Since re-entering office, President Trump has issued a flurry of tariffs in an effort to rewire the global economy.On Wednesday, Mr. Trump unveiled his most aggressive policies to date, sparing few countries around the world. A 10 percent base line rate for the world went into effect on Saturday, with much higher ones for dozens of counties coming next week.Mr. Trump’s moves have caused financial markets to plummet, foreign leaders to issue condemnations and officials to warn about inflation and slowing economic growth.What are tariffs, and who pays for them?A tariff is a government surcharge on products imported from other…
Author: usaeverydaylife
Dollar Tree can emerge as a winner in the global trade war, according to Citi. Analyst Paul Lejuez upgraded shares of the discount retailer to buy from neutral. He also lifted his price target to $103 from $76, implying upside of more than 50%. Global investors have been fretting over the impact of President Donald Trump’s tariffs on the global economy, leading them to dump equities. A unilateral 10% duty took effect Saturday, with more set to take hold this week. But Lejuez sees Dollar Tree as a “dark horse winner.” “With ~50% of its product subject to significantly higher…
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder letter, which has become a closely read screed on the state of the economy, proposals for the issues facing the U.S. and his take on effective management.”Whatever you think of the legitimate reasons for the newly announced tariffs – and, of course, there are some – or the long-term effect,…
Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters.Picture Alliance | Picture Alliance | Getty ImagesEuropean defense giants fell sharply on Monday, extending recent losses as investors grapple with a broad and severe stock market downturn.U.S. President Donald Trump showed no signs of letting up on his aggressive trade policy after rolling out sweeping new tariffs last week, saying that “sometimes you have to take your medicine.”U.S. stock markets fell sharply for a second consecutive day on Friday, with all three major indexes dropping by more than 5% as part of a global rout.…
U.S. Treasury yields dropped again on Monday as President Donald Trump’s tariffs spurred a flight to safety while riskier markets took a hit. At 5:15 a.m. ET, the 10-year Treasury yield fell over 5 basis points to 3.936%. The 2-year Treasury yield dropped over 16 basis points to 3.52% and hit its lowest level since September 2022. One basis point equals 0.01%, and yields and prices move in opposite directions.Investors are reeling from the impact of the Trump’s tariffs last week, which hit over 180 countries and set a baseline tariff of 10% across the board. Major trading partners of the U.S. took some of…
The Ukrainian Navy patrol boat zipped across the Black Sea, its double-barreled, 25-millimeter machine gun locked on the horizon. The enemy, Russia, was nowhere in sight, yet ever-present. In the command room, Captain Mykhailo and his crew scanned screens showing color-coded zones marking Russian mine-laden waters and red arrows tracking drones prowling the area.The crew’s mission was to defend the waters off Odesa, Ukraine’s largest Black Sea port city, and keep them safe for commercial traffic. It has been grueling work — clearing Russian mines by day, shooting down drones by night — but after more than a year of…
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | ReutersBEIJING — Risks of an intense U.S.-China trade war are rising rapidly, according to analysts, after Beijing responded more forcefully than many had expected to U.S. President Donald Trump’s latest tariffs.In a shift in tone, China also dropped its call for negotiations on trade in a weekend statement that condemned U.S. levies, raising the prospects of an extended period of tariff escalation.”China has taken and will continue to take resolute measures to safeguard its sovereignty, security, and development interests,” China’s Ministry of…
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime.The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5% lower during early deals.Last week, the regional Stoxx 600 index notched an 8.4% loss, marking its worst week in five years. In the past decade, the Stoxx 600 only performed worse at the beginning the Covid-19 pandemic in 2020.Trump announced his full list of so-called reciprocal…
China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle.A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that China could potentially come out stronger as a result.“The abuse of tariffs by the United States will have an impact on China, but ‘the sky will not fall,’” it said. “China is a super economy. We are strong and resilient in the face of the U.S.…
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research.Zhang Xiaoyu | Xinhua News Agency | Getty ImagesInvestors are flocking to safe haven assets after U.S. President Donald Trump announced a swathe of reciprocal tariffs last week — and some are looking at the Japanese yen, bonds, as well as a few other “exotic” assets.”The Japanese yen will be a good — and probably the best — candidate to…
