February 4, 2025February 4, 2025 China’s Ministry of Commerce announced counter-tariffs on U.S. products and launched a Google antimonopoly investigation following Washington’s 10% levies on Chinese goods. The new tariffs include a 15% duty on coal and liquified natural gas and a 10% levy on crude oil, agricultural machinery,…
Headline hunting about the latest on Trump and his tariff threats is what traders are up to. The news of a month of delay for the tariffs targeting Mexico landed soon after the US opening bell and similar news about Canada came in later in the day. As such, by the end of Monday, both…
A Warning for All Traders Trading Trump’s Tariff Market A Warning for All Traders Trading Trump’s Tariff Market: Timely suggestion to all the traders out there: President Trump’s imposition of 25 % tariffs on imports from Mexico and Canada (10% on energy starting Feb 18) plus 10% on goods from China has sent shockwaves…
Summary United States: Economic Momentum Holding, for Now The economy ended 2024 on a solid note with a 2.3% Q4 increase in real GDP. Volatile inventory swings lowered the headline, but real final sales to domestic private purchasers rose by a robust 3.2%. Fervent consumer spending continues to drive economic activity, while inflation is receding…
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that…
The recent emergence of DeepSeek’s AI chatbot, R1, has triggered intense scrutiny, with speculation that China may have obtained Nvidia’s advanced semiconductors through illicit means. The issue has raised concerns among U.S. officials, analysts, and investors, as questions swirl around how DeepSeek managed to develop a model that rivals leading AI tools from the United…
China’s recent advancements in artificial intelligence (AI) have sent ripples through Silicon Valley and beyond. The lab Deepseek has unveiled a new open-source AI model that not only challenges industry leaders like OpenAI and Google but also raises questions about the cost-efficiency and sustainability of AI investments. The impact of this development has implications for…
US equities markets rose due to President Trump’s pro-business policies and decision to not impose tariffs on major trading partners yet. The Bank of Japan raised rates to 0.5%, the highest since 2008. The week ahead sees markets shift attention toward Central Bank policy with the ECB and Fed meeting in focus. Week in Review:…
Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs. China’s economy expanded by 5.4% in the fourth quarter of 2024, exceeding the market’s expectation of…
President-elect Donald Trump’s potential use of the International Economic Emergency Powers Act (IEEPA) to enforce new tariffs has captured the attention of financial markets. The IEEPA grants the president authority to manage imports during declared emergencies, allowing for swift tariff implementation without the need for legislative approval. Historically, the IEEPA has been invoked for national…