All articles tagged with #trade war
Mortgage rates for the 30-year fixed dipped to 5.99%—the first sub-6% reading since 2022—driven by falling Treasury yields as investors seek safety amid renewed fears of a 15% universal tariff, signaling risk-off sentiment rather than a move to lower medium-term rates.
Global markets shake as the White House reintroduces a 15% temporary global tariff following a Supreme Court ruling, sending US and European stock futures lower, the dollar weaker, and gold higher as traders brace for renewed trade-war uncertainty; bitcoin also slides and sentiment remains volatile amid evolving tariff dynamics and ongoing negotiations.
President Donald Trump threatened to block the opening of the Gordie Howe International Bridge between Detroit and Windsor, Ontario, unless Canada addresses a long list of grievances and compensates the United States, highlighting ongoing bilateral strains as the cross-border project—funded by Canada with a Canada–Michigan operating arrangement—faces potential disruption.
Despite a 14% gain in the S&P 500 over the past year, investors face risk as Trump’s tariffs loom and the CAPE ratio nears dot-com-era highs (around 39.9). History suggests such levels precede declines—about 4% next year and 20% over the following two years. Goldman Sachs says tariffs are largely paid by consumers, ISM manufacturing has contracted for 10 straight months, and jobs growth was modest last year. With potential EU retaliation and 13% of U.S. imports affected, investors should review portfolios, hold cash for dips, and remain wary even as AI optimism persists.
Global stocks and bonds declined as Trump revived the threat of EU and UK tariffs tied to Greenland, triggering a broad risk-off move with U.S. indices down, European markets also lower, and yields rising. Safe-haven gold and silver gained, the dollar weakened, and investors weighed potential EU retaliation and a pending Supreme Court decision on tariffs.
Semiconductor stocks, led by ASML and peers Infineon and STMicroelectronics, fell on rising EU‑U.S. trade tensions and tariff threats, with ASML’s lithography monopoly potentially impacting U.S. chipmakers; the move underscores how policy risks are weighing on the chip sector.
China says its economy grew 5% last year, meeting the official target despite a late-year slowdown to 4.5% and a four-year housing downturn; a record $1.2 trillion trade surplus and market diversification helped as analysts caution about domestic weaknesses and potential distortions in official statistics.
European firms have already absorbed and rerouted around US tariffs, and the proposed 10% levy on several European countries for Greenland troop deployments would be a nuisance rather than a major hit, provided the dispute does not widen into a broader trade war; escalation remains the key factor that could alter the impact.
With Trump threatening escalating tariffs on European countries over Greenland, the EU weighs activating its never-used anti-coercion instrument and convenes an emergency ambassadors meeting to coordinate a united response.
China says it will take all necessary measures to safeguard its interests after Trump proposes a 25% tariff on countries that trade with Iran, in the context of Tehran’s crackdown and broader US-Iran tensions; details on how the tariff would be applied remain unclear while global markets watch potential spillovers in a tense trade dynamic.
Vietnam's Bac Ninh has transformed from a traditional rice-farming region into a bustling manufacturing hub, attracting foreign investment and Chinese companies shifting out of China due to trade tensions. Despite rapid growth, challenges like rising labor costs, infrastructure limits, and competition from other Southeast Asian countries threaten its trajectory. Vietnam aims to upgrade its industry to higher-value products and diversify export markets to sustain its economic momentum.
The FCC chair Brendan Carr is speaking at CES, where he might address the controversial DJI drone ban, a result of the US-China trade tensions and national security concerns, but the event's vague agenda leaves it uncertain whether the topic will be discussed.
Bank of America CEO Brian Moynihan states that the trade war is de-escalating, with tariffs settling around 15% for many countries, except for China and USMCA trade, which remain complex due to security and policy issues. The overall trade tensions are easing, providing clearer rules for businesses, though concerns about labor and immigration persist for smaller firms.
The article details Europe's challenging year dealing with U.S. trade policies under Trump, including tariffs and trade tensions, which prompted the EU to strengthen its trade defenses, seek new alliances, and consider alternative trade strategies amid ongoing conflicts and retaliations.
The Trump administration has accused China of engaging in unfair trade practices related to the semiconductor industry, amid ongoing tensions and a broader trade war between the two countries.