A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, U.S, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole, effective May 2.Trump in February abruptly ended the de minimis trade exemption, which allows shipments worth less than $800 to enter the U.S. duty-free. The order overwhelmed U.S. Customs and Border Protection employees and caused the U.S. Postal Service to temporarily halt packages from China and Hong Kong. Within days of its announcement, Trump reversed course and delayed…
Author: usaeverydaylife
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region, following the news of DeepSeek’s artificial intelligence breakthrough in late January.It’s a level of excitement that has not been felt for more than three years, despite the overhang of U.S. trade tensions. Initial public offerings are a lucrative way for early investors in startups to exit and reap a return.”Everyone is working so perfectly together.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCarlos Gutierrez, fmr. Commerce Secretary, joins ‘Fast Money’ to talk the economic impact of the recently announced reciprocal tariffs.06:286 hours ago Source link
BEIJING, CHINA – NOVEMBER 05: A view of China’s Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China. Visual China Group | Getty ImagesChina’s Ministry of Commerce said Thursday it would take “resolute counter-measures” against the sweeping U.S. tariffs announced by U.S. President Donald Trump and urged Washington to “immediately cancel” its unilateral tariff measures.”The U.S. has drawn the so-called ‘reciprocal tariffs’ based on subjective and unilateral assessments, which goes against international trade rules and seriously undermine the legitimate rights and interests of relevant parties,” a commerce ministry spokesperson said in a statement.The Chinese official described the Trump administration’s…
President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order.Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of countries. Among major economies most affected were the European Union, which will face 20 percent tariffs under the plan, and China, which will absorb an additional 34 percent on top of existing levies.“The scope and size of tariffs are both substantial and confirm the worst fears of the proponents of…
The ‘Fast Money’ traders react to Pres. Trump’s tariff announcement. Source link
As President Donald Trump announced wide-ranging “reciprocal tariffs” on more than 180 countries and territories, CNBC’s Jim Cramer said on Wednesday that the president cares more about punishing America’s trading partners than appeasing investors.By including U.S. allies in the tariff hit, Trump shows his willingness to “disrupt everything” in order to teach other countries a lesson, Cramer argued.”Ultimately, I think we’ve been looking at this president all wrong,” Cramer said. “This president turns out to be an equal-opportunity hater. He doesn’t care what these countries do. Ultimately, he thinks they can’t really hurt us. Why? Because they don’t buy much…
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.Chip Somodevilla | Getty Images Psychologist Carl Jung believed in the “collective unconscious,” a universal mind all humanity is tapped into. In the context of the financial world, the stock market — as something ostensibly based on concrete numbers, but most of the time driven by instinctive hopes and fears — kind of works like that.It is, in other words, essentially a tracker of sentiment. Nowhere is this function clearer than the…
Select tech names are poised to make a comeback as the second quarter commences. The information technology sector was a big winner in 2024, but it has taken a beating in the first few months of 2025. Year to date, the sector is off about 12%, and it is currently the second worst-performing sector in the S & P 500 , behind consumer discretionary. There are several headwinds to blame for the sector’s recent stretch of underperformance. President Donald Trump’s new trade policies have pressured tech names, many of which have exposure to overseas markets through sourcing and manufacturing. Investors…
CNBC’s Steve Liesman joins ‘Fast Money’ to talk the economic impact of today’s tariff rollout. Source link
