules, and consult with regulators when needed.

FDIC’s Role in the Crypto Banking Crackdown

The FDIC oversees many smaller banks and plays a key role in protecting the financial system. However, it was also involved in what many call a crypto banking crackdown. A lawsuit involving Coinbase revealed that the FDIC had quietly warned banks to avoid working with crypto companies while drafting new rules—but never actually put those rules in place.

A Shift Under Trump’s Administration

This policy change comes after President Trump appointed leaders who support the crypto industry and encouraged regulators to take a more open approach. FDIC Acting Chairman Travis Hill said this move corrects the agency’s flawed approach over the past three years.

“I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto- and blockchain-related activities in accordance with safety and soundness standards,” he noted.

Regulators Easing Restrictions on Crypto

Bo Hines, head of the White House’s Digital Assets Advisory Council, called the decision a “huge step forward” in a social media post. Previously, the FDIC, Federal Reserve, and Office of the Comptroller of the Currency (OCC) all required banks to get pre-approval before working with crypto.

The OCC recently reversed its 2022 guidance, which was introduced during a time of instability in the digital asset industry. That period saw major company failures and high-profile fraud cases, including the collapse of crypto exchange FTX. These recent regulatory changes signal a shift in how US regulators view the crypto industry, possibly paving the way for more mainstream adoption.

@ Newshounds News™
Source:  Coinpedia

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“Tidbits From TNT” Saturday Morning 3-29-2025

TNT:

Tishwash:  Rafidain Bank directs its branches to work on Saturdays and Sundays to disburse outstanding financial dues.

Today, Friday, March 28, 2025, Rafidain Bank directed its branches to work on Saturdays and Sundays to disburse "pending" financial dues.

A statement from the bank's media office, received by Baghdad Today, stated that "Rafidain Bank has directed its identified branches (Al-Muheet - Arab Quarter - Haifa - Al-Waziriya - Sheikh Omar - Al-Zawiya - Nasr Square - Bab Al-Muadham - Seven Palaces) to work on Saturday and Sunday."

He pointed out that the directive to work is to "disburse financial dues to owners of outlets and collect revenues from petroleum products and gas stations." link

Tishwash:  Iraq prepares for the largest leap in electricity production: historic contracts with GE and Siemens and plans to compensate for gas shortages.

Minister of Electricity Ziyad Fadhil revealed on Friday that Iraq is about to sign two historic contracts with the American company General Electric and the German company Siemens to boost electricity production. The first contract will provide 24,000 megawatts, while the second will add 10,000 megawatts to the national grid.

The minister confirmed in a statement received by Al Furat News that "the issue of importing Iranian gas has not yet been resolved, explaining that the ministry has not received any official notification of the suspension of supplies, while discussions on the matter are still ongoing." 

In the face of any potential gas supply shortage, Fadel noted that "the government has alternative plans, including the use of kerosene, taking advantage of electricity interconnection projects with neighboring countries, solar power plants, combined-cycle units that do not require fuel, and the establishment of a floating gas platform at the port to enhance energy sources." 

The minister noted that "the ministry is currently implementing the largest campaign to resolve power grid bottlenecks in all governorates, by upgrading and creating new lines and installing transformer stations, with the goal of achieving greater stability in supply hours." 

Regarding warnings of an electricity crisis next summer, Fadel confirmed that "there is an exaggerated hype," emphasizing that the government is well aware of the challenges and has clear plans to address them and ensure stable electricity supply in the coming months.  link

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Tishwash:  Al-Sudani: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!

Answered about selling 300 million daily

Prime Minister Mohammed Shia al-Sudani asserted that US sanctions were the best way to eliminate “rogue shops” and that the punitive measures imposed on Iraqi banks were a result of the previous government’s failure to fulfill its commitments to the US. He also said that the Treasury described the progress in reforming the banking system as “the revolution we dreamed of.” During a lengthy interview, al-Sudani justified the increase in the Central Bank’s dollar sales by the acceleration of construction activity and the import of building materials.

 He also promised to launch a reform plan to correct the banking sector, which is “the most important in Iraq’s history.”

 Mohammed Shia Al-Sudani, during an interview with journalist Samer Jawad:

There is an exaggeration of the problems facing Iraq, even though countries face many similar challenges, even on the security level. During the ISIS crisis, they said that Iraq was finished, and on the economic level, they said that the economy was finished, but things later proceeded normally.

After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government.

My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.

The sanctioned banks were sanctioned for violations committed during the previous government's term. The sanctions imposed by international institutions were related to that period, but there are no violations in this regard now.

We have been able to implement the standards, and now the Iraqi banking system operates transparently, in accordance with international compliance standards and certified by international institutions. During my last visit to New York, the US Treasury representative informed us that Iraq has achieved a revolution we had dreamed of in previous periods. International compliance standards have been applied to all Iraqi financial transfers, via correspondent banks and the US audit firm. Not a single dollar is spent without passing through these bodies.

The only cash dollars exchanged are for travelers, and are spent at the plane door. Therefore, not a single dollar is exchanged outside of improper transactions and procedures. The Central Bank's increased dollar sales have a different interpretation related to construction and development in the country, unlike what used to happen in the days when the process was conducted through receipts and chaos. Thirty percent of the value of our annual imports goes to construction materials, and this reflects the scale of construction and development.

The Iraqi banking system has reached such a level of reliability that international banks have begun opening credit lines here. We have contracted with Oliver Wyman to reform the private banking system, and we will launch the reform plan after Eid. It will be the most important plan since the founding of the Iraqi state. The government banking sector will be reformed under the supervision of Ernst & Young. link

Mot:  This Seasoning Thingy Does Have its Advantages....

Mot:  Lifes Lessons frum da Munchkins 

Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-28-25

Good Afternoon Dinar Recaps,

BRICS GOLD BET PAYING OFF AS TRUMP TARIFFS DRIVE VALUE SKY-HIGH

For much of 2024, the BRICS alliance saw its various central banks embracing gold and investing heavily in the asset. Now, that appears to be paying off in a big way as the slew of US President Trump’s tariffs are driving the haven asset’s value to heights it had never seen.

The metal has long been viewed as a priority investment in times of economic uncertainty and geopolitical conflict. With the United States seeking to balance trade, it has adopted an increasingly aggressive economic policy. Indeed, it has seen the beginnings of a trade war begin as gold is reaching record values this year.

BRICS Gold Buying Proving Smart as Trump Drives Value to New Heights

In late 2024, US President Donald Trump was clear in his intentions with the BRICS alliance. Specifically, he warned of impending 150% tariffs on the bloc if they continued to embrace de-dollarization efforts. What he wasn’t clear on was that a host of other nations would be subject to similar economic policies for reasons they had no way of being aware of.

That has thrown the global finance sector into a period of uncertainty and stagnation. However, it has led one asset to thrive and benefitted one interesting party. Indeed, the BRICS gold bet is paying off big in 2025 as the Trump tariffs are driving its value sky-high.

Gold has continued to shatter records throughout the year. It did so again this month, reaching a new landmark price of $3,035 per troy ounce. In early March, prices were already surpassing $2,980 per ounce, marking a 14% increase year-to-date.

That is set to benefit the economic bloc that Trump was looking to originally target with tariffs. Indeed, the BRICS economic alliance holds a collective 4,800 metric tons after a buying spree throughout 2024. The collective had sought the metal as a key hedge against the US dollar’s dominance.

In effect, gold was a key de-dollarization tool that the bloc is still utilizing to this day. Its presence allows the group to facilitate economic dealings outside of the greenback. 

Moreover, there are talks about the bloc welcoming a gold-backed stablecoin. Altogether, Trump’s economic policy may fuel the very de-dollarization efforts he was hoping to halt.

@ Newshounds News™
Source:  Watcher Guru

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New Isaac Post in his Telegram Room Link 

Isaac is in the process of redeeming bonds.

Keep checking for Isaac's post of VICTORY.  We will be posting here in The Dinar Recaps Blog too.  It is getting exciting!

The Seeds of Wisdom Team

@ Newshounds News™

~~~~~~~~~

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Seeds of Wisdom Team™ Website

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Seeds of Wisdom RV and Economic Updates Friday Morning 3-28-25

Good Morning Dinar Recaps,

XRP NEWS: CAN RIPPLE SELL TO INSTITUTIONAL INVESTORS AS SEC DROPS CASE? LEGAL ISSUES EXPLAINED

The U.S. SEC has officially dropped its appeal in the ongoing legal case with Ripple, bringing an end to a four-year legal battle. However, the SEC has yet to confirm the latest developments. There’s been a lot of talk about what will happen to XRP once the SEC clears the legal issues. Some experts think that when the SEC removes the injunction, Ripple will be able to sell XRP to institutional investors without any problems. However, Marc Fagel, a former SEC lawyer, explained why that’s not exactly true.

What Fagel Says About XRP Sales

Fagel pointed out that even if the SEC clears the injunction, the court’s original ruling still stands. The court had previously ruled that Ripple’s sales of XRP to institutional investors were against the law. This means that selling XRP in the same way as before would still be illegal, regardless of the injunction.

He explained that the issue is not just about specific contracts or agreements, but about how Ripple sold XRP to institutional investors. The court found that the way these sales were made made XRP an unregistered security, meaning any future sales made in a similar way could still be illegal.

Room for Legal Flexibility

Despite the legal concerns, Fagel mentioned that not all sales to institutional investors would require registration. Some sales might be allowed under special exemptions. It all depends on the details of the transactions and whether they are similar to the ones that were previously found illegal.

However, Fagel also pointed out that the SEC has been less focused on regulating the crypto market recently. This means that Ripple might not face strict consequences for its future sales of XRP, even if they are similar to previous ones.

What’s Next for Ripple and XRP?

As for Ripple, Fagel said the company’s legal team will need to carefully consider any future sales. If they follow the same pattern as the past sales, they could face legal issues. But since the SEC is less involved in crypto regulation now, Ripple may be able to move forward with fewer legal concerns.

Will Judge Torres Clarify the Ruling?

Some people asked if Judge Torres would provide more clarity on the past XRP sales to institutional investors. Fagel believes she probably won’t. The judge has already made her decision, and Ripple is likely to request that she remove the injunction entirely. The attorney thinks there’s little chance that the judge will change her ruling, as she was previously reluctant to make it more specific.

@ Newshounds News™
Source:  Coinpedia

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SOUTH CAROLINA DISMISSES ITS STAKING LAWSUIT AGAINST COINBASE, JOINING VERMONT

South Carolina has dismissed its lawsuit against Coinbase related to its staking services — joining Vermont in a move described by the firm as a victory for American consumers.

South Carolina has become the latest US state to dismiss its lawsuit against crypto exchange Coinbase over its staking services, which had accused the crypto exchange of offering unregistered securities.

The lawsuit was officially dismissed in a joint stipulation between the crypto exchange and the South Carolina Attorney General’s securities division on March 27.

“South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against Coinbase,” the firm’s chief legal officer, Paul Grewal, said in a March 27 X post.

“This is not just a victory for us, but for American consumers and we hope it's a sign of things to come in the few states left that restrict staking.”

South Carolina and Vermont were two of 10 US states that took legal action against Coinbase's staking services on June 6, 2023 — the same day that the federal securities regulator filed its lawsuit against the crypto exchange.

The Securities and Exchange Commission officially dismissed that lawsuit on Feb. 27, 2025.

The other eight US states that filed enforcement action similar to South Carolina were Alabama, California, Illinois, Kentucky, Maryland, New Jersey, Washington and Wisconsin.

Grewal said he hoped to see other states follow suit and that South Carolina residents lost an estimated $2 million in staking rewards as a result of the lawsuit.

“The 52 million Americans who own crypto deserve commonsense consumer protections and clear rules,” he said. “We applaud South Carolina for standing up for justice and hope the remaining states with bans on staking will take notice.”

South Carolina introduces Bitcoin reserve bill

Meanwhile, a state lawmaker has just introduced the “Strategic Digital Assets Reserve Act of South Carolina” on March 27, which could see the state treasurer allocate up to 10% of certain state funds to cryptocurrencies such as Bitcoin.

Unlike most US state crypto reserve bills, South Carolina’s House Bill 4256, introduced by Rep. Jordan Pace, mentioned Bitcoin on several occasions for the Strategic Digital Assets Reserve that the bill seeks to establish.

The bill allows South Carolina’s treasurer, currently Curtis Loftis, to establish a Bitcoin reserve that exceeds no more than 1 million Bitcoin — a high ceiling that the US federal government is also looking to reach or exceed with its recently established Strategic Bitcoin Reserve.

The treasurer would be able to add Bitcoin to South Carolina’s General Fund, the Budget Stabilization Reserve Fund any other investment fund that they manage.

While no mention of stablecoins, non-fungible tokens, Ether or any other crypto tokens was made, the House bill said the Strategic Digital Assets Reserve wouldn’t be limited to Bitcoin.

According to Bitcoin Law, 42 Bitcoin reserve bills have been introduced at the state level in 19 states, and 36 of those 42 bills remain live.

Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.

@ Newshounds News™
Source:  Cointelegraph

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“Tidbits From TNT” Friday Morning 3-28-2025

TNT:

Tishwash:  After salaries are paid, Erbil markets are crowded with shoppers before Eid al-Fitr (photos)

Erbil's markets are witnessing a brisk trade movement as Eid al-Fitr approaches. Demand for clothing, sweets, and gifts is on the rise, amid a noticeable recovery in sales, driven by several factors, most notably the start of salary distributions and commercial offers .

Ahmed Saeed, owner of a clothing store in Al-Qaysariyah Market, told Shafaq News Agency, "We are witnessing a greater turnout this year, especially after salaries were paid. Families come to buy Eid clothes, mainly for children, and there is a high demand for both traditional and modern clothing ."

As for Mohammed, a sweets shop owner, he confirms, “Demand for Klicha and oriental sweets has increased significantly. Every year, demand for sweets increases as Eid approaches, but this year there is more activity, especially since customers prefer to buy Klicha and pastries in large quantities .”

On a related note, some citizens believe that prices are relatively high. Umm Saifan, a housewife, told Shafaq News Agency, "Prices are slightly higher than last year, but we cannot ignore the children's joy of Eid. We are trying to take advantage of the offers and discounts to buy clothes for them, especially since salaries have been paid ."

For his part, Ali, a government employee, explained, "The disbursement of salaries has helped many shop more comfortably. Delays in some months of salaries have affected purchasing power, but now, with salaries being disbursed before Eid, things have become easier ."

A number of merchants confirm that "the last few days before Eid typically witness peak shopping, with some people preferring to buy their necessities at the last minute, after iftar  link

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Tishwash:  PM's Advisor: Iraq's Oil Exports to the US Increased by 110% in Two Years

The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed that Iraq's oil exports to the United States have increased by more than 110% in two years.

Salih told the Iraqi News Agency (INA): "Economic cooperation between Iraq and the United States extends to many diverse investment, trade, and economic fields. Economic cooperation between Iraq and the United States has witnessed remarkable developments in recent years."

He noted that "the volume of trade between the two countries has more than doubled over the past two years, with Iraq's oil exports to the United States increasing by more than 110%, and Iraq's imports from the United States increasing significantly over the past two years, with the value of this trade ranging between $9 and $10 billion."

He explained that "Iraq's imports were primarily in automobiles, transportation equipment, and engineering and electrical equipment. However, the trade balance remained in Iraq's favor, with a difference of $5.7 billion, reflecting the continued superiority of Iraqi exports to the United States, particularly in the crude oil sector." He noted that "economic cooperation between Iraq and the United States is developing, with a focus on enhancing trade exchange and supporting joint investment activities, serving the economic interests of both countries."

Salih stated that "financial and economic cooperation is part of a positive joint dialogue between the two countries. Since the beginning of this year, many mutual understandings have been reached in the field of economic cooperation, which are consistent with supporting stability and economic reforms outlined in the government's program, particularly the development of an attractive investment cooperation environment for investors between the two friendly countries, within the country's general economic policy to achieve sustainable development goals."  link

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Tishwash:  CBL introduces the new LD 5 banknote

The CBL has introduced the new LD5 denomination into circulation (Photo: CBL).

The Central Bank of Libya (CBL) announced yesterday the issuance of a new 5 dinar banknote bearing the signature of the new Governor Naji Issa.

The CBL said the new denomination will go into circulation along with the currently circulating issuances, starting today, Thursday, 27 March.‎

The LD note introduced on 20 March
It will be recalled that the CBL had announced on 20 March the issuance of a new 20-dinar polymer banknote (second issue) into circulation alongside the currently circulating issue.‎

On 20 January, the CBL had announced the issuance of new banknotes in the 5-, 10- and 20-dinars denominations in the coming weeks and months.

The LD 10 denomination was issued on 26 January. All the new denominations bear the signature of the new CBL Governor, Naji Issa. link

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MilitiaMan & Crew-Iraqi Dinar Reality-Approved International Instructions-Oil flow Turkey-USA-Support Sudani talk

MilitiaMan & Crew-Iraqi Dinar Reality-Approved International Instructions-Oil flow Turkey-USA-Support Sudani talk

3-27-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=JNB5RW6r4qo

Iraq Economic News and Points to Ponder Thursday Afternoon 3-26-25

Mr. Al-Hakim Assures The US Chargé d'Affaires: Iraq Is Capable Of Confronting All Security Challenges.

Time: 2025/03/27 Reading: 660 times   {Political: Al Furat News} The head of the National State Forces Alliance, Mr. Ammar al-Hakim, discussed with the Chargé d'Affaires of the United States Embassy in Baghdad, Daniel Rubinstein, developments in the local and regional situation and affairs in the region.

During the meeting, according to a statement from his office, a copy of which was received by {Euphrates News}, Mr. Al-Hakim expressed "his concern over the renewed aggression of the Israeli entity on Gaza, and we renewed our call to strengthen security and peace through dialogue and the prevalence of logic, while avoiding wars and their dangerous repercussions."

He stressed that "Iraq has pioneering experience in combating terrorism and is capable of confronting all security challenges. We also emphasized the importance of strengthening bilateral relations between the two countries in a way that serves the interests of both parties and preserves Iraq's sovereignty and independent decision-making."

Mr. Al-Hakim also pointed to the promising opportunities Iraq possesses in all fields, and we called on American companies to invest in these opportunities to enhance the partnership between the two countries, support the Iraqi economy, and contribute to the exchange of expertise. We affirmed Iraq's keenness to develop its relations with the international community and its openness to it.  LINK

 Al-Sudani's Advisor: Iraq's Revenues Are Stable Despite Global Challenges

Money and Business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, stated that global geopolitical fluctuations represent a complex factor that directly impacts energy markets, indicating that Iraq's public finances are hedged against price fluctuations in the oil market.

In an interview with the official newspaper, followed by Al-Eqtisad News, Saleh indicated that even the end of the Russian-Ukrainian war will not necessarily mean market stability. Rather, it will lead to what are called "peace economies," which focus on rebuilding damaged economies and increasing investment to compensate for lost opportunities.

He explained that "this phase will not lead to an economic recession, but rather to a recovery in global growth rates, which in turn will lead to increased demand for oil." He explained that "a 1% increase in global growth leads to a 0.5% increase in oil demand, which supports the stability of oil prices and reduces the downward trajectory of the oil asset cycle," expecting prices to return to "rise under the pressure of increased demand for energy."

Saleh added, "Even the United States, the world's leading crude oil producer, faces significant losses if oil prices fall below $70 per barrel, due to the high cost of shale oil production. As for Russia, the world's second-largest oil producer, it is not in its interest to sell its oil at low prices or at discounts that exceed international agreements within OPEC, especially if the Ukrainian war ends." Regarding Iraq's financial situation,

Saleh affirmed that "public finances are resilient to oil market fluctuations," noting that "the first quarter of 2025 is about to end without any financial disruptions, as fiscal policy continues to operate with high discipline to ensure the implementation of budget objectives, including securing salaries, pensions, and social welfare, in addition to continuing to implement service projects in accordance with the government program."

He pointed out that "the three-year federal budget law, issued pursuant to Law No. 13 of 2023, priced oil at approximately $70 per barrel, ensuring stable public revenues despite global economic challenges."   https://economy-news.net/content.php?id=53847

Oil Prices Stabilize After A Huge Drop In US Inventories

Energy   Economy News – Baghdad   Oil prices held steady on Thursday after U.S. crude inventories recorded their largest decline since December 2024, suggesting a potential supply shortage in the near term.

Brent crude was trading near $74 a barrel, after closing up 1.1% on Wednesday, while West Texas Intermediate fell below $70 a barrel.

US crude inventories fell by 3.34 million barrels last week, reaching their lowest level in a month, and gasoline inventories also declined, according to government data.

Oil prices have been rising since early March, as sanctions and tariffs imposed by US President Donald Trump have increased the likelihood of supply disruptions from producers such as Iran and Venezuela.

However, major oil trading companies, including Trafigura Group and Gunvor, remain pessimistic about crude oil prices for the remainder of the year, given the high supply, particularly from outside the OPEC+ alliance.

The alliance is also scheduled to begin restoring some of its shutdown production next month, the first in a series of planned increases.  This has prompted traders to buy bullish oil options to hedge against higher prices.   https://economy-news.net/content.php?id=53844

Iraq's Oil Exports Exceed 95 Million Barrels In February

Energy   Economy News – Baghdad  The Ministry of Oil announced today, Thursday, the total oil exports achieved for the month of February, which exceeded 95 million barrels of crude oil, according to statistics issued by the State Oil Marketing Organization (SOMO).

The Ministry stated in a statement received by “Al-Eqtisad News” that the total exports of crude oil amounted to (95) million, (148) thousand, and (167) barrels.

The statistics also indicated that the total quantities of crude oil exported for the month of February from the oil fields in central and southern Iraq amounted to (94) million and (375) thousand and (12) barrels.

The Ministry said, based on SOMO, that exports to Jordan amounted to (419) thousand and (846) barrels, and the quantities exported from the Qayyarah field amounted to (353) thousand and (309) barrels.

Thus, Iraq's oil exports declined by approximately 8 million barrels of crude oil in February, compared to January, when exports exceeded 103 million barrels of oil, according to SOMO statistics https://economy-news.net/content.php?id=53853

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Thursday Evening 3-27-25

Good Evening Dinar Recaps,

SENATE BANKING COMMITTEE DELAYS VOTE ON SEC CHAIR NOMINEE

The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission

Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via X. The former FOX Business reporter cited a Senate aide as the source of the news.  According to the aide, the committee will “not vote today on Atkins or the other nominees, as is typical practice.”

Instead, nominees will be required to submit written responses to committee questions ahead of a markup vote. A date for that vote has not yet been set.

Atkins’ nomination and the SEC’s shifting stance

Atkins, President Donald Trump’s pick to replace former SEC chair Gary Gensler, faced the Senate’s banking committee on March 27.

Lawmakers also held a confirmation hearing for Jonathan Gould, nominated to lead the Office of the Comptroller of the Currency.

Gensler’s time at the helm of the top securities watchdog in the US is mostly seen as negative and anti-crypto.

His regulation by enforcement action approach that saw SEC sue multiple crypto companies and launched investigations against several is one of the things the commission is looking to drop completely. Indeed, several cryptocurrencies rallied in the wake of the ex-SEC chair’s resignation.

Despite Gensler’s exit, regulation remains a top topic in crypto. Recent moves to withdraw lawsuits and end investigations suggests this is the case.

Facing questions from the banking committee, Atkins says the SEC under his leadership will be keen on regulatory clarity.

“A top priority of my chairmanship will be to work with my fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach,” he noted in a prepared testimony.

While the report is that the Senate is delaying a vote on his nomination, the anticipation around the crypto ecosystem is that his confirmation is just a matter of ‘when, not if’.

Until then, interim chair Mark Uyeda continues to point the SEC in what industry players say is the right direction

@ Newshounds News™
Source:  Crypto News

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JPMORGAN SEES YIELD-BEARING STABLECOINS GROWING FROM 6% TO 50% OF MARKET SHARE

▪️JPMorgan analysts forecast that yield-bearing stablecoins could rise from the current 6% to as much as 50% of the stablecoin market cap in the future.

▪️Yield-bearing stablecoins are attracting investors similarly to traditional money market funds, particularly in today’s high-interest-rate environment, the analysts said.

Yield-bearing stablecoins, including tokenized Treasurys, which offer interest returns similar to traditional financial products, could experience massive growth ahead, according to JPMorgan analysts.

Yield-bearing stablecoins currently make up just 6% of the total stablecoin market cap but could expand significantly, potentially capturing up to 50% of the market unless regulatory changes intervene, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou wrote in a report released Wednesday.

The top five yield-bearing stablecoins — Ethena's USDe, Sky Dollar's USDS, BlackRock's BUIDL, Usual Protocol's USD0 and Ondo Finance's USDY— have seen rapid growth since the U.S. election in November, rising from around $4 billion to over $13 billion in combined market cap, Panigirtzoglou told The Block.

According to analysts, this growth is expected to continue. They added that the U.S. Securities and Exchange Commission's recent approval of Figure Markets' application for a yield-bearing stablecoin, YLDS, which is registered as a security, provides further momentum to this segment.

Traditional stablecoins, such as Tether's USDT and Circle's USDC, do not share reserve yields with their users because doing so would classify these assets as securities, according to the analysts. 

Such a classification would also impose additional compliance requirements, hindering their current seamless use as collateral within the crypto ecosystem, they said.

Why yield-bearing stablecoins are on the rise

The JPMorgan analysts identified several factors driving the rapid growth of yield-bearing stablecoins.

First, investors prefer these assets because they offer interest without requiring holders to engage in risky trading or lending activities or give up custody of their assets.

Second, major crypto trading platforms such as Deribit and FalconX now accept tokenized Treasurys as collateral, enabling traders to earn yield on posted collateral.

Additionally, crypto investors are increasingly turning to tokenized Treasurys in decentralized finance (DeFi) to obtain higher yields, as typical DeFi yields have significantly decreased from their peak levels of 2022. Projects like Frax Finance are also adopting tokenized Treasurys as underlying assets, further fueling this growth.

Despite this positive outlook, the JPMorgan analysts noted barriers. Yield-bearing stablecoins are classified as securities, subjecting them to regulatory restrictions that limit their adoption, especially among retail investors. Moreover, traditional non-yield-bearing stablecoins continue to hold a notable liquidity advantage.

With a combined market cap of around $220 billion across multiple blockchains and centralized exchanges, traditional stablecoins offer efficient, fast and low-cost transactions, even at large volumes. In contrast, yield-bearing stablecoins are newer, smaller and comparatively less liquid.

However, "This liquidity disadvantage could potentially be lessened over time as yield-bearing stablecoins gain further traction in the future in crypto derivative trading as source of collateral, in DAO treasuries, liquidity pools, and idle cash with crypto venture funds," according to the analysts.

As a result, over time, yield-bearing stablecoins could attract much of the idle cash currently sitting in traditional stablecoins, the analysts said. While the exact amount of this idle cash is difficult to estimate, it's unlikely to represent the majority of the stablecoin market, according to the analysts.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-27-25

Good Afternoon Dinar Recaps,

U.S. CONGRESS ADVANCES STABLECOIN REGULATION WITH THE INTRODUCTION OF THE STABLE ACT

Lawmakers introduce a new framework that redefines stablecoin oversight by blending traditional financial controls with digital asset practices for clearer, accountable operations in a fast-evolving market.

▪️Establishes structured guidelines for digital token issuers that stress transparency and regular record-keeping.

▪️Emphasizes clear operational rules to promote accountability without stifling innovation.

▪️Paves the way for coordinated oversight, integrating crypto with conventional finance.

On March 26, 2025, U.S. lawmakers introduced the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act to advance stablecoin regulation and improve transparency for dollar-backed digital tokens.

The proposal outlines how dollar-backed stablecoins should be issued, with requirements focused on transparency and consumer protection.

Congress Pushes Stablecoin Regulation Forward with the STABLE Act

Introduced by Representatives Bryan Steil and French Hill, the STABLE Act forms part of a broader push to build a consistent regulatory structure for cryptocurrency markets.

Stablecoin issuers would need to follow financial rules and maintain clear records under the STABLE Act.

Representative Hill said the bill helps clarify financial rules and protects both consumers and the financial system.

After gaining bipartisan Senate support, the bill passed through the Banking Committee and is now under review on the Senate floor.

Representative Tom Emmer, who has long supported crypto legislation, noted that although the House and Senate bills differ in some areas, lawmakers expect to reconcile those versions as the process moves ahead.

While the Senate continues deliberations, the House is refining its version of the bill.

To move the legislation forward, the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing titled “A Golden Age of Digital Assets: Charting a Path Forward.”

This discussion focused on strengthening the bill’s foundation before a full House vote.

During the White House crypto summit on March 7, President Donald Trump encouraged lawmakers to pass stablecoin legislation before the August 2025 recess.

Still, that timeline may prove difficult due to divisions between crypto industry leaders and banks over key aspects of the bill’s language.

In parallel, Emmer has reintroduced the Securities Clarity Act, a separate measure that would define how crypto assets are treated under existing securities law.

Co-sponsored by Representative Darren Soto, the bill reflects ongoing efforts to give the digital asset industry regulatory certainty.

STABLE Act and GENIUS Act Propose Different Paths for Stablecoin Regulation

The U.S. Senate Banking Committee recently advanced another stablecoin bill: the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

Unlike the STABLE Act, which outlines broad federal rules for stablecoin issuers, the GENIUS Act centers on defining payment stablecoins as digital tokens pegged to a fixed value and used for transactions.

This approach would divide oversight between federal and state regulators, depending on the size and scope of the issuer.

Under the GENIUS Act, issuers managing more than $10 billion in stablecoins would fall under federal regulation. Smaller players could remain under state oversight unless they apply for a federal waiver.

The growing debate over stablecoin regulation highlights the need for consistent rules across federal and state agencies.

Gold-Backed Tokens Add Complexity to Stablecoin Regulation

As stablecoin regulation evolves, some industry figures suggest gold-backed stablecoins could see broader global use than those tied to the U.S. dollar.

Bitcoin advocate Max Keiser has argued that countries with strained ties to the U.S. often view gold as more stable than the dollar.

A recent example is Tether’s Alloy (aUSD₮), launched in June 2024. This stablecoin is backed by Tether Gold (XAU₮) instead of fiat reserves.

Some believe gold-backed stablecoins may gain traction in countries with less trust in the U.S. dollar.

From Experiment to Infrastructure

What began as a workaround to traditional banking is now being treated as financial infrastructure.

The STABLE Act’s requirements signal that the era of informal issuance is closing, while the GENIUS Act offers a looser framework for limited use.

Either path will impose real consequences on stablecoin providers.

For users and institutions, it’s time to start treating stablecoins not as novelties, but as instruments subject to the same scrutiny as any other financial product.

@ Newshounds News™
Source:  CryptoNews

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TRUMP HITS FOREIGN CARS WITH 25% TARIFF – INDUSTRY BRACES FOR IMPACT

▪️President Trump announced a 25% tariff on non-U.S. manufactured cars, aiming to boost domestic production.

▪️The tariffs, effective April 3rd, exclude U.S.-made cars and USMCA-compliant parts, but face international criticism and market volatility concerns.

▪️This move is part of Trump's broader trade strategy, including "reciprocal" taxes, and is expected to impact car prices.

According to a latest Bloomberg report, President Donald Trump has announced a 25% tariff on all cars made outside the United States, a move he says will strengthen American manufacturing and bring jobs back home. The new policy, set to take effect on April 3, is one of the most aggressive trade measures targeting the auto industry in years.

Cars built in the U.S. will be exempt, along with certain auto parts that comply with the U.S.-Mexico-Canada Agreement (USMCA). But for foreign automakers and consumers, this decision could mean higher prices, shifting supply chains, and major industry shake-ups.

“What we’re going to be doing is a 25 per cent tariff on all cars that are not made in the United States. This will be permanent,” Trump said from the Oval Office. “We start off with a 2.5 per cent base, which is what we’re at, and go to 25 per cent.”

So, will this plan jumpstart American manufacturing, or will it drive up costs and disrupt the market? Here’s a closer look at what the new tariff means for businesses, consumers, and the economy.

A Jump in Import Tariffs

Currently, imported cars face a 2.5% tariff. Under the new rule, that figure will jump to 25%. The tariff will apply to fully assembled vehicles as well as key components like engines, transmissions, powertrain parts, and electrical systems. However, parts produced in the U.S. will remain exempt, even if the final vehicle is assembled elsewhere. The list of affected items could expand over time.

Economic Strategy or Market Disruption?

Trump believes the tariff will reduce reliance on foreign supply chains, particularly those involving Canada and Mexico, and will help lower U.S. debt. He called the current trade system “ridiculous” and argued that this new approach will simplify trade while benefiting American workers.

The decision has raised concerns about potential market instability. Trump also clarified that Tesla CEO Elon Musk was not involved in shaping the policy, despite earlier speculation that such tariffs could be neutral or even beneficial for Tesla.

Criticism from Global Leaders

The announcement has drawn criticism from international leaders. European Commission President Ursula von der Leyen called the move “bad for businesses, worse for consumers.” Canada’s Prime Minister Mark Carney also voiced strong opposition, vowing to protect Canadian workers and industries.

The stock market reacted quickly, with shares of U.S.-listed automakers dropping amid concerns that the tariffs could disrupt the global auto industry. Experts warn that higher costs for imported parts could lead to more expensive cars, fewer options for consumers, and job losses in manufacturing.

Could This Policy Drive Up Inflation?

Economists warn that the new tariffs could contribute to inflation. Trump was re-elected last year partly because voters believed he could bring down prices. If car prices rise significantly, it could create political challenges for his administration.

This tariff is part of Trump’s broader trade agenda. On April 2, a separate “reciprocal tax” policy will take effect, matching the tariffs and sales taxes that other countries impose on American goods. The administration says this is part of a long-term strategy to rebalance global trade in favor of the United States.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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