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#finance

632 posts128 participants32 posts today
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China announces rare metal controls, imposing export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium

Read more: t.co/Tfgn6KELtU

Unusual Whales - News · China announces rare metal controls, imposing export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttriumChina has announced it will impose a 34% tariff on all imports from the United States starting April 10, 2025, in response to U.S. President Donald Trump's recent tariff increases. This move escalates the ongoing trade tensions between the world's two largest economies. In addition to the tariffs, China is implementing export controls on medium and heavy rare-earth elements, which are crucial for various high-tech industries. Furthermore, 11 American companies have been added to China's "unreli
#news#finance#economics
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unusual_whales

“Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” wrote Bruce Kasman, JPMorgan’s chief economist, in a note to clients.

Read more: t.co/sB8azP6fEH

Unusual Whales - News · Trump's tariffs — if sustained — likely to push the U.S. and globe into recession, says JPMorganThe likelihood of a U.S. recession in 2025 has jumped to 60% from 40% following President Donald Trump’s announcement of sweeping new tariffs, according to JPMorgan. Why It Matters Even before Trump unveiled the full scope of the reciprocal tariffs, economists had raised alarms that expanding duties on a growing list of countries and products could destabilize U.S. trade, squeeze domestic producers, and further stoke inflation. Taken together, experts warned, these developments could tip the U.
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unusual_whales

He continued, "So what [President Donald Trump's] doing is he's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two. So these are coming soon."

Read more: t.co/c5PRhXEacR

Unusual Whales - News · Semiconductor and electronic tariffs will come in a month or so, US Commerce Secretary Lutnick has saidOn Sunday, Secretary of Commerce Howard Lutnick said that the administration’s decision to exempt certain electronic devices from recently implemented tariffs is only a temporary measure. He noted that these products will soon be included under new “semiconductor tariffs,” likely to be introduced within the next one to two months. “All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored. We
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unusual_whales

"It went, I think, well. ...Every test you can imagine, I was there for a long time, the yearly physical," Trump said.

Read more: t.co/wVCQaQj64g

Unusual Whales - News · President Trump exhibits excellent cognitive and physical health and is fully fit to execute the duties of the Commander-in-Chief and Head of StatePresident Donald Trump remains in excellent health, and his high cholesterol is “well controlled,” according to a medical report released Sunday by White House physician U.S. Navy Captain Sean Barbella. The report follows Trump’s routine physical, which took place on Friday. It is the most comprehensive update on Trump’s health since he returned to office in January, becoming the oldest person to assume the U.S. presidency at age 78. “President Trump exhibits excellent cognitive and physical h
#news#finance#economics
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unusual_whales

"We urge the US to take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect," China's commerce ministry said in a statement.

Read: t.co/gGVDLlUGi3

Unusual Whales - News · China calls on the United States to "completely cancel" tariffsChinese officials are urging U.S. President Donald Trump to fully cancel his so-called “reciprocal tariffs,” as trade tensions between the world’s two largest economies continue. Earlier this week, Trump announced a 90-day pause on a broad set of global tariffs he had planned but simultaneously increased tariffs on Chinese imports to 145%. “We urge the U.S. to take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of m
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Canada's Prime Minister Carney: The global economy is fundamentally different today.

Read more: t.co/3wjcb5Dh7l

Unusual Whales - News · Canada's Prime Minister Carney: The global economy is fundamentally different today than it was yesterdayLiberal Leader Mark Carney said Thursday that President Donald Trump’s sweeping tariffs on nearly every trading partner risk “rupturing the global economy,” undermining growth, and causing serious harm to workers and businesses both in Canada and around the world. Carney condemned the tariffs on Canadian exports as “unjustified, unwarranted, and, in our judgment, misguided,” and said Canada must respond with “carefully calibrated and targeted countermeasures” to send a clear message that the co
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