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As Donald Trump eyes a dramatic economic overhaul, his proposed tariff regime stands at odds with the core tenets of free-market economics. Cutting Income Tax is Good, But Tariffs? Libertarians Disagree Donald Trump’s return to the presidency brings a bold agenda: funding government through tariffs and cutting excessive spending, and perhaps even hold bitcoin as … Read more
Joseph Stiglitz has referred to the possible effects of a hypothetical victory by Donald Trump in the upcoming U.S. presidential election. The Nobel laureate specified that Trump’s threats to raise China’s import tariffs and his radical “zero-sum” view of the world could result in a fundamental shift in the current U.S. economy. Nobel Laureate Joseph … Read more
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that … Read more
In a recent interview with Bloomberg Businessweek, former President Donald Trump outlined his economic vision, touching on topics such as taxation, tariffs, Federal Reserve Chair Jerome Powell, and cryptocurrency. Trump’s views and plans reflect his signature approach to economic policy, emphasizing deregulation and protectionism. Trump Outlines Economic Vision in Bloomberg Interview, Emphasizes Deregulation and Tariffs … Read more
On Wednesday, billionaire investor Mark Cuban shared on X about Silicon Valley’s growing backing for former President Trump, labeling it a “bitcoin play.” He argued that reduced tax rates and tariffs are likely to boost bitcoin prices. Mark Cuban Calls Silicon Valley’s Support for Trump a ‘Bitcoin Play’ Mark Cuban took to X to address … Read more
U.S. presidential candidate and former 45th President Donald Trump has been proposing the idea of eliminating the country’s income tax and substituting it with tariffs. Trump Discusses Tariff-Based Revenue System With Republican Lawmakers On June 13, Donald Trump met with Republican lawmakers in Washington and reportedly discussed abolishing income tax. According to sources from several … Read more
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks. … Read more
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution … Read more
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms … Read more
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed … Read more
