Breaking: France Pushes EU to Hike Tariffs on Small Chinese Parcels – E-Commerce Shakeup Ahead
Paris turns up the heat on Brussels with a bold protectionist move targeting China's e-commerce dominance.
French officials argue current tariffs create an unfair advantage for Chinese sellers flooding EU markets with cheap goods.
The proposed measures could force platforms like AliExpress and Temu to rethink their ultra-low-price strategies.
Meanwhile, logistics companies are already calculating how to bypass the new barriers – because where there's a tariff wall, there's always a financial ladder.
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According to TipRanks’ technical analysis, the IBIT is now at a Strong Sell consensus based on 14 Bearish, 5 Neutral and 3 Bullish ratings.
Based on the activity of 827,514 investors in the recent quarter, it has scored sector-average neutral sentiment. Those investors aged between 35 and 55 have been the most active buyers.
In total, 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT was down 1.54% at $57.45. The main drag was the price of Bitcoin, which dropped 1.68% to $101,288.42.
It’s mainly down to investors unsure whether to buy or sell bitcoin in the current political environment as the U.S. government shutdown starts to ease or the fragile economic environment. Analyst believe some are sitting on the fence waiting on more certainty around Federal Reserve rate cuts next month.
According to the Wall Street Journal the central bank is facing an internal divide, with policymakers split over whether the greater risk now is persistent inflation or a softening labor market. That division has left a rate cut being a “toss up.”
