Sterling rises as concerns about US-China tariffs lessen.
Pound Strengthens on Relief Over Trump’s Tariff Threats LONDON – The pound saw an increase on Monday, providing a boost to risk-related assets. This change seems to stem from the easing of concerns over U.S. President Donald Trump’s recent threats to impose significant tariffs on Chinese goods, which may not materialize as initially expected. Last […]
Bitcoin Price Plummets to $108,000 as Trump Plans 100% Tariffs on China
Bitcoin Prices Drop Amid US-China Trade Tensions Today, Bitcoin prices dipped into the $108,000 range, largely influenced by rising trade tensions between the US and China. This news has unsettled global markets. President Trump shared on Truth Social that China has decided to impose “aggressive” and “unprecedented” export controls on nearly all products, affecting all […]
Trump supports his tariffs. Unfortunately, he is mistaken about them.
Trump’s Take on Tariffs “I love tariffs,” President Trump recently declared, adding, “My favorite word is ‘tariff.’” He argues that through tariffs imposed on around 90 countries, the U.S. is becoming vastly wealthy. “When this is over, we’ll never have the wealth that we have now,” he insists, stating that inflation has been solved already. […]
Stock Market Update from October 10, 2025: Dow Falls as Trump Signals Potential China Tariffs
Market Reaction to Trump’s Tariff Threat Stock markets took a significant hit on Friday after President Donald Trump issued a warning about potential new tariffs on China. The Dow Jones Industrial Average dropped by 879 points, or 1.9%, while the S&P 500 saw a decrease of 2.7%, and the Nasdaq Composite fell by 3.6%. Initially, […]
Trump responds to China’s bold move with significant tariffs
Markets Respond to Trump’s Tariff Announcement On Friday, the stock market took a downturn following President Trump’s declaration of considerable tariff hikes on China. It seems, well, the response wasn’t surprising given the circumstances. The president described China’s actions as “very aggressive,” asserting that this decision was a reaction to the activities of the country’s […]
Stocks decline as Donald Trump raises concerns about new tariffs on China
On Friday, stocks took a sharp downturn after President Trump indicated he might impose new “massive” tariffs on China, following Beijing’s announcement of new export control regulations. In a post, Trump mentioned that his administration is weighing various responses to China’s recent restrictions on rare metal exports. This includes potential “significant increases in tariffs on […]
Trump warns about canceling meeting with Chinese President Xi Jinping and suggests imposing large tariffs on China.
Trump Cancels Meeting with Xi Amid Tariff Threats On Friday, President Trump announced the cancellation of a meeting with Chinese President Xi Jinping that was set for later this month. This decision comes as he threatens to impose significant new tariffs in response to China’s recent export restrictions. “Something very strange is happening in China!” […]
Dow drops 500 points following Trump’s criticism of ‘hostile’ China and warning of ‘huge’ tariffs
The U.S. stock market saw a sharp decline on Friday after President Trump accused China of blatant hostility regarding rare earth regulations. He hinted at potential “significant increases” in tariffs against the country. By around 12:25 p.m. ET, the Dow Jones Industrial Average had dropped by 518 points, translating to a 1.1% decline, while the […]
Congress not doing its job doesn’t grant Trump sole authority over tariffs.
Supporters of Trump are defending his implementation of the International Emergency Economic Powers Act by arguing that Congress has the power to terminate the proclaimed “national emergency.” They suggest that if lawmakers do not support a joint resolution, it effectively means that Trump’s authority to impose tariffs remains intact. However, critics point out that Congress’s […]
Six Months After Liberation Day, All Economic Forecasts About Trump’s Tariffs Were Incorrect
How Economists’ Central Anti-Tariff Predictions Collapsed In a recent analysis, new findings from Jared Bernstein and Daniel Posthumus were discussed, highlighting the significant decline in U.S. manufacturing jobs following what they termed the “China Shock” from 2000 to 2010, which led to the loss of 5.7 million factory jobs. The authors labeled this era as […]