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The US president has promised his trade policy will help lower prices for consumers, but the consensus among economists is that new tariffs will drive up consumer prices.
From BBC
China says it will reduce the number of American-made films shown in its cinemas, claiming the tariff dispute has dampened audience appetite for Hollywood movies.
From BBC
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An escalating tit-for-tat retaliation between the U.S. and China could wipe out all bilateral trade between the the world's two largest economies.
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"Shark Tank" star Kevin O'Leary suggests China gets a taste of its own medicine, and that its market capitalization should be delisted in an effort to pressure them on tariff deals.
Asian markets are down despite Trump's tariff pause, ending a brief relief rally. Investors remain wary due to ongoing US-China trade tensions and high tariff rates. US futures are also falling, reflecting persistent market uncertainty and economic concerns.
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The unusual surge in long-term Treasury yields has rattled investors in the aftermath of President Trump's tariff-fueled "Liberation Day."
The cost of insuring against sovereign and corporate defaults on European and Asian debt fell on Thursday as investors breathed a sigh of relief at a pause on some of the heaviest U.S. tariffs.
A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sell government bonds to raise cash.