April 6, 2025, 8:20 pm
A series of reports detail the Trump administration’s aggressive tariff strategy designed to reconfigure global trade relations and bolster domestic industry amid international pushback. Officials defend these measures as corrective steps against unfair foreign practices while critics warn of market instability and unintended economic shifts in regions like Southeast Asia and the Middle East. The coverage also highlights a delicate negotiation with Vietnam and broad debates over balancing protectionism with global economic integration.
Morgan Stanley says US big tech CEOs were unprepared for steep Trump tariffs—Apple faces a $33B loss and Dell/HP might nearly wipe out 2025 profits. Top tech leaders now plan to lobby Washington for tariff changes, though success seems unlikely.
UK PM Starmer is set to declare "globalization is over" and push for a more active, reformist governance amid challenges like Trump's tariffs and trade negotiations with the US, signaling a shift away from unfettered free trade and mass migration policies.
Trump's tariffs sparked dire predictions, yet everyday life continues normally. The author argues that market panic reflects overvalued stocks rather than an imminent economic collapse, and that early, reactionary headlines exaggerate the tariffs' immediate impact.
Mortgage interest rates could see volatility with the increased risk of a global trade war and recession.
This partnership reflects a trend of French firms collaborating on AI development amid ongoing global trade tensions.
The smartphone division may be hit hardest, with Galaxy prices in the US possibly rising by up to 46% due to new tariffs.
The US currently makes only 12% of the world's chips, down from 37% in 1990.
The region is no longer a viable option for multinational corporations seeking to bypass tariffs imposed on China.
Trump 2.0 targets rebuilding the middle class and domestic job growth with tariffs aimed at shifting wealth from abroad to the US. However, the approach risks profit margins, inflation, and trade backlash, keeping markets cautious amid ongoing volatility.
Bessent dismisses recession fears amid Trump’s tariff trade war, calling the market downturn a “MAG7 problem, not MAGA problem.” He argues the turmoil is short-lived, part of a global economic reordering to strengthen supply chains and benefit American workers over time.
Vietnam agreed to remove all tariffs on US imports in exchange for a deal, delaying Trump's imposed 46% tariff by 45 days. This move confirms Trump's strategy of using tariffs as negotiation chips to reduce trade barriers.
Trump administration officials defended new tariffs, arguing that nations like China have exploited the US. Commerce Secretary Lutnick and President Trump claim the tariffs will rebalance trade, boost America’s economy, and force countries to negotiate fairer deals.
Trump’s tariffs may boost Middle Eastern industries by making Southeast Asian products pricier. Nations like Egypt, Jordan, and Morocco could gain a competitive edge in low-skill manufacturing—especially garments—even as they face economic challenges and lingering inefficiencies.
After years of managerial turmoil and a failed merger with Honda, Nissan is attempting to right the ship. Trump’s tariffs couldn’t have come at a worse time.
14 stories from 5 sources in 9 days ago ... #innovation #techpolicy #china #mag7 #cryptocurrency #ecommerce #ai #semiconductors #chips #automation #big-data-analytics #fintech #hardware #apple
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