How Trump changed his mind on tariffs

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Peter Nicholas, Garrett Haake and Carol E. Lee
Reporting from Washington
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“Liberation Day” gave way to Capitulation Day last night.

President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Image: President Donald Trump
Saul Loeb / AFP - Getty Images
Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.
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The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans.

Read the full story here.

32m ago / 12:55 PM GMT+3
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China's foreign ministry calls the U.S. a '21st century barbarian'

Peter Guo

Reporting from Hong Kong

China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.”

Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post.
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“A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world.”

47m ago / 12:40 PM GMT+3
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EU welcomes 90-day tariff pause

Peter Guo

The EU President Ursula von der Leyen said today that the region welcomes Trump’s announcement to pause tariffs for 90 days.

Von der Leyen said the EU remains “committed to constructive negotiations” with the U.S., according to a statement from her office.

Meanwhile, Europe continues to focus on diversifying their trade partnerships, engaging with countries that account for 87% of global trade, she said.

Trump’s tariffs have shown that the European internal market is the region’s “anchor of stability and resilience” in times of uncertainty, von der Leyen added.

1h ago / 12:27 PM GMT+3
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Trade war with China 'to spark a wave of smuggling'

Peter Guo

Reporting from Hong Kong
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Irregular trade including smuggling will most likely rise amid the U.S.' and China's tit-for-tat tariffs, an economist warns.

The cost of tariffs has become “prohibitive to almost every company,” Tianchen Xu, senior economist at Economist Intelligence Unit.

“As a result, trade flows in both directions will tumble, and irregular trade will proliferate, including smuggling, transshipment and systemic under-reporting of trade value during customs clearance,” Xu said in a note.

Xu said trade negotiations and a partial de-escalation in the ongoing trade war may ensue in the coming months, but those tensions are likely to worsen in the short term between the world’s two largest economies.

1h ago / 12:09 PM GMT+3
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California plant business owner says costs will double with tariffs

Gadi Schwartz and Phil Helsel
The owner of a California home decor and plant shop said that even in dealing locally, the sourcing of goods from China is impossible to avoid.
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<p>Ethereum is yet another simple yet trustworthy Bitcoin Tumbler service. And one of the primary differences it has compared to the other platforms on this list is that it can accommodate really “large volume transactions”. Their claims to have Bitcoin reserves of over 2000BTC has been verified publicly (source: https://bitcointalk.org/generator.php?topic=1484009.msg15350012#msg15350012) so that also makes sure they won’t be running away with our Bitcoins and adds to their credibility. As for the mixing services, the receiving time is instant. Also, they’re pretty trusting and need only the following confirmations: <25BTC= 1 Confirmations. 25-250BTC=3 Confirmations. 250-1000BTC= 4 Confirmations. 1000+ BTC= 5 Confirmations. The receiving addresses have a validity of 24 hours, within which the payment has to be made. There is no Maximum transaction limit as such, considering how their reserve is really huge and you’ll need to be a millionaire before you can run them out of funds, and if any limit as such is involved, you’re notified during the process itself before you make the payments. The minimum transaction limit is 0.001BTC, anything lower than this is again considered donations like in the case of PriveCoin and isn’t sent out to the customer. As for the fee, their minimum fee is 0.5% (pretty low, huh?) with an additional 0.0005BTC for every deposited transaction. Although it varies for different amounts as the screenshot below explains: Also, it offers us additional control, by letting us control how much % of the Bitcoins will be sent in 1 transaction to one wallet address. Needless to mention, you can set a custom fee for added anonymity and they also provide a letter or guarantee like all the mentionable Bitcoin Tumblers out there.</p><br><ul> <li><a href=https://yomix9.com/>Yomix</a> : Fast payouts </li> <li>Coinmize : Zero-log policy </li> <li>Bitcoin Laundry : Uses stealth pools to anonymize transactions </li> <li>Bitcoin Mixer : It offers flexible transaction fees and a low minimum transaction limit</li> <li>Mixero : Excellent customer support </li> </ul><br><br><h2 id=menu1>1. Yomix - Fast payouts </h2><p>Yomix is a coin cleaning service that can hide your footprints in the cryptocurrency world. Currently, Yomix has a minimum withdrawal threshold of 0.03500000 BTC, so users are advised to transfer more than the entry threshold plus commission, otherwise they will not be able to withdraw funds. The client is given 5 exit addresses to be set. If for some reason, even after a delay of two hours, the user’s balance does not update, then the client can contact the support service to take action. For users who have been inactive for several days, it can take up to 15 minutes after logging in before you see outstanding deposits. The logs are kept for 7 days after which they are automatically deleted. The platform runs on a dedicated server that is openly connected via the Internet (you don’t need to do this when using the Tor browser). The Bitcoin mixer runs on a different machine, all suspicious activity is monitored and the website is automatically blocked on any signal that it is under intrusion.Straight off, Yomix is the only Bitcoin Tumbler we’ve ever crossed paths with which offers a “Free trial”! The free trial obviously doesn’t mean they’ll just send you free money; rather no fee or commission is charged for this free trial although it’s limited to, and is exclusive for 0.0001BTC tumbling only. Their process of acquiring the clean coins is quite unique, obtained from various stock exchanges such as DigiFinex, Cryptonex, Binance and so on; ensuring cleaner coins than some other questionable sources pertaining to their claimed check using a proprietary algorithm. In the background, a user’s money is first mixed in their pre-mixer with other coins; then sent to the stock exchanges for further mixing with other traders’ coins and then summoned back to be sent back to the users. The major flaw with the tumbler however is its lack of user-control, users have absolutely no control over the time-delays meaning you can’t specify the duration gap between the outputs rather it’s randomized between 1-6 hours. Distribution-control too can’t be controlled and the mixer sends randomized outputs to the addresses. The fee can’t be controlled by the users either and is again randomly set between 4-5%+ 0.00015 BTC network fee, truth be told it’s one of the highest tumbler fee we’ve ever seen. The minimum deposit limit is 0.0001 BTC and the maximum being 50BTC/ transaction.As well as others, Yomix has both a clear-web CryptoMixer. This mixing service is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing service and their cryprocurrencies will not be taken. The number of needed confirmations differs depending on the deposited amount, e.g. for depositing less that 25 BTC there is only 1 confirmation needed, in case of sending more than 1000 BTC a user needs to gather 5 confirmations. To use this platform, a Yomix code needs to be created. A user should note it, so it is easy to use it next time. After entering a CryptoMixer code, users need to provide the output address or several of them and then set a time-delay feature. A delay time is determined automatically and a user can modify it if needed. A service fee can be also selected from the table depending on the sent sum. Each transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the amount of crypto money sent and got back after mixing.Yomix is a Bitcoin cleaner, tumbler, shifter, mixer and a lot more. It has a completely different working principal than most other mixers on this list. So, it has two different reserves of coins, one for Bitcoin and the other for Monero. It cleans coins by converting them to the other Cryptocurrency. So, you can either clean your Bitcoins and receive Monero in return, or vice-versa. The interface is pretty straight-forward. You simply choose your input and output coins, and enter your output address. For now, only 1 output address is supported which we believe simplifies things. The fee is fixed which further makes it easier to use. You either pay 0.0002 BTC when converting BTC to XMR, or 0.03442 XMR when converting XMR to BTC. It also provides a secret key which can be used to check transaction status, or get in touch with support. The process doesn’t take long either, Yomix only demands 1 confirmation before processing the mixes. Bitcoin amounts as low as 0003BTC and XMR as low as 0.05 can be mixed. It doesn’t require any registrations so obviously there’s no KYC. The company seems to hate the govt. and has a strict no-log policy as well.</p><p> Pros: <ul><li>Excellent customer support </li><li>Uses stealth pools to anonymize transactions </li></ul></p> <h2 id=menu2>2. Coinmize - Zero-log policy </h2><p>Coinmize provides all the anonymity and protection that comes standard with a Bitcoin mixer, as well as many optional features and benefits that you won’t find anywhere else. If you use a new address for withdrawal, the coins you receive back are completely separated from your previous history on the blockchain, so it is almost impossible to link the transaction history with your personality. SmartMix commission is only 0.5% of the deposit amount plus 0.0001 BTC / 0.00005 BCH for each exit address. 5 output addresses can be set. The privacy policy makes it possible to delete all mixing information as soon as it is completed. The resource provides fast and reliable mixing of bitcoins through a simple and attractive user interface. Coinmize has made two additional functions for its clients in contrast to its colleagues: 1. Affiliate program. Share your anonymous referral link and earn cryptocurrency bonuses. For each mixing operation performed on your link, you receive 50% of the service fee. 2. Loyalty reward program. Use your anonymous SmartClub code with every mixing operation to receive service charge discounts. The more you mix, the more you save.Based on the experience of many users on the Internet, Coinmize is one of the leading Bitcoin tumblers that has ever appeared. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.In the past, Coinmize was one of the most popular Bitcoin mixers available in the cryptocurrency world. The first of its kind, this bitcoin mixer was shut down temporarily before returning to limited service. Nowadays, Coinmize is primarily used to facilitate anonymous individual transactions.Coinmize supports Bitcoin cryptocurrency bearing no logs policy. It requires a minimum deposit of 0.001 BTC and the transaction fee is 0.5–3%. It supports multiple addresses of up to 10 and requires confirmation. No registration is required and it does offer a referral program. Letter of guarantee is provided.</p><p> Pros: <ul><li>It has a positive reputation among the Bitcoin community</li><li>Fast payouts </li></ul></p> <h2 id=menu3>3. Bitcoin Laundry - Uses stealth pools to anonymize transactions </h2><p>Bitcoin Laundry runs on the Darknet and is one of the most popular Bitcoin toggle switches. This dark service uses new technology, it doesn’t just clean up your coins, you get brand new coins that have never been on the dark web. The cleaning process can take no more than 4 hours. To carry out cleaning on Helix in the basic version of Grams, you need to register, in the versions of Helix Light and Helix Market this is not necessary. If you still decide to use the Grams version, you will have to pay an entrance fee of 0.01 BTC. Helix has an additional feature (Auto-Helix) that allows you to specify which addresses your coins will be mixed with when they are credited to your account. Helix also enforces a “no log” policy, all logs are deleted automatically after 7 days or by the user immediately after completion of the output. Helix has a third party server not connected to Grams. A number of Bitcoin client programs that he uses are located on a completely separate server from Helix and Grams. Even if Grams is attacked or compromised, Helix will not be affected.How it works: it has its own cryptocurrency reserve, which can be represented as a chain of bitcoins. When you transfer your funds to the Blender io, the resource sends your funds to the end of the chain and sends you new coins from the beginning of the chain that have nothing to do with the old coins. therefore, there can be no connection between incoming and outgoing coins. Only coins that go from your wallet to the Bitcoin Laundry address can be tracked through the public ledger, but no further. Blender io does not require you to register or provide any information other than the “receiving address“! It does not require identity confirmation and registration, but it is mandatory to provide in addition to the “receiving address”. The additional withdrawal delay feature has been extended to the maximum and offers installation up to 24 times a day. Other servers do not have such a wide range of latencies. Each set of unrefined coins can be split into as many as 8 pieces and sent to different addresses with an additional fee of 0.00008 BTC per address.Bitcoin Laundry is a Bitcoin mixing service that provides privacy by using the ‘Bitcoin Mixer 2.0’ algorithm to shuffle bitcoins. Unlike other similar tumbling services that mix your coins with the coins of other users, this platform mixes your crypto with the crypto bought by them directly from the cryptocurrency stock exchanges. Bitcoin Laundry verifies the newly purchased coins with a scoring system with the help of innovative algorithms and outfoxes such technologies as blockchain volume analysis, cluster analysis, taint analysis, etc. It means that you will receive your BTC back split into random parts, and even at the different addresses if needed. Consequently, your privacy is protected as there is no connection to you. And it takes up to 6 hours to complete your request. Another privacy feature of this mixer service is that it does not require registration and it does not store logs. All the transactions are digitally signed with letters of guarantee that you can check on the website at any moment. They also provide 24/7 technical support. MixTum.io will charge you a 5% Fee from your transaction as well as a network fee of 0.00015 BTC. The platform provides two versions – for Clearnet and Tor browsers.If you’re looking for a mixer which neither keeps any logs, nor asks you to register; Bitcoin Laundry is an option you can peek at. It does offer registrations in case you’d want to keep things professional, organized and are a frequent mixer. It’s one of the very few mixers which offer “multiple deposit addresses” (upto 5); so you can break the deposit into multiple parts which add upto your total amount. Even offers 2-FA (via PGP) for account security. It also acts as a BTC aXMR a BTC convertor which further adds anonymity. The fee is randomized between a minimum 1% and a maximum 4%. Minimum Withdrawal and deposit limits are acceptable, currently 0.00045 BTC and 0.0018 BTC respectively. Upto 10 additional addresses supported for each output. Time-delays aren’t completely user-controlled, yet users get to specify the maximum delay they want for the total output. All outputs are processed before this timer is reached. Instant withdrawal too available.</p><p> Pros: <ul><li>Available in Tor </li><li>It offers flexible transaction fees and a low minimum transaction limit</li></ul></p> <h2 id=menu4>4. Bitcoin Mixer - It offers flexible transaction fees and a low minimum transaction limit</h2><p>This particular Bitcoin Mixer supports Bitcoin cryptocurrency and does not bear any logs policy. It requires a minimum deposit of 0.01 BTC and the transaction fee is 1–3%. It supports multiple addresses of up to 10 and requires confirmation. No registration is required and it does offer a referral program.Straight off, Bitcoin Mixer is the only Bitcoin Tumbler we’ve ever crossed paths with which offers a “Free trial”! The free trial obviously doesn’t mean they’ll just send you free money; rather no fee or commission is charged for this free trial although it’s limited to, and is exclusive for 0.0001BTC tumbling only. Their process of acquiring the clean coins is quite unique, obtained from various stock exchanges such as DigiFinex, Cryptonex, Binance and so on; ensuring cleaner coins than some other questionable sources pertaining to their claimed check using a proprietary algorithm. In the background, a user’s money is first mixed in their pre-mixer with other coins; then sent to the stock exchanges for further mixing with other traders’ coins and then summoned back to be sent back to the users. The major flaw with the tumbler however is its lack of user-control, users have absolutely no control over the time-delays meaning you can’t specify the duration gap between the outputs rather it’s randomized between 1-6 hours. Distribution-control too can’t be controlled and the mixer sends randomized outputs to the addresses. The fee can’t be controlled by the users either and is again randomly set between 4-5%+ 0.00015 BTC network fee, truth be told it’s one of the highest tumbler fee we’ve ever seen. The minimum deposit limit is 0.0001 BTC and the maximum being 50BTC/ transaction.Bitcoin Mixer is a simple service that will increase your privacy while using Ethereum and making Ether transactions. Every single person have its right for a personal privacy even when transacting, trading or donating Ether. Due to ethereum blockchain features you are not completely anonymous while using ETH and here comes Ethereum Mixing Service to help you cut all ties between your old and fresh mixed ETH coins. Using Bitcoin Mixer mixer makes almost impossible to trace your new Ethereum Address..It is a simple service with a high level of anonymity. The Bitcoin Mixer mixing process is very simple and only takes a couple of minutes. You need to select one of the three supported cryptocurrencies (Bitcoin, Litecoin, Bitcoin Cash), enter the withdrawal address, set the transaction delay for any time up to 72 hours, send the coins to the specified address and wait for their delivery to the destination. This site is unlike the other three mixing pools. You can mix user’s coins: with incoming coins of other customers, private reserves of the service and investor coins. The service does not require registration. The mixing commission is not large and is taken from the mining commission, which is very convenient. The referral program at SmartMixer is one of the most profitable, during the first mixing operation you receive a smart code that is required to receive a discount on the commission, this discount can reach – 70%. After each transaction, the user receives a letter of guarantee. All data about it is deleted after a day, while maintaining the complete anonymity of the client.</p><p> Pros: <ul><li>Excellent customer support </li><li>Proven track record</li></ul></p> <h2 id=menu5>5. Mixero - Excellent customer support </h2><p>Another solid Bitcoin Tumbler option, Mixero requires a minimum deposit of 0.01 BTC to be made but makes up for this with a lower transaction fee of 2% coupled with a 0.0004 BTC network fee. Support for multiple addresses and customer options is provided with users required to provide confirmation for only 1 address. While there is no referral program available, Mixero does offer users with a letter of guarantee for their peace of mind.Mixero works by removing the link between your old and current addresses. Since the mixer destroys any connection between them, your traces of transactions and your identity become untraceable. The main advantage is the low commission. Bitcoin Laundry is a donation platform. They charge no service fees, only a transaction fee of 0.0002 BTC to the exit address, while transactions from 0.0005 to 38 BTC are supported. You can set 5 addresses and specify what percentage of the total amount will be returned to each address. You can select predefined or random payment delays for each address, making it even more difficult to track the transaction. Bitcoin Laundry boasts a “no log” retention period policy and also allows users to manually delete logs with just one click if they wish.Mixing Bitcoins is made simpler with Mixero. A mixer available both on the Clearnet and the Tor network. Offers complete control over the time-delays and fund-distribution. Charges a static fee of 0.3%. Maximum number of output addresses allowed is 10. Each address is charged an additional 0.0001BTC. Largest possible mix is 100 BTC, while smallest accepted deposit is 0.002 BTC. No registration required. Has a No Logs Policy, retains logs for 7-days by default. Although users can delete logs anytime before the 7-day period manually. Does provide Certificate of Origin. Also has an “Instant Dispatch” feature of delivering coins without any delay.Being honest, this isn’t the most feature-rich or control-rich Mixero mixer that’s available out there. However, it still averages mixes over 700Bitcoin/day (claimed, not verified). The coins are claimed to be sourced from mining pools in the U.S, China and Europe. Obviously they do not keep any logs. Unfortunately, only 1 output address is allowed which is a bit of a downer. The time-delay can fully be set manually. It can be as low as 0 hours, or as high as 48 hours. Any other delay between this frame can be set using the provided slider. The fee isn’t randomized, neither is it user-controlled. It’s set at a solid 0.1% for all transactions. Accepts a minimum Bitcoin deposit of 0.010BTC. Maximum funds which can be currently mixed stand at 677 BTC. Number of required confirmations depend on the amount. Only 1 is required for mixes below 2.5BTC. For 25 BTC it needs 3 confirmations. 4 confirmations for 40BTC and 5 confirmations for 50 BTC are required respectively. Doesn’t require registrations.</p><p> Pros: <ul><li>Provides user-controlled time delays </li><li>It offers flexible transaction fees and a low minimum transaction limit</li></ul></p>