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US-China Trade War Looming, Warns Eurasia Group Founder Ian Bremmer at Davos
Published on: January 20, 2025, 10:01 PM UTC
Trump's first day back at the White House was marked by a delay in his major economic initiative, tariffs. While experts warned that major trade actions are still likely to come, this initial delay has had a positive effect on markets. The President's inaugural address hinted at his overall economic plans, including the overhaul of trade to protect American workers and redirect tax funds to enrich US citizens. Despite this, the Wall Street Journal reported that the administration's day one plan includes outlining Trump's trade vision without immediate tariffs. While some experts believe this move is merely delaying the inevitable conflict, others remain skeptical that the US and China can reach a meaningful agreement. During his campaign, Trump promised tariffs as high as 60% on Chinese goods and 25% on Mexican and Canadian products. Although there has been no immediate action against Canada and Mexico, Trump may still invoke the International Emergency Economic Powers Act, which grants him broad authority to deal with threats to national security or the economy. Other potential actions include tariffs under Section 301 and Section 232. Despite the relative calm in markets on Trump's first day back, analysts predict volatility and a potential rally in US dollar and equities in the future.
Published on: January 20, 2025, 10:01 PM UTC
Trump's first day back at the White House doesn't include major action on his biggest economic initiative – tariffs. While experts warn that major trade action isn't necessarily off the table, Trump's initial move appears to have had the intended effect of averting market volatility.
Published on: January 20, 2025, 10:00 PM UTC
Bitcoin retreats from record high after Trump inauguration, as traders anticipate pro-crypto policy directions from Trump's executive orders.
Published on: January 20, 2025, 10:00 PM UTC
Unlock the secrets of healthy eating and weight management with our comprehensive guide. Learn the fundamentals of nutrition, mindful eating, and lifestyle changes for a healthier and happier you.
Published on: January 20, 2025, 10:00 PM UTC
Emerging market currencies and stocks rise after Trump's inauguration, but investors await more details on trade policies and immigration plans.
Published on: January 20, 2025, 09:01 PM UTC
A cool-down period for tariffs? President Donald Trump does not take major action on his signature economic initiative, tariffs, during his first full day back in office.
Published on: January 20, 2025, 09:01 PM UTC
Newly sworn-in President Donald Trump appoints Mark Uyeda as acting chair of the SEC, replacing Gary Gensler's ambitious agenda. Uyeda is expected to shift focus away from transparency and crypto regulation.
Published on: January 20, 2025, 09:00 PM UTC
U.S. President Donald Trump's launch of a crypto token before his inauguration raises conflict-of-interest concerns due to its potential for influencing regulation and attracting speculative investments with little transparency.
Published on: January 20, 2025, 09:00 PM UTC
Statisticians often use scatterplots and linear regressions to analyze the relationship between two variables. However, correlation doesn't always imply causation, as this article demonstrates. It explores several examples where established correlations don't hold true in practice. Understanding the limitations of statistical analysis is crucial for informed decision-making, particularly in markets where intuition and data may not align.
Published on: January 20, 2025, 08:01 PM UTC