The shipping containers and gantry cranes beyond a fishing boat near the deep water port of Yangshan in Shanghai, China, Wednesday, December 6, 2023. The commercial figures of China are scheduled to release on December 7.
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In just a few hours, Trump’s prices will be hampered – which includes a horrible right of 104% on Chinese imports.
Despite growing dismay and a concern expressed by economists and CEOs, Trump administration officials were stubborn in the defense of its trade policies. Treasury secretary, Scott Bessent, told CNBC on Tuesday that around 70 countries wanted to discuss agreements with the White House, while sales advisor Peter Navarro said on Friday that the prices were not negotiable. (The question of whether the discussion of the agreements is a form of negotiation is apparently questionable.)
But at least one member of Trump’s executive does not seem too happy with the prices. Elon Musk, without tackling in particular the White House trade policies, described Navarro – the best commercial advisor in the administration – as a “moron” and “dangerously stupid”. Musk is the de facto doge leader, a key role in the Trump administration. He is also CEO of Tesla, a multinational company.
However, given how firmly recommended for the prices, it does not seem likely that Musk’s public quarrel did not like Navarro’s public quarrel to wounded world trade.
What you need to know today
Prices ready to get into play
Customs and the protection of American borders Start applying the new price of President Donald Trump on April 9, 2025, at 12:01 HAE, the agency said in a press release. This includes an obligation of 104% on Chinese imports, which Trump introduced after China retaliated with his own prices, confirmed a White House official in CNBC. The Treasury Secretary, Scott Bessent, said on Tuesday that China’s response “was a big mistake” and a “losing hand”.
Early rally in American markets is purged
American actions fell on Tuesday, abandoning the gains of a rally earlier during the day. THE Industrial average Dow Jones Has 0.84%, even if it increased by 3.9% during the day. THE S&P 500 decreased by 1.57% and the Nasdaq Composite At 2.15% fell – the first lost more than 12% and the second fell by more than 13% in the last four negotiation sessions. Regional Europe Stoxx 600 The index added 2.72%, stimulated by insurance shares, which increased by 4.08%.
Microsoft the most precious company
Apple On Tuesday 5% Tuesday, on Tuesday puts its losses in the past four days to 23%, giving the company based in Cupertino a market capitalization of 2.59 billions of dollars. It means MicrosoftWhich is worth 2.64 billions of dollars, is again the most precious public enterprise in the world. Apple is the hardest part of Tech Megacap companies because of its dependence on China – and the manufacture of iphones in the United States is not “one thing”, according to an analyst.
Musk obtains attacks on Navarro
Tesla CEO Elon Musk Tuesday faded Trump’s best sales advisor Peter Navarro, as “really a moron”. Musk responded to Navarro’s comment that Tesla is more a “car assembler” than a car manufacturer. Asked about the quarrel, the White House press secretary, Karoline Leavitt, said: “The boys will be boys, and we will let their public fight continue.” Tesla’s shares have dropped by 22% in the last four negotiation sessions.
[PRO] Stocks to benefit from commercial transactions
US Treasury Secretary Scott Bessent said that around 70 countries contacted the White House to discuss tariff proposals. Some of these countries could first reach an agreement, which could raise the actions of companies that have close trade relations in these places.
And finally …
The air transport industry has been paralyzed by a perfect storm of challenges in recent weeks, labor shortages and disruption of the supply of fuel prices.
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The President of the Emirates, Tim Clark
“Right now, we are in a troubled period,” said Emirates president Tim Clark, CNBC in an interview registered on March 20 – before Washington’s announcement of his last global samples.
“It is unexplored because it implies a reset measure at a level that the world economy has probably not seen since the financial crisis of 2008-2009,” said Clark, highlighting increasing pressure on carriers and the training effect through the aviation supply chain.
The boss of the Emirates offered a strong interpretation of the motivations of the Trump administration, supervising the climbing of trade as a deliberate “commercial reset” aimed at reshaping world trade – although he warned that he could trigger “troubled waters” in the interval.
