A trade war between the U.S. and China is quickly escalating as Beijing hit back with retaliatory tariffs against President Donald Trump’s steep duties. For investors on edge about the market turmoil, here are the stocks that could be hurt the most due to their China exposure. China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10. Beijing criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.” The stock market…
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U.S. Treasury yields continued to plummet on Friday, with 10-year Treasury yield falling well below 4%, after China retaliated against President Donald Trump’s aggressive “reciprocal tariff” policy rollout, causing investors to flood into bonds for safety on fears of a global recession.The 10-year Treasury yield dropped over 17 basis points to 3.882%, falling to the lowest level since October. The yield had topped 4.8% earlier this year on hopes that Trump would rev up the U.S. economy with tax cuts.The 2-year Treasury yield shed over 22 basis points to trade at 3.50%. One basis point equals 0.01%, and yields and prices move in opposite directions.China early…
The Phillips 66 Company’s Los Angeles Refinery in California.Bing Guan | ReutersThe oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead.Goldman Sachs on Thursday reduced its December 2025 forecasts for global and U.S. benchmarks Brent crude and WTI by $5 to $66 and $62 a barrel, respectively, “because the two key downside risks we have flagged are realizing, namely tariff escalation and somewhat higher OPEC+ supply.”The bank also cut its forecasts for…
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersChina’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald Trump’s administration earlier this week, according to state news outlet Xinhua.”China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner,” Xinhua cited the finance ministry as saying in a Google-translated report.The…
Former Prime Minister Enrico Letta, speaks during ICAM in April 2025.Europa Press News | Europa Press | Getty ImagesU.S. President Donald Trump’s so-called ‘Liberation Day’ trade tariffs are “madness, pure madness”, according to former Italian Prime Minister and Dean of the IE School of Politics Enrico Letta, who called the reciprocal levies “incomprehensible.”Speaking to CNBC’s Silvia Amaro on the shores of Lake Como at the Ambrosetti Forum on Friday, he said Trump was exploiting fragmentation within the EU, adding it was crucial for the bloc to come together. He further warned that the sweeping U.S. duties — which he described as…
Weeks after being rattled by thousands of mostly small-scale earthquakes, the island of Santorini, the jewel in the crown of Greece’s tourism sector, is determined to return to business as usual — even as the quake phenomenon remains a mystery.The tourism-dependent island, which had been enjoying a strong comeback after the coronavirus pandemic, is counting on it.The first two cruise ships of the season arrived on the last two Sundays of March, and more than 40 are due this month, kicking off a year in which the union of cruise ship owners has predicted a 10 percent increase in cruise…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s show, major cryptocurrencies and crypto-focused stocks were under pressure after President Trump’s big tariffs reveal jolted the stock market. Plus, the House Financial Services Committee voted in favor the STABLE Act, a bill aimed at creating a regulatory framework for stablecoins. And, Stuart Alderoty, chief legal officer at Ripple, discusses the findings of a survey conducted by a crypto-focused nonprofit the company helped support called the National Cryptocurrency Association.12:04Thu, Apr 3 20253:36 PM EDT Source link
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists on board Air Force One en route to Miami, Florida, on April 3, 2025.Kent Nishimura | Reuters U.S. President Donald Trump’s so-called liberation day for the country came and went. What, exactly, did his trade plans liberate the world’s largest economy from? Leadership of the global economic and financial system? King dollar’s seat on the throne? Cordial relations with trading partners and political allies?Of course, that’s all speculation. The tariffs, apart from the 25% duty on autos, have yet to kick in. Trump’s universal 10% tariffs will…
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty ImagesPresident Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday. He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the global economy.”You’ve had a major repricing of growth prospects, with a recession in the U.S. going up to 50% probability, you’ve seen an increase in inflation expectations, up to 3.5%,” he told CNBC’s Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, Italy.”I don’t think…
Australia is one of America’s closest allies; the two countries have fought alongside each other in every major conflict since World War I. Jake Sullivan, former President Joe Biden’s national security adviser, said in January that the two had effectively entered a “strategic marriage.”Lately, though, Australians have been feeling rather like a spouse who awoke one morning to find a complete stranger lying next to them. Many have watched, aghast, how President Trump has treated other longstanding allies such as Canada and Europe, cavalierly threatening their economies with hefty tariffs and casting doubt on the U.S. commitment to protect NATO…
