trade war

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...

JPMorgan (NYSE:JPM) has predicted that the ongoing tariff war initiated by President Donald Trump could lead to some agreements between the US and its trade partners, along with a significant rise in tax rates. What Happened: The global investment strategy team at JPMorgan Wealth Management has...

In the latest development in the ongoing U.S.-China trade conflict, U.S. President Donald Trump has called upon China to initiate negotiations. What Happened: White House Press Secretary Karoline Leavitt conveyed Trump’s sentiments during a Tuesday press briefing, stating, “...

Amid the ongoing tariff dispute between the U.S. and China, a White House fact sheet has revealed that President Donald Trump‘s administration has raised tariffs on Chinese imports by up to 245%. What Happened: According to a fact sheet released by the White House late Tuesday, “China...

After reporting better-than-expected first quarter results, Goldman Sachs Group Inc. (NYSE:GS) highlighted in its earnings call that the bank navigated the market volatility with record equity revenue and warned about “material risks” to the U.S. and global economies amid the ongoing...