On January 24th, according to Reuters and Bloomberg, US President Trump said in an interview with Fox News Network broadcast on the evening of January 23 local time that he would rather not impose tariffs on China, while insisting that tariffs are a "great power". Reuters reported in December last year that the Federal Reserve Bank of New York also believes that the imposition of tariffs on China hurts US companies, and companies that have trade relations with China bear the brunt. At present, C...
TD Securities pointed out that Trump's tariffs could have a huge impact on precious metals prices, but more importantly... click to view...
Trump's tariff threat has heightened trade war fears, and Canada has started sending crude oil to the United States in large quantities to complete the deal before the tariffs are implemented. Click to view
President Trump: The European Union will face tariffs.
Trump said he would impose tariffs on European Union goods.
On January 20th, analysts at financial website Forexlive said that at this stage, any move to impose tariffs quickly will be seen by the market as a negative factor for the risk. Previously, multiple media reported that Trump will soon issue executive orders on immigration, energy and government recruitment policies. But in the reports about these leaks, there is no mention of tariffs. Based on the information currently available, it may be reasonable to conclude that "tariffs (related policies)...
On January 16, the Federal Reserve Beige Book said that most Federal Reserve districts reported strong holiday sales during the reporting period, which exceeded expectations. Auto sales rose to some extent. Construction activity generally declined. Manufacturing overall fell slightly, and some reserve districts reported that manufacturers were stockpiling inventory in anticipation of tariff increases. Activity in the residential real estate market was flat overall, with high lending rates contin...
Market news: The Trump team is studying a 2% -5% increase in tariffs on a monthly basis, but Trump himself has not yet evaluated or approved the idea of gradual tariffs.
Former Federal Reserve Vice Chairperson Randall Quarles: Tariffs could lead to a rate cut by the Federal Reserve to some extent. Expect a large number of people to be deported from the United States, but it will not affect the labor market. (Jin Ten)
Tariff cannons and rising geopolitical risks further increase the attractiveness of gold, but there are still signs of pressure on the rise in gold prices. Investors are waiting for tonight's non-farm data. Unless this high can be broken, the probability of a bullish breakout is not high.
The Trump administration's aggressive tariff policies could lead to further inflation, but economic models suggest it will be a one-off increase in the price level rather than a long-term inflationary spiral. That could convince the Fed to be more patient in dealing with tariff-induced inflation, especially as the labor market continues to slow, said Jay Bryson, an economist at Wells Fargo. His view supports Wells Fargo's benchmark forecast that the Fed will cut interest rates three more times t...
On December 28th, the Tariff Commission of the State Council recently issued the "2025 Tariff Adjustment Plan". In order to enhance the linkage effect of the two resources in the domestic and international markets, a provisional import tax rate lower than the most-favored-nation tax rate will be implemented for 935 commodities in 2025. First, support the development of new productivity led by scientific and technological innovation, and reduce the import tariffs of cycloolefin polymers, ethylene...
U.S. Treasury Secretary Janet Yellen said Trump's broad-based tariffs could undermine progress on inflation and increase costs.
President Biden has said that raising tariffs would be a major mistake.