El Salvador became the first country to adopt Bitcoin as legal tender, and asked the World Bank to help Bitcoin implemention. But the internaional lender rejected a request from El Salvador. El Salvador’s Finance Minister Alejandro Zelaya said that the country had asked the World Bank for technical assistance.
China has imposed a 34% customs duty on all US goods in response to the same rate announced by US President Donald Trump. The move includes trade restrictions on rare earth exports critical to tech and defense industries and the suspension of chicken imports from two US firms.
China also blacklisted 11 American companies, including major defense and tech firms, banning them from trade with Chinese entities. Additionally, China filed a complaint at the World Trade Organization, calling the US tariffs a violation of global trade rules and an act of “unilateral bullying.”
TR