Catenaa, Tuesday, May 06, 2024-Apple has begun shifting production of most iPhones bound for the US away from China, with India and Vietnam emerging as key alternatives, CEO Tim Cook announced Thursday. The move follows mounting tariff pressures from the Trump administration and is part of Apple’s broader strategy to reduce its dependence on Chinese […]
Catenaa, Tuesday, April 29, 2025-BlackRock CEO Larry Fink warned that rising US deficits and protectionist trade policies could undermine the US dollar’s position as the world’s reserve currency, as global efforts to de-dollarize gain traction. “If deficits keep ballooning, America risks losing that position to digital assets like Bitcoin,” Fink said, sounding the alarm as […]
Catenaa, Monday, April 28, 2025-China last Thursday (24) urged the United States to cancel all “unilateral” tariffs, pushing back against suggestions of ongoing trade talks and signaling a firm stance as Washington considers easing duties, a Reuters news report said. Commerce Ministry spokesperson He Yadong said the US must remove the tariffs if it genuinely […]
Catenaa, Tuesday, May 13, 2025-As tariffs on Chinese goods continue to rise, China is diverting exports meant for the US to its domestic market, a move that risks deepening the country’s deflationary spiral. The government’s push to support exporters amid declining US demand has led to a surge in discounted products within China, but experts […]
Catenaa, Thursday, April 17, 2025-China has ordered its airlines to suspend new deliveries of Boeing aircraft, escalating tensions in an intensifying US -China trade dispute, Bloomberg reported Tuesday. The directive halts delivery of approximately 10 Boeing 737 Max jets slated for Chinese carriers. Exceptions may be made if documentation and payment are finalized before Chinese […]
Catenaa, Saturday, April 19, 2025- China has suspended all exports of rare earth minerals and related magnets, cutting off critical supplies to the US, Japan, Germany and other nations in response to President Donald Trump’s sweeping “Liberation Day” tariffs. Beijing imposed export restrictions April 4, requiring licenses for rare earth shipments. However, the licensing system […]
Catenaa, Thursday, April 10, 2025- China has announced a sharp increase in tariffs on US imports, raising them from 34% to 84% in a direct response to the US imposing 104% tariffs on Chinese goods earlier on April 9, 2025. This sudden escalation in the trade war caused a ripple effect in global markets, leading […]
Catenaa, Thursday, May 01, 2025- China has lifted a steep 125% tariff on US ethane imports in a quiet reversal aimed at easing industrial strain and soothing trade tensions with Washington, the Reuters news agency reported. The tariff, imposed earlier this month in retaliation for new US duties on Chinese goods, had threatened to squeeze […]
Catenaa, Monday, April 28, 2025-China industrial profits grew in the first quarter, ending a months-long decline, but rising US tariffs and global uncertainties threaten future gains. Profits at China’s industrial firms rose 0.8% year-over-year to 1.5 trillion yuan ($205.86 billion) in the January-March period, reversing a 0.3% drop in the first two months, the National […]
Catenaa, Wednesday, May 154, 2025-China announced it will reduce its tariffs on US goods to 10% for an initial 90-day period, beginning today (Wednesday, May 14, 2025). The reduction follows the imposition of higher tariffs on U.S. products in the previous month. The Chinese Ministry of Finance stated that the tariff adjustments, which lower the […]
Catenaa, Monday, April 21, 2025-US retail investors could trigger major sell-offs of Chinese companies’ American depositary receipts (ADRs) if the Trump administration moves to sever financial ties with China, Goldman Sachs warned Wednesday. In a report, the bank said individual investors in the U.S. held around $370 billion worth of Chinese ADRs, making them especially […]
Catenaa, Monday, April 28, 2025-Deutsche Bank strategists warned last Thursday that the US dollar is poised for a major long-term decline, citing lasting reputational damage to the United States and shifting global dynamics. George Saravelos and Tim Baker said preconditions for a major dollar downtrend are now in place, driven by the largest shift in […]
Catenaa, Sunday, April 20, 2025-Investors are retreating from the US dollar and Treasurys as President Donald Trump’s sweeping tariffs stoke fears of economic instability and drive volatility in global markets. Since Trump’s latest tariff hike — the largest since 1909 — the dollar has lost nearly 10% of its value, hitting a three-year low against […]
Catenaa, Tuesday, May 27, 2025- US stock futures surged Monday night after President Donald Trump announced a delay on imposing a 50% tariff on European Union goods, a move that calmed jittery investors and boosted global market sentiment. The Dow Jones Industrial Average futures climbed 407 points, or 1%. S&P 500 futures gained 1.1%, and […]
Catenaa, Thursday, April 10, 2025- European Union (EU) countries are set to approve their first wave of retaliatory tariffs against the United States on Wednesday, directly responding to President Donald Trump’s sweeping trade levies that took full effect the same day. The EU’s countermeasures target US steel and aluminum tariffs and include new 25% duties […]
Catenaa, Thursday, April 24, 2025-Ford Motor Co. has halted shipments of several major vehicle models to China in response to escalating tariffs, the automaker confirmed Friday. The move affects exports of US-built F-150 Raptors, Mustangs, Bronco SUVs and Lincoln Navigators, which now face tariffs as high as 150%. The pause, first reported by The Wall […]
Catenaa, Friday, April 18, 2025-Freight carriers have begun canceling sailings from China to the United States as booking volumes plummet amid a deepening trade war, highlighting growing pressure on global supply chains and shipping routes. At least 80 canceled sailings from China have been recorded, according to logistics firm HLS Group. The cuts follow sharp […]
Catenaa, Wednesday, April 02, 2025-Global stock markets tumbled Monday as investors reacted to US President Donald Trump’s plans for sweeping new tariffs on imports, sparking fresh trade war fears. Trump, who has already imposed tariffs on steel, aluminum and cars, is set to announce additional levies on April 2, which could target all countries. The […]
Catenaa, Saturday, April 12, 2025- Goldman Sachs economists withdrew a recession prediction Wednesday just over an hour after issuing it, following President Donald Trump announced a pause of new tariffs on multiple countries. The initial forecast, released shortly before 1 p.m., projected a 65% chance of recession within the next 12 months, citing country-specific tariffs […]
Catenaa, Saturday, April 19, 2025-US stock futures declined late Tuesday as investors reacted to a steep drop in Nvidia shares and braced for key economic data due Wednesday. The S&P 500 futures fell 0.9%, while Nasdaq 100 futures dropped 1.3%. Dow futures were down about 0.5% following a choppy regular session that saw all three […]
Catenaa, Thursday, April 17, 2025-Nvidia has begun manufacturing AI chips in the United States, establishing operations in Arizona and Texas as trade tensions rise and new tariffs loom under President Donald Trump’s administration. The tech giant announced that its latest Blackwell chips are now being produced at Taiwan Semiconductor Manufacturing Company (TSMC) facilities in Phoenix. […]
Catenaa, Thursday, February 20, 2025 – US stocks closed at a record high on Wednesday, with the S&P 500 reaching its third record close of the year, as minutes from the Federal Reserve meeting in January stressed officials would stay till inflation improves for further rate cuts. Many stocks had opened lower after Trump said he was […]
Catenaa, Thursday, April 17, 2025- Tesla shares have officially entered a “death cross,” a technical indicator that often signals extended market weakness, amid a turbulent stretch for the electric vehicle maker, a report said. The development, flagged this week by Business Insider, occurs when a stock’s 50-day moving average falls below its 200-day moving average. […]
Catenaa, Sunday, April 20, 2025- The Trump administration is considering using tariff revenues to help build a US Strategic Bitcoin Reserve without tapping taxpayer funds, a senior White House adviser said this week. Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, told investor Anthony Pompliano that proceeds from recently expanded […]
Catenaa, Saturday, April 19, 2025-Major US banks reported strong profit in the first quarter of 2025, surpassing analysts’ expectations. However, executives raised alarms over the economic impact of ongoing tariffs, warning of potential slowdowns in growth. While trading revenues surged, with record performances in equity markets at JPMorgan Chase and Morgan Stanley, industry leaders cautioned […]
Catenaa, Wednesday, May 14, 2025-President Donald Trump on Monday cut tariffs on small parcels from Chinese retailers like Shein and Temu, easing a short-lived duty hike that had threatened to disrupt low-cost e-commerce flows between the world’s two largest economies. The White House announced that tariffs on packages valued at $800 or less arriving from […]
Catenaa, Friday, May 02, 2025-US stock futures advanced Thursday evening after China signaled a willingness to resume trade negotiations with the United States, offering a potential reprieve in escalating tariff tensions. Futures tied to the S\&P 500 rose 0.68%, while the Dow Jones Industrial Average futures jumped 337 points, or 0.82%. The Nasdaq 100 futures […]
Catenaa, Wednesday, April 16, 2025-New tariffs introduced by the Trump administration could cost US semiconductor equipment makers more than $1 billion a year, according to industry estimates discussed with US lawmakers and officials. The three largest companies in the sector—Applied Materials, Lam Research, and KLA—may each face losses of about $350 million annually due to […]
Catenaa, Friday, May 16, 2025-The United States (US) is warning international companies that using Huawei’s advanced AI chips may violate US export control laws, intensifying its crackdown on Chinese tech developments and extending Washington’s long-standing restrictions beyond physical shipments. The Commerce Department’s Bureau of Industry and Security said Tuesday that Huawei’s Ascend processors -including the […]