All articles tagged with #trade war
Xi Jinping says China’s growth and the United States’ strength can go hand in hand during Trump’s visit, as the two sides discuss Taiwan, Iran, and trade; Xi warns mishandling Taiwan could trigger conflict while Trump calls talks positive and pursues potential deals and an extended tariff truce, signaling a push for cooperation despite longstanding tensions.
EU officials say they’ll keep options open as Trump threatens to raise tariffs on European cars and auto parts to 25% over alleged noncompliance with the Turnberry deal; Brussels says it’s implementing the pact in line with standard practice while EU governments remain divided on safeguards, with a final vote possible soon, underscoring the risk of a renewed transatlantic trade dispute.
China criticized the EU's proposed Made in Europe rules, calling them systemic discrimination and promising countermeasures if enacted. The plan would require local-content thresholds for public funds in sectors like cars, green tech and steel, aiming to bolster Europe’s industry; Beijing said it would safeguard its firms’ rights and interests, reflecting rising tensions in EU–China trade.
The Trump administration announced a new wave of Section 301 investigations into more than a dozen U.S. trading partners—including the EU, Mexico and China—to surface unfair practices and potentially trigger fresh tariffs, with a separate probe into goods made with forced labor to follow. The moves come as a 10% blanket tariff remains in place after a Supreme Court ruling limited country-specific duties, and officials say they aim to complete the investigations within the 150-day window tied to the current tariff, though the impact on existing deals with partners remains unclear.
More than 20 states have filed a lawsuit challenging President Trump's new global tariffs, arguing they exceed presidential authority and would harm state economies, with duties extending to goods from countries including Canada and Mexico and intensifying a trade dispute after his Supreme Court loss.
Mortgage rates for the 30-year fixed dipped to 5.99%—the first sub-6% reading since 2022—driven by falling Treasury yields as investors seek safety amid renewed fears of a 15% universal tariff, signaling risk-off sentiment rather than a move to lower medium-term rates.
Global markets shake as the White House reintroduces a 15% temporary global tariff following a Supreme Court ruling, sending US and European stock futures lower, the dollar weaker, and gold higher as traders brace for renewed trade-war uncertainty; bitcoin also slides and sentiment remains volatile amid evolving tariff dynamics and ongoing negotiations.
President Donald Trump threatened to block the opening of the Gordie Howe International Bridge between Detroit and Windsor, Ontario, unless Canada addresses a long list of grievances and compensates the United States, highlighting ongoing bilateral strains as the cross-border project—funded by Canada with a Canada–Michigan operating arrangement—faces potential disruption.
Despite a 14% gain in the S&P 500 over the past year, investors face risk as Trump’s tariffs loom and the CAPE ratio nears dot-com-era highs (around 39.9). History suggests such levels precede declines—about 4% next year and 20% over the following two years. Goldman Sachs says tariffs are largely paid by consumers, ISM manufacturing has contracted for 10 straight months, and jobs growth was modest last year. With potential EU retaliation and 13% of U.S. imports affected, investors should review portfolios, hold cash for dips, and remain wary even as AI optimism persists.
Global stocks and bonds declined as Trump revived the threat of EU and UK tariffs tied to Greenland, triggering a broad risk-off move with U.S. indices down, European markets also lower, and yields rising. Safe-haven gold and silver gained, the dollar weakened, and investors weighed potential EU retaliation and a pending Supreme Court decision on tariffs.
Semiconductor stocks, led by ASML and peers Infineon and STMicroelectronics, fell on rising EU‑U.S. trade tensions and tariff threats, with ASML’s lithography monopoly potentially impacting U.S. chipmakers; the move underscores how policy risks are weighing on the chip sector.
China says its economy grew 5% last year, meeting the official target despite a late-year slowdown to 4.5% and a four-year housing downturn; a record $1.2 trillion trade surplus and market diversification helped as analysts caution about domestic weaknesses and potential distortions in official statistics.
European firms have already absorbed and rerouted around US tariffs, and the proposed 10% levy on several European countries for Greenland troop deployments would be a nuisance rather than a major hit, provided the dispute does not widen into a broader trade war; escalation remains the key factor that could alter the impact.
With Trump threatening escalating tariffs on European countries over Greenland, the EU weighs activating its never-used anti-coercion instrument and convenes an emergency ambassadors meeting to coordinate a united response.
China says it will take all necessary measures to safeguard its interests after Trump proposes a 25% tariff on countries that trade with Iran, in the context of Tehran’s crackdown and broader US-Iran tensions; details on how the tariff would be applied remain unclear while global markets watch potential spillovers in a tense trade dynamic.