US trading partners scramble to avert tariffs as Trump’s ‘Liberation Day’ looms

Source Cryptopolitan

Countries hit by new US tariffs are scrambling to negotiate exemptions and make trade concessions ahead of President Donald Trump’s “Liberation Day” announcement on April 2.

The action, meant to counter levies on American products, has sparked a flurry of diplomacy by major US trading partners. Governments across Europe, Asia, and North America are scrambling to issue last-minute measures to avoid once-unthinkable economic pain.

The European Union has contacted the United States to avert tough trade action. EU trade chief Maros Sefcovic is set to meet with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington on Tuesday.

However, divisions remain within the EU over how to respond. While France advocates for a firm stance against US pressure, Italy is concerned that escalating tensions could harm its economy.

India is also pursuing a diplomatic channel to obtain an exception from Trump’s “reciprocal tariffs.” This week, a senior US delegation, led by the Assistant Trade Representative for South and Central Asia, Brendan Lynch, is scheduled to visit India

Talks will centre on a possible bilateral trade agreement, with India keen to persuade US officials that its policies do not unfairly disadvantage American firms.

Governments worldwide make trade concessions amid growing tariff pressure

Governments worldwide are scrambling to find ways to placate the US and avert an economic hit from new tariffs, the latest salvo in an escalating trade conflict. 

The UK is considering reducing or repealing its digital services tax before April 2. The tax has drawn ire from the US, which claims it targets US tech behemoths like Google and Amazon.

Meanwhile, Malaysia is adjusting its stance on semiconductor exports after US concerns over potential shipments of Nvidia chips to China. The move is an effort to soothe Washington’s fears about China’s expanding technological might.

Under pressure from US tariffs, Canada is enacting emergency economic measures. The Prime Minister, Mark Carney, has announced temporary tax relief for businesses, such as deferring corporate income and consumption tax payments. These actions aim to protect Canadian companies from the cost of a potential trade conflict with the US.

Trump’s aggressive trade policies are causing many nations to rethink their international relationships. Spain, while maintaining strong trade ties with the US, is also expanding its economic outreach.

Prime Minister Pedro Sanchez plans to visit China next month to meet with President Xi Jinping. He will also visit Vietnam, a sign of a broader push for Asian economic relations.

Different leaders worldwide take bold steps to confront economic uncertainty

Financial leaders around the globe say that a trade war could slow economic growth and raise inflation. Despite this, stock markets in Asia, Europe, and the US gained on Monday, though there was an element of caution attached.

China is bracing for economic disruptions as it expects more trade curbs. Premier Li Qiang had cautioned that Trump’s tariffs could cause “shocks that exceed expectations.” In remarks at the China Development Forum in Beijing, Li urged countries to expand their markets and step up cooperation to respond to economic uncertainty.

Meanwhile, the US trade talks with China are ongoing. The US trade representative, Jamieson Greer, is scheduled on Thursday to hold his first phone call with his Chinese counterpart as both sides scramble to control the tensions.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
U.S. November Nonfarm Payrolls: What Does the Rare "Weak Jobs, Strong Economy" Mix Mean for U.S. Equities?1. IntroductionAfter retreating from the late-October highs, U.S. equities embarked on a bottoming rebound in mid-to-late November, a trend driven by the interplay of multiple factors. That said, it i
Author  TradingKey
12 hours ago
1. IntroductionAfter retreating from the late-October highs, U.S. equities embarked on a bottoming rebound in mid-to-late November, a trend driven by the interplay of multiple factors. That said, it i
placeholder
Senate Delays Crypto Market Structure Hearings to Early 2026The Senate Banking Committee has postponed cryptocurrency market structure hearings until 2026, citing ongoing bipartisan negotiations.
Author  Mitrade
17 hours ago
The Senate Banking Committee has postponed cryptocurrency market structure hearings until 2026, citing ongoing bipartisan negotiations.
placeholder
Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000(h3) BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area(h3) If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear(h3) The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish(h3) The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.
Author  Mitrade
20 hours ago
Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000(h3) BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area(h3) If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear(h3) The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish(h3) The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.
placeholder
AUD/USD remains depressed below mid-0.6600s; downside seems limited ahead of US NFP reportThe AUD/USD pair attracts some sellers for the fourth straight day on Tuesday and trades around the 0.6630 region, down just over 0.10%, during the Asian session.
Author  FXStreet
21 hours ago
The AUD/USD pair attracts some sellers for the fourth straight day on Tuesday and trades around the 0.6630 region, down just over 0.10%, during the Asian session.
placeholder
Macro Analysts: Hawkish Japan Could Push Bitcoin Below $70KAnalysts predict Bitcoin may face further declines towards the $70,000 mark if the Bank of Japan raises interest rates as expected.
Author  Mitrade
Yesterday 05: 48
Analysts predict Bitcoin may face further declines towards the $70,000 mark if the Bank of Japan raises interest rates as expected.
goTop
quote