Passers-by walk along Nyhavn, the harbour with its colourful little houses popular with tourists. Picture Alliance | Getty ImagesCOPENHAGEN, Denmark — Incensed by President Donald Trump’s posturing over Greenland and sweeping trade tariffs, Danish shoppers are turning their backs on American products in a show of national protest.The small European nation and longtime U.S. ally has lately found itself in the president’s crosshairs amid his ambitions over Greenland, a semi-autonomous Danish island. Meanwhile, new U.S. tariffs, recently reduced to 10%, now hinder EU exports to one of its key markets.Trump has repeatedly said the U.S. should take control of Greenland, which…
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Ray Dalio, billionaire and founder of Bridgewater Associates, speaks to members of the media while departing a meeting with House Budget Committee Republicans on Capitol Hill in Washington, D.C., on March 25, 2025.Daniel Heuer | Bloomberg | Getty ImagesBridgewater founder Ray Dalio said that U.S. President Donald Trump’s temporary pullback on reciprocal tariffs was a “step back from a worse way” of addressing trade imbalances, urging the White House leader to negotiate a “win-win” trade deal with China.On Wednesday, Trump announced a 90-day pause on country-specific tariffs, with the exception of 104% duties on Chinese imports.In a post on the…
President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic.Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to Wedbush Securities. With nearly all imports from China being taxed a staggering 145% under the latest tariffs, Amazon sellers are having to decide whether to raise prices or absorb the vastly increased cost of importing their goods.Amazon CEO Andy Jassy on Thursday told CNBC that its…
One day last month, while killing time in the visiting dugout at Kauffman Stadium, Cleveland Guardians manager Stephen Vogt was asked what he actually did in his previous role as the Seattle Mariners’ bullpen and quality control coach.The first half of that label seemed obvious enough — bullpen coaches have been around in the majors for as long as anyone can remember. The other half? Vogt, after some explaining, broke into an impression of a television character from a show famed for sending up things like convoluted job titles.“Quabity. Quabity assuance,” Vogt said, mimicking Creed Bratton, the eccentric and oft-forgetful…
The U.S. military announced on Thursday that it had removed the commander of its Pituffik base in Greenland, adding that it would not tolerate any actions that go against President Trump’s agenda.The decision to remove Col. Susannah Meyers was announced in a statement by the U.S. Space Force that was posted on social media by Sean Parnell, the chief spokesman for the Pentagon.While the statement didn’t cite a specific reason for her removal, Mr. Parnell said that “actions to undermine the chain of command or to subvert President Trump’s agenda will not be tolerated.”Mr. Parnell’s post contained a link to…
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty ImagesBEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for Americans while accelerating plans to diversify operations — and, in some cases, stopping shipments entirely.U.S. consumers could lose access to certain products in June since some American companies have halted their plans to import textiles from China, said Ryan Zhao, director at Jiangsu Green Willow Textile.For products…
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty ImagesConstellation Brands on Wednesday gave a weaker-than-expected outlook for its fiscal 2026 and slashed its medium-term forecast as it faces higher U.S. tariffs on most of its beer.The Modelo owner also topped Wall Street’s estimates for its fiscal 2025 fourth-quarter earnings and revenue, but its quarterly performance took a backseat to its outlook.Last week, the Trump…
Investors still concerned about what will happen with President Donald Trump’s tariff policy have a place to hide in three stocks, according to investor Rebecca Walser. Despite the 90-day pause on “reciprocal” tariffs announced Wednesday, the market fell Thursday – giving back some of the historic gains from the previous session. A 145% levy on goods from China, a 10% broad duty and 25% tariffs on aluminum, autos and some goods from Mexico and Canada still stand. While negotiations are ongoing over where the tariffs may ultimately land, Walser, president of Walser Wealth Management, is playing defense. “We are really…
Chris Verrone, Strategas, joins ‘Fast Money’ to talk the Yen as a safety trade. Source link
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange in New York, US, on Thursday, April 10, 2025.Michael Nagle | Bloomberg | Getty ImagesStock futures fell on Thursday night as investors look to close out a volatile week, punctuated by sharp swings for the major averages.S&P 500 futures slipped 0.8%, while Nasdaq 100 futures lost 0.9%. Futures tied to the Dow Jones Industrial Average dropped 277 points, or 0.7%.Tariff fears remain at the forefront of investors’ minds after President Donald Trump temporarily slashed his country-specific duties to a universal rate of 10%…
