The President of the United States, Donald Trump, announced that the new customs tariffs came into effect Wednesday night according to the country’s time. The statement was communicated to the public via a post made just minutes before midnight on Truth Social, the social media platform owned by Trump. However, Trump did not provide any details on which products or countries these new tariffs would cover. It was stated that the decision on customs duties aims to protect the U.S. economy from foreign competition.

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📌Fed member Kashkari:
•It may still be appropriate to start adjusting the policy interest rate in the near term.
•The economy is slowing down.
•The impact of tariffs on inflation is not yet clear.

Ethereum developers led by Vitalik Buterin aim to simplify network fees in their new proposal called EIP-7999.
A cap limit will be set instead of elements such as transaction capacity, data size, and computing power in network fees.

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