The War has Started United States President Donald Trump’s country-specific tariffs as of 12:01 am ET have been activated. Chinese goods now face a massive tariff rate of 104%. China so far is not backing down in this very dangerous tariff war. I am seeing China starting to liquidate part of its vast holdings in …
Trump’s targeted tariffs kick in, China hit with 104% levy
United States President Donald Trump’s country-specific tariffs took effect as of 12:01 am ET, meaning that Chinese goods now face a massive cumulative tariff rate of 104%. Beijing, for its part, has thus far shown no signs of backing down in the all-out tariff war, vowing on Tuesday to fight Trump’s trade policies “to the end” and respond …
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Everybody and their dog is SHORT oil
HIGH FREQ FREAK OUTWTI Sinks 14% in Two Days Oil tumbled to a four-year low Algo traders, high frequency cocaine addicts. and candle stick assholes, which tend to exacerbate price swings, switched to 73% short in WTI, compared with 9% short in just one day Such a dramatic shift in positioning has only ever occurred …
Oil climbs 1%, recovers slightly from losses
Crude oil prices rebounded slightly on Tuesday after plummeting and hitting a four-year low yesterday, stoked by fears of global recession after United States President Donald Trump announced his reciprocal tariffs, which caused a significant market selloff. West Texas Intermediate (WTI) for May’s settlements climbed by 1.37% at 1:20 am ET to sell for $61.48 per barrel. Meanwhile, Brent …
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China says will ‘fight to the end’ against US tariffs
China said it would “fight to the end” and take countermeasures to “safeguard its own rights and interests” after United States President Donald Trump escalated his tariff threats against the Asian nation. The statement came after Trump said on Monday that he would impose an additional 50% tariff on China, effective Wednesday, if Beijing doesn’t withdraw …
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China says will ‘fight to the end’ Against Us Tariffs
China said it would “fight to the end” and take countermeasures to “safeguard its own rights and interests” after United States President Donald Trump escalated his tariff threats against the Asian nation. The statement came after Trump said on Monday that he would impose an additional 50% tariff on China, effective Wednesday, if Beijing doesn’t withdraw its …
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Dow back to negative 1,000 pts on Trump’s threats
Major stock exchanges continued to crash on Monday after United States President Donald Trump shared new comments regarding his foreign trade policy. The US head of state warned China that should it go ahead with its retaliatory measures, it would be slapped with an additional 50% tariff. Global markets have been in disarray since April 2, …
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White House says 90-day pause in levies ‘fake news’
CNBC retracted on Monday its earlier story suggesting that White House NEC Director Kevin Hassett indicated US President Donald Trump was evaluating a 90-day suspension of tariffs, with China being the exception. “Fake news,” the media outlet stated, quoting White House Press Secretary Karoline Leavitt. US stocks have swiftly undone their recovery, erasing advances and shifting sharply into …
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Hassett: Trump weighs global 90-day tariffs halt except China
United States National Economic Council Director Kevin Hassett told CNBC on Monday that President Donald Trump is considering pausing tariffs for all countries except China for a period of 90 days. More to come…
Black Monday hits Europe, DAX sinks 8%
European markets plunged again Monday as investors reacted to US President Donald Trump’s sweeping tariffs of 20% on the European Union, and 25% on all foreign cars. The continued sell-off followed Trump’s Sunday remarks claiming tariffs were the only fix for the “massive” trade deficit with the bloc and other major economies. EU trade ministers are expected to …