Elon Musk’s Tesla Suspends Orders for American-Made EVs in China as Trade War Escalates
Tesla has suspended new orders for China's Model S and Model X vehicles as communist and US exchanges will take a hit in the trade war. Unlike several other Tesla EVs, Elon Musk's Company exports S and X models from the US to China. Reuters Report As a continuous tension in trade between the US […]
The Case for a ‘Christmas Truce’ in China Trade War
President Donald Trump claimed last Wednesday that he persuaded 75 countries to negotiate trade and tariffs, leaving China out in the cold. In doing so, he also avoided the bond market disaster. But we have not yet left the forest. Thousands of American companies, and potentially millions of employees, are still at the forefront of […]
EU could tax Big Tech’s digital ad revenue if Trump trade talks fail: Ursula von der Leyen
The European Union could retaliate with new taxes on American tech giants like Google and Meta if trade negotiations fail with President Trump, said top EU officials. Ursula von der Leyen, the president of the powerful European Commission, issued a warning after Trump approved a 90-day suspension of mutual tariffs on other countries except the […]
The Luka Doncic trade will cost the Mavericks $100 million in revenue over time, according to report
Ever since the Dallas Mavericks traded franchise superstar Luka Donsic for the Los Angeles Lakers, everyone has been trying to find a good reason to make that move. And whenever a somewhat reasonable explanation arises, another fact about trade appears to be the worst move in NBA history. In addition to angering fans They chant […]
TikTok deal becomes casualty of Trump’s China trade war
Ultimately, it was Donald Trump, who wanted to save Tiktok, that money had learned that he might kill the short video app completely after he stayed in the US. On Wednesday, Trump hit China, the very country that controls Tiktok, and received 145% tariffs on all imports as he “unfairly decided to retaliate against the […]
JPMorgan’s Dimon warns US faces ‘considerable turbulence’ amid trade war threats
Jamie Dimon, CEO of JPMorgan Chase, warns President Trump that the US economy is facing “substantial turbulence” from the threat of launching a global trade war. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation, tariffs and “trade wars”, continuous expansion of stickiness, high financial obstacles, and […]
Vietnam prepared to crack down on Chinese trade to avoid Trump tariffs
Gordon Chang, a senior fellow at the Gatestone Institute, discusses a potential tariff talk with China in “The Evening Edit.” Vietnam is reportedly ready to crack down on Chinese goods shipped to the US via its own territory to avoid compromising US tariffs. The offer, initially reported by Reuters, raised concerns about Chinese goods sent […]
The dollar and Treasurys are nosediving in the 'Sell America' trade – markets.businessinsider.com
The US dollar and the Treasury Department are being sold as President Donald Trump's trade war increases the risk of American assets. Investors are worried about Trump's policy changes and are moving money from US assets to classic safe shelters. The euro has hit a three-year high against the dollar and is benefiting from the […]
India Sees ‘Opportunity of a Lifetime’ in Trump’s Trade Policy
Indian Commerce Minister Piyush Goyal said on Monday that President Donald Trump's trade policy could create “a once-in-a-lifetime opportunity” for India. “We are standing up in a history where India is well-dead to turn the current situation into opportunities,” Goyal said. I said India Global Forum in Mumbai. Goyal explained India, sympathetic to President Trump's […]
Yellen: Trump 'has taken a wrecking ball' to economy with trade war
Former Treasury Secretary Janet Yellen, who served under former President Biden, said President Trump “stolen the destructive ball.” “President Trump has inherited a very strong growth economy, the labor market is working very well, low unemployment rates and a prominent record of job creation,” Yellen told CNN International's “One World” on Thursday. “So we had […]