According to Crypto Rover (@rovercrc), India has announced the removal of tariffs on pharmaceuticals, steel, and auto part imports from the United States, effective immediately (source: Twitter, May 5, 2025). This policy shift is expected to boost trade volumes and increase cross-border transactions, potentially impacting related crypto payment solutions as businesses seek faster, more efficient settlement options for international trade. Traders should watch for increased demand in blockchain-enabled supply chain tokens and stablecoins as corporations may leverage these digital assets to streamline payments and hedging strategies in response to the new trade landscape.

According to The Kobeissi Letter, the recent surge in the trade deficit is closely tied to exponential increases in imports of industrial supplies such as oil, LNG, gold, and steel. This trend has significant implications for traders anticipating a prolonged trade war, as producers are currently experiencing heightened levels of concern, impacting market stability.

According to The Kobeissi Letter, Canada has announced 25% retaliatory tariffs on $21 billion worth of U.S. goods. This action follows just 10 hours after the U.S. implemented 25% tariffs on Canadian steel and aluminum, indicating a rapid escalation in trade tensions between the two nations.

According to The Kobeissi Letter, Canada has imposed 25% retaliatory tariffs on $21 billion worth of U.S. goods. This action follows just 10 hours after the U.S. implemented 25% tariffs on Canadian steel and aluminum, indicating a rapid escalation in trade tensions between the two nations.

According to The Kobeissi Letter, President Trump is set to announce new reciprocal tariffs on Tuesday or Wednesday, which are expected to take effect almost immediately. Additionally, a 25% tariff on aluminum and steel will be announced on Monday. These announcements are poised to impact commodity markets significantly, particularly for traders involved in metals and industries dependent on these materials.