ChainCatcher news, according to Jinshi reports, Goldman Sachs warns that Trump's global trade war could undo much of the progress made in the fight against inflation. In a report to clients on Wednesday, Goldman Sachs stated that due to the harmful combination of high tariffs and a weakening dollar, key inflation indicators are expected to surge in the coming months. The core inflation rate (excluding food and energy) is currently expected to accelerate from 2.6% in March to 3.8% in December, based on the Fed's preferred PCE price index.Goldman Sachs believes that the upward pressure on prices is much greater than the Fed's prediction in March, when the U.S. had not yet announced the largest tariffs. The Fed expects the core PCE inflation rate to be 2.8% in December. Worse still, Goldman Sachs anticipates that the core goods inflation rate will soar from 0.4% in March to 6.3% in December. By December, prices for used cars (+8.3%), household appliances (+7.8%), video/audio/computers (+7.7%), jewelry/watches (+5.9%), and pharmaceuticals/medical (+7.8%) are expected to rise significantly.

ChainCatcher news, according to Axios, California Governor Gavin Newsom stated on Friday that he is negotiating agreements with other countries to ensure that California is exempt from retaliatory tariffs amid Trump's escalating trade war.Seen as a potential candidate for the 2028 U.S. presidential election, Newsom is seeking to shield California from the negative impacts of the trade war."Donald Trump's tariffs do not represent all Americans. I have instructed the California government to seek new opportunities for trade and remind global trading partners that California remains a stable partner," Newsom said in a video released on Friday.He referred to California as "the backbone of the American economy" and emphasized the state's commitment to maintaining "stable trade relations" with the world.Newsom wrote on the X platform (formerly Twitter) that California "is ready to engage in dialogue with global trading partners." He also stated that California is not afraid to leverage its market influence "to counter the largest tax increases our generation faces."

ChainCatcher news, according to an analysis by Santiment, due to a significant drop in global stock markets this week, the cryptocurrency market has also seen a decline. Public opinion seems to attribute the crash to "Trump's trade war." Whether this is the main reason or if there are other factors, the reaction from traders in the cryptocurrency community has been very negative.Currently, BTC has rebounded to the $96,000 range, and it may not be over yet. However, is this surge intended to prompt "aggressive" retail traders to sell when the local bottom is reached? Historically, the market almost always moves in the opposite direction of public expectations, and there may be buying opportunities when most traders are skeptical about cryptocurrencies.