🇺🇸 Breaking News: New report shows that the deficit reduction benefits from Trump’s tariffs will be less than originally estimated, by about $1 trillion.
🔖 What happened:
▸ Tariffs revenue not as large as previously estimated
▸ Deficit reduction not as high as the government expected
✔️ Why it matters:
▸ Continued high deficits could put pressure on bond yields and USD liquidity
▸ Could force the Fed to consider whether to cut interest rates
▸ Economic signals could weigh on risk assets, especially crypto
📊 Market signals: Neutral → Bearish🔽 (for USD & Macro stability)
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