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U.S. Trade Deficit Edges Down in April to $55.9B as Oil Exports Jump
The U.S. trade deficit narrowed slightly in April, ending the month at $55.9 billion as exports rose faster than imports. Exports increased 2.6% to $327.1 billion, helped by a $6.4 billion rise in crude oil exports alongside gains in fuel oil and other petroleum products. The Commerce Department release also showed higher overseas sales of computers and civilian aircraft, while import growth was led by semiconductors and telecom equipment.
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MiCA transition ends July 1, 2026: only 14 EU-wide licensed trading platforms
The EU's MiCA transitional period expires on July 1, 2026, after which crypto-asset service providers without a valid license cannot legally access the EU single market. Ahead of the deadline, only 14 firms are authorized to operate a crypto trading platform across the entire EU, while 10 member states have issued no MiCA authorizations. Users may face account migrations or wind-downs, and on regulated EU platforms USDT is effectively blocked while USDC remains compliant.
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USTR proposes Section 301 tariffs up to 12.5% tied to forced-labor claims
The Office of the U.S. Trade Representative proposed Section 301 tariffs of up to 12.5% on 59 countries and the European Union, arguing that trading partners have failed to curb imports made with forced labor. International Labour Organization estimates put forced-labor victims at 27.6 million people daily and illegal profits at about $236 billion annually. Trade and legal experts said the investigation moved unusually fast for such a complex topic and could face court challenges, while the U.S. has also struggled with enforcement.
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