Economics

Cut in low-value ‘de minimis’ tariff marks further de-escalation of trade war and will benefit Shein and Temu

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Average egg prices have fallen by more than $1 since March, but Trump’s trade war is tossing fresh unknowns into consumers’ carts.

A growing number of ads on Chinese social media offer exporters in China re-exporting and freight forwarding services to hide the place of origin of goods.

The UK is allowed to export 100,000 cars a year to the US at the lower rate.

When DHL delivered mail to Adafruit Industries last week, it wasn't a typical invoice but a gut punch: a $36,126.46 customs duty bill that had to be paid within seven days.

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffs

Major corporations are best placed to benefit from Trump polices at the expense of independent farmers

Fed Chair Jerome Powell has delivered an alarming warning about Trump’s tariffs causing stagflation.

A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets.

The immediate costs of Donald Trump’s trade war are fairly clear. Prices for imported goods are rising while economic growth is slowing.

Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade.

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.

The Senate on Thursday approved an effort to overturn an Environmental Protection Agency rule tied to the Clean Air Act and designed to limit 7 of the most hazardous air pollutants that are emitted by heavy industry.

Many Americans might not have felt major effects from Donald Trump’s sweeping tariffs – until now.

https://archive.ph/EAI45

McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.

Nvidia CEO Jensen Huang said Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

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https://archive.is/2025.04.29-231330/https://www.ft.com/content/a815323b-ae2b-4586-aec2-39dec35726f0

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https://archive.ph/sldpF

PepsiCo’s earnings call pointed to anxious consumers as to why sales had slowed, echoing comments by Chipotle and Procter & Gamble.

Prices have surged as the costs of the Trump’s tariffs are passed along to consumers.

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

Donald Trump spent his first 100 days back in the Oval Office driving an economy that the world envied to the brink of crisis, risking America’s reputation as a financial safe haven and fostering fear among voters who’ve lost confidence in his leadership.

Years of elevated prices have strained all but the wealthiest consumers, and low- and middle-income Americans say something needs to change

The Californian economy has overtaken Japan's to become the fourth-largest in the world by gross domestic product (GDP).

China on Thursday denied any suggestion that it was in active negotiations with the Trump administration over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.”

Germany was the only G7 economy that failed to grow for the last two years, and is on track for a third year without growth in 2025.

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Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions.

With many stock markets in the red and Dow Jones headed for worst April since 1932, gold could even reach $4,000

The proposed levies - targeting companies in Cambodia, Thailand, Malaysia and Vietnam - are in response to allegations of subsidies from China and the dumping of unfairly cheap products in the US market.

Summary - FDIC plans to cut workforce by 20% - Initiatives include early retirement and resignation incentives - Layoffs may occur if voluntary exits insufficient

Trump amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffs

A Boeing aircraft that was set to be delivered to an airline in China returned to the U.S. over the weekend, a sign of the emerging trade war between the world's two biggest economies.

For decades, the U.S. financial system has been regarded as one of the most stable and powerful in the world. Now, there are fears that something unprecedented may be happening as a result of Trump's tariffs: Investors everywhere may be losing their faith in the United States.

https://archive.is/2025.04.19-045009/https://www.nytimes.com/2025/04/18/business/trump-powell-fed-markets.html

Summary

https://archive.is/35sVV

cross-posted from: https://lemmy.dbzer0.com/post/42580190

“The safe haven properties of the dollar are being eroded,” said Deutsch Bank in a note to clients warning of a “confidence crisis.”

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A Texas judge on Tuesday threw out a federal rule that would have capped credit card late fees after officials with Donald Trump’s administration and a coalition of major banking groups agreed that the rule was illegal.

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Analysis finds Amazon, Meta, Alphabet, Netflix, Apple and Microsoft averaged 18.8%, compared with 29.7% US average

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Minimum prices protect EU's major auto nations from too much Chinese EV plants in new EU countries. There are still likely to be some, especially if they can sell below minimum price at least in home country.

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on China

Summary - PM says Japan won't rush to strike deal with US - BOJ chief warns US tariffs sharply heighten economic uncertainty - Finmin Kato warns excess FX volatility could harm growth - Goldman says BOJ may halt rate hikes if yen nears 130 vs dollar

Summary

https://archive.is/2025.04.13-184415/https://www.ft.com/content/845917ed-41a5-449f-946f-70263adbaeb7

Tariffs are making life more expensive for John Pihl. He's been farming in Northern Illinois for more than 50 years.

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The Trump administration's volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid — the added business costs.

The supply chain is in shambles, and technology companies are trying to adapt

Economist Erica York warned that Trump’s 145% cumulative tariff rate on Chinese imports effectively ends most U.S.-China trade.

U.S. egg prices hit a record $6.23 per dozen in March, defying Trump’s claims of relief and despite falling wholesale prices and no new bird flu outbreaks at egg farms.

https://archive.ph/GPuk9

U.S. stocks and the dollar plunged Thursday after the White House confirmed a 145% tariff on Chinese imports, worsening trade tensions.

China’s yuan hit its weakest level since 2007 after Trump’s new tariffs on Chinese goods took effect, deepening U.S.-China trade tensions.

Trump’s sweeping tariffs triggered a sharp sell-off in U.S. government bonds, driving 10-year yields from 3.9% to 4.5% and eroding investor confidence in Treasuries as a safe haven.

German engine maker Deutz said it will fully pass Trump’s new 20% tariffs on EU imports to American customers through price hikes.