China strikes back, raising tariffs on US goods from 84% to 125%
China on Friday returned to President Trump's latest tariff hike, raising its own rate against the US to 125% as it chuckled its trade policy as “joking” in a scathing statement. The national move to raise tariffs on US imports from 84% to 125% marks a third retaliation as tensions between the two trading partners […]
What Wall Street bigwigs think about stocks now that tariffs are paused
Hours before President Trump suspends the global tariff war on Wednesday, he had a message to investors on social media. He was right – news of a suspension on mutual tariffs soared the Dow that day nearly 3,000 points. But a day later, a third of these profits were wiped out, with 10% levied remaining […]
China’s central bank urges state banks to reduce US dollar purchases amid new tariffs
Senator Rand Paul, R-Ky. has unraveled President Donald Trump's dispute over tariffs on “Kudrow.” China's central banks do not allow a significant drop in the yuan, urging major state banks to reduce their purchases of US dollars. Orders from Chinese officials come when the yuan faces heavy downward pressure amid dramatic additional tariffs on Chinese […]
China is hiking tariffs on US imports from 34% to 84%
Treasury Secretary Scott Bessent is responding to China, which imposes a tariff of 84% on US goods, and a potential backup plan for a company that appears to be “closing” in light of the Chinese economy and tariffs. China is currently increasing tariffs on US imports from 34% to 84% in response to President Donald […]
European Union hitting US imports with retaliatory tariffs
“Outnumbered” discusses that European Commission President Ursula von Der Leyen will provide the US with “zero-zero” tariffs on industrial products as the market responds to President Donald Trump's global trade policy. On Wednesday, the European Union announced its approval of retaliatory tariffs on $23 billion in US goods as a “measure” against the president. Donald […]
Longtime Tesla bull slashes price target by 43% as brand crisis, Trump tariffs create ‘perfect storm’
The longtime Tesla Bull cut its stock price target by 43%. It claims that President Trump's trade war and his controversial relationship with the president have created a “perfect storm” for the company. Wedbush analyst Dan Ives said he expects Tesla's stock to reach $315 from a $550 forecast over the next 12 months. Tesla […]
Larry Fink says Trump tariffs ‘beyond anything I could have imagined’
BlackRock CEO Larry Fink on Friday said he was blind to President Donald Trump's sweeping tariff range and joined other Wall Street Big Wigs with warning that the trade war could boost the economy into a recession. “The announcement of US tariffs exceeded what I had imagined in 49 years of finance.” Fink told analysts […]
Democrats Ditched Working-Class, But Trump’s Tariffs Won’t Work
On HBO's “real-time” broadcast on Friday, host Bill Maher criticised the tariffs proposed by President Donald Trump, but said Democrats had abandoned working-class voters. Former Trump adviser Steve Bannon said President Donald Trump has built a strong coalition. Maher responded to a statement that Democrats “all” and “abandoned working class people for qualified classes.” And […]
O'Leary on Trump tariffs: US must train China 'like a puppy'
“Shark Tank” investor Kevin O'Leary in a recent interview claimed that President Trump's tariffs on China are necessary because the US must train Beijing “like a puppy” to “steal” intellectual property. “It's not just trade tariffs. It's you're cheating and stealing. We're tired of it and you have to stop it. They don't really care […]
Smartphones, Computers Exempt from Trump Admin’s Tariffs on China
The Trump administration has announced that various electronic devices, such as smartphones and computers, will be exempt from tariffs imposed on China. A breaking news posted Friday night by the U.S. Customs and Border Protection Agency revealed that certain products will be exempt from customs duties. Customs exemptions for certain products “applies retroactively to April […]