[ad_1] JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.” Stagflation is…
[ad_1] ‘What does Trump want?’ is a question much of the world has struggled to answer for weeks since US President Donald Trump imposed sweeping tariffs on trade partners, as well as no-commercial trade geographies inhabited only by penguins and seagulls, and then put them most on pause. He raised tariffs on China, then raised…
[ad_1] On April 4, 2025, the Trump administration formally announced the reintroduction of sweeping “reciprocal tariffs.” These proposed duties aimed to match or exceed the import tariffs other nations impose on American goods. Despite their aggressive tone, they have deferred their actual implementation by 90 days, bringing the effective date to early July 2025. This…
[ad_1] The past few days have seen notable shifts of geopolitical and trade significance. Prime Minister Narendra Modi has reset red lines for India’s engagement with Pakistan. Elsewhere, the US and China called a momentary truce in their trade war, with talks underway on a bilateral deal. As history is moving at a frenetic pace,…
[ad_1] Container bookings from China to the US have already fallen by 60%, and orders for all kinds of Chinese products have been cancelled. When the effects of this slowdown hit the US, not only will consumers find it difficult to buy Chinese-made goods, so will many US businesses, which sell these imports or use…
[ad_1] Global crude oil prices posted a sharp drop after Opec decided to enhance its oil supply for the second month in a row. The price of Brent crude slid sharply to under $60 per barrel on Monday, the lowest it has reached in four years, after the Saudi Arabia-led oil cartel said it would…
[ad_1] This past month, the international press was full of news about unilateral actions taken by the US under President Donald Trump. There is much analysis of his ‘reciprocal’ tariffs, possible theories behind why they were imposed, their impact on financial assets—most particularly on US bonds—and his pause for 90 days of all country-specific tariffs…
[ad_1] The script has played out as predicted. The reaction from stock, bond, credit and currency markets forced Trump not only to back down from his ‘reciprocal’ tariffs against most of America’s trade partners, but also to beg China to sit down and negotiate. In the game of chicken between Trump and Chinese President Xi…
[ad_1] Gold rate today: Following a rebound in the US dollar rates and ease in the US-China trade war tension, gold prices have been under the selling heat for the last three sessions. After climbing to the record high of ₹99,358 per 10 gm levels, MCX gold rates ended just above ₹95,000 per 10 gm…
[ad_1] For all his grandstanding, barely three months since taking office, US President Donald Trump has virtually reversed his headline-grabbing tariffs, barring the de minimis 10% on all countries and 20-25% on steel, aluminium and automobiles. Item-specific tariffs on computers, smartphones and electronic peripherals from China have also been reversed for the moment, with a…
