China has suspended exports of certain rare earth minerals and magnets to the U.S. and other countries
It’s also drafting new regulations to block these materials from reaching American companies Source: Stocktwits
Indeed...
Source: @AesPolitics1
BILLIONAIRE RAY DALIO: ‘I’M WORRIED ABOUT SOMETHING WORSE THAN A RECESSION’ - CNBC
“Right now we are at a decision-making point and very close to a recession,” Dalio said on NBC News “And I’m worried about something worse than a recession if this isn’t handled well”
The US bond market just delivered a vote of no confidence in Trump.
The yield curve is steepening sharply, w/2s/10s yield spread rising to 109bps — the widest gap since 2020. Source: Bloomberg, HolgerZ
Breaking news: China’s finance ministry said the increase from current additional levels of 84% would take effect from April 12.
Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT
Markets are dumping the dollar in Asia as the Dollar Index $DXY plunges below 100
Euro = 1.13 Yen = 143 Swissie = 0.8194 Source: zerohedge
USA CDS spread are blowing out, now trading wider (worse) than France and South Korea (and almost as bad as Italy and Greece)...
Source: zerohedge
Sorry folks, but even after today’s flip-flop, we’re still looking at the biggest tariffs since the 1930s.
Source: BCA thru Peter Berezin
