trade war

As the U.S. and China continue to send mixed signals about the progress of their trade talks, economists at Morgan Stanley project that both nations will begin negotiations and slowly decrease tariffs on Chinese imports to 60% by the end of Q2. What Happened: Despite the...

The Chinese commerce ministry stated that U.S.-imposed tariffs have adversely affected Chinese airlines and Boeing (NYSE:BA). The ministry has called on Washington to consider the grievances of these companies and promote a stable trade environment. What Happened: This marks Beijing’s first...

In a bid to navigate the impending U.S. tariffs, South Africa and several other countries have been reportedly seeking advice from Goldman Sachs since late February. What Happened: South African officials have been consulting with Goldman Sachs to devise strategies to mitigate the impact of the...

Analyst Ray Wang posted that major U.S. retailers, including Walmart and Target, have reportedly asked Chinese suppliers to resume shipments, with tariffs to be absorbed by the American retailers. What Happened: On Saturday, Wang posted on X that several Chinese exporters at the ongoing China...

Analysts from Goldman Sachs have warned that the U.S. tariffs on Chinese imports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector. What Happened: The bank stated that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put...

Economist Peter Schiff says that President Donald Trump’s Bitcoin (CRYPTO: BTC)-centric policy contradicts his aim of correcting the U.S. trade imbalance with the world. What Happened: In an X post on Saturday, Schiff wrote, “Trump’s goals of solving the problems ...

The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point. What Happened: The U.S. supply chain is nearing a...

As tensions between the U.S. and China over trade reached a boiling point today, a statement of the legendary investor Charlie Munger has resurfaced on the topic of tariffs. What Happened: In a joint interview with CNBC alongside Warren Buffett and Bill Gates in 2019, Munger addressed the growing...

China’s Ministry of Commerce has dismissed rumors of ongoing trade discussions with the United States, labeling such claims as unfounded. What Happened: The Chinese Ministry of Commerce on Thursday, has denied any ongoing bilateral trade negotiations with the U.S.. The ministry stressed that...

Ken Griffin, founder of Citadel hedge fund, has expressed concern over the swift contraction of the market and the deterioration of the U.S.’s global financial standing, attributing these issues to the ongoing trade war. What Happened: Griffin, who is at the helm of the $65 billion hedge fund...

President Donald Trump has declared a significant reduction in the high tariffs placed on Chinese goods, although they will not be completely abolished. What Happened: At a White House press conference on Tuesday, Trump addressed earlier remarks made by Treasury Secretary Scott Bessent, who had...

CNBC commentator Jim Cramer has voiced concerns that the stringent China policy of the Trump administration is adversely affecting tech behemoths Nvidia Corporation (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL). What Happened: On Monday, Cramer pointed out that the Trump administration appears to...

Billionaire Entrepreneur Mark Cuban recently expressed his thoughts on tariffs, artificial intelligence (AI), robotics, and the potential for a recession in a recent interview. What Happened: In a discussion with Iman Hasan of Biohack-it on Friday, Cuban stated that he is not against tariffs,...

U.S. stock futures fell on Monday, following a holiday-shortened week that ended with a mixed performance on Thursday. Major benchmark indices were trading lower in the premarket session. Chinese Ministry of Commerce warned its trading partners of retaliation in case of Beijing’s isolation by...

The Xi Jinping administration’s Ministry of Commerce has warned against the U.S. using tariffs to coerce other countries into restricting economic and trade cooperation with China. What Happened: According to a recent release by the ministry (translated from Chinese to English using Google...