Nonilex<p>US <a href="https://masto.ai/tags/stocks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stocks</span></a> extended already deep losses as traders focused on remarks from <a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> Chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> amid global economic turmoil caused by <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s sweeping <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a>.</p><p>The S&P 500 was last down 4.3%, while the Nasdaq was down by about the same amount.</p><p><a href="https://masto.ai/tags/Oil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oil</span></a> plunged to its lowest level since 2021 & commodities including <a href="https://masto.ai/tags/NaturalGas" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NaturalGas</span></a> & <a href="https://masto.ai/tags/soybeans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>soybeans</span></a> also dived as <a href="https://masto.ai/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> retaliated against <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s aggressive tariffs.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
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#etttts
18 posts · 3 participants · 12 posts today
Nonilex<p>"We've taken a step back & we're watching to see what the policies turn out to be & the ways in which they will affect the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>. Then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that." thanks to <a href="https://masto.ai/tags/Biden" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Biden</span></a> / <a href="https://masto.ai/tags/Bidenomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bidenomics</span></a>]</p><p><a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TheFed</span></a>, he added is in the same place as everyone else, awaiting clarity on policies.<br>[again, cuz shit is crazy]</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> signaled that <a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TheFed</span></a> would not be making any hasty decisions on <a href="https://masto.ai/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>InterestRates</span></a>.</p><p>"It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> says <a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TheFed</span></a> does not forecast <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> probability.</p><p>"We don't actually, we don't make a probability forecast of how likely it is for there to be a recession, but many outside forecasters do, & many of them have raised the likelihood, …there's not much more I can say about that."</p><p>Powell stressed that he did not want to be part of a political discussion about <a href="https://masto.ai/tags/policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>policy</span></a>.</p><p>The Fed is not responsible for <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a>, <a href="https://masto.ai/tags/immigration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>immigration</span></a>, fiscal or other policies.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a></p>
Nonilex<p>Q & A:</p><p><a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> was asked about recent <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> comments on the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>. He said he would not comment.</p><p>He also said:</p><p><a href="https://masto.ai/tags/Unhappiness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Unhappiness</span></a> with economy seems rooted in <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> persisting.</p><p><a href="https://masto.ai/tags/Prices" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Prices</span></a> aren’t going down, people know they are paying more & are right not to be happy about it.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p>"The new administration is in the process of implementing substantial policy changes in four distinct areas <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a>, <a href="https://masto.ai/tags/immigration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>immigration</span></a>, fiscal policy & regulation [<a href="https://masto.ai/tags/deregulation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>deregulation</span></a>]," <a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> said.</p><p>"Our monetary policy stance is well positioned to deal with the risks & uncertainties we face as we gain a better understanding of the policy changes & their likely [adverse] effects on the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>. It is not our role to comment on those policies."</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> Chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JeromePowell</span></a> is speaking</p><p>Says <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> were far higher than expected & that larger than expected tariffs mean higher <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a>, slower growth.</p><p>"We face a highly uncertain outlook with elevated risks of both higher <a href="https://masto.ai/tags/unemployment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>unemployment</span></a> & higher inflation," undermining both of the <a href="https://masto.ai/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Fed</span></a>'s mandates of 2% inflation & maximum employment, Powell said in prepared remarks for a business journalists' conference.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p>Acc/to Olu Sonola, an economist at Fitch Ratings, the average <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the <a href="https://masto.ai/tags/GreatDepression" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatDepression</span></a>]. “This is a game changer, not only for the US economy but for the global <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>,” Sonola said in a statement. “Many countries will likely end up in a <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a>.”</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p>…The levies <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> announced on Wed are separate from the ones he has already imposed on <a href="https://masto.ai/tags/steel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>steel</span></a>, <a href="https://masto.ai/tags/aluminum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>aluminum</span></a>, & foreign-made <a href="https://masto.ai/tags/cars" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cars</span></a> & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open <a href="https://masto.ai/tags/trading" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trading</span></a> environment that reigned before 2016.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p>After weeks of nervous anticipation in the <a href="https://masto.ai/tags/financial" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>financial</span></a> <a href="https://masto.ai/tags/markets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>markets</span></a> & in the capitals of America’s <a href="https://masto.ai/tags/trading" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trading</span></a> partners, <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s “Liberation Day” <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> have arrived, &, even by his standards, they are shockingly high & wide-ranging. “For decades our country has been looted, pillaged, raped, & plundered by nations near & far,” Trump said on Wed to a crowd at the WH that included members of <a href="https://masto.ai/tags/UAW" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UAW</span></a>, & also elected <a href="https://masto.ai/tags/Republicans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Republicans</span></a>.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> has blown up a half century’s worth of globalization.</p><p>THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”</p><p>Trump’s one-man <a href="https://masto.ai/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> was already hurting the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>. His expansive new <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> will make things worse.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a> <br><a href="https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">newyorker.com/news/the-financi</span><span class="invisible">al-page/the-truth-about-donald-trumps-liberation-day</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> announced the <a href="https://masto.ai/tags/RareEarth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RareEarth</span></a> <a href="https://masto.ai/tags/minerals" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>minerals</span></a> controls late on Friday as part of a broader package of <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> & company restrictions in <a href="https://masto.ai/tags/retaliation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>retaliation</span></a> for <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s decision to hike tariffs against most Chinese products to 54%.</p><p>China announced additional tariffs of 34% on <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> goods.</p><p>It added 11 entities to the "unreliable entity" list.</p><p>And it filed a complaint at the World Trade Organization <a href="https://masto.ai/tags/WTO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WTO</span></a>.</p><p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <br><a href="https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/europe/eur</span><span class="invisible">ope-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/</span></a></p>
bk<p><span class="h-card" translate="no"><a href="https://flipboard.com/@npr" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>npr</span></a></span> <span class="h-card" translate="no"><a href="https://flipboard.com/@npr/business-uklg5idmz" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>business-npr</span></a></span> <br><a href="https://sfba.social/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a></p>
Nonilex<p>In case you’re unfamiliar: <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> - Everything Trump Touches Turns To Shit</p>
Nonilex<p><a href="https://masto.ai/tags/Oil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oil</span></a> has yo-yoed both on supply-&-demand issues but also the <a href="https://masto.ai/tags/MiddleEast" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MiddleEast</span></a> ceasefires between <a href="https://masto.ai/tags/Israel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Israel</span></a> & <a href="https://masto.ai/tags/Hamas" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hamas</span></a> & <a href="https://masto.ai/tags/Hezbollah" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hezbollah</span></a> that already look under threat.</p><p>Q2 doesn't look like it is going to get any easier on the whole.</p><p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> will be detailing his grand <a href="https://masto.ai/tags/global" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>global</span></a> <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> plan he has dubbed ‘liberation day' on Wednesday. For investors, the big question is whether it will end up triggering <a href="https://masto.ai/tags/recessions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recessions</span></a>.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> has been volatile as usual. It raced up almost 20% when <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> took office, only to dive nearly 30% when his plans for a <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <a href="https://masto.ai/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> reserve failed to impress.</p><p>And if you think that's bad just look at <a href="https://masto.ai/tags/Musk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Musk</span></a>’s <a href="https://masto.ai/tags/Tesla" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tesla</span></a> share price versus its main rival <a href="https://masto.ai/tags/BYD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BYD</span></a> since inauguration day. Ouch.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a></p>
Nonilex<p>At the bottom of the FX pile are <a href="https://masto.ai/tags/Turkey" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Turkey</span></a>'s <a href="https://masto.ai/tags/lira" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lira</span></a> & the <a href="https://masto.ai/tags/Indonesian" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Indonesian</span></a> <a href="https://masto.ai/tags/rupiah" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>rupiah</span></a>. The former is down nearly 7%, much of it after <a href="https://masto.ai/tags/Erdogan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Erdogan</span></a>'s main political rival was detained last week.</p><p>The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about <a href="https://masto.ai/tags/Jakarta" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Jakarta</span></a>'s finances & that it is sliding back towards <a href="https://masto.ai/tags/military" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>military</span></a> domination.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a></p>
Nonilex<p>"The <a href="https://masto.ai/tags/dollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dollar</span></a> view has unravelled very quickly this year," said State Street Global Markets' Michael Metcalfe. "I think there has been an element of take what was said at the start of the year & just flip it."</p><p>Just as jarring, the 'Magnificent Seven' <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <a href="https://masto.ai/tags/tech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tech</span></a> giants have been hit for 6. They have been a cash cow for portfolios for years but have shed nearly $2T & been left for dust by <a href="https://masto.ai/tags/Chinese" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Chinese</span></a> rivals & <a href="https://masto.ai/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a>'s defense firms.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a></p>
Nonilex<p>Markets in Q1: <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a></p><p>Whereas the major risk back in Jan was that <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s 'America first' policies would push <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> back up & prevent <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> interest rate cuts, now the most important risk is <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> risk.</p><p>That has spun the $140T global bond <a href="https://masto.ai/tags/market" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>market</span></a> 180°.</p><p><a href="https://masto.ai/tags/Gold" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Gold</span></a>, the ultimate safe port in a storm, has had its best quarter since 1986 due to Trump's <a href="https://masto.ai/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> & the <a href="https://masto.ai/tags/dollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dollar</span></a> is flirting w/its worst start to a year since the 2008 global bust.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <br><a href="https://www.reuters.com/markets/us/global-markets-q1-analysis-pix-2025-03-30/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/us/global-</span><span class="invisible">markets-q1-analysis-pix-2025-03-30/</span></a></p>
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