In trade negotiations. Bessent is highly qualified for the role, but is also tasked with finding quick solutions to complex issues while maintaining investor confidence in U.S. policies.
Bessent’s ascent is the direct outcome of the market turmoil that followed Liberation Day. When reporters asked him where the tariff negotiations were headed, his response was he did not know because he was not part of the negotiating team Source: Forbes
World's Biggest Pension Funds have halted their investments in the U.S. until the country stabilizes
Some of the world’s biggest pension funds are halting or reassessing their private market investments into the US, saying they will not resume until the country stabilises after Donald Trump’s erratic policy blitz. The moves underscore how big institutional investors are rethinking their exposure to the world’s largest economy as the US president’s trade policy upends markets, adding pressure to America’s private capital industry, which is under increasing liquidity strain. Some top Canadian funds are backing away from taking on more US private assets because of geopolitical concerns and fears they will lose tax breaks on their American investments. Canada Pension Plan Investment Board, which has C$699bn ($504bn) in assets, is among those considering its approach. Meanwhile, one of Denmark’s biggest retirement funds has paused new investments in US private equity because of concerns over stability and Trump’s threats to take over Greenland, an executive at the fund told the Financial Times. Source: FT, Barchart
NVIDIA TO MANUFACTURE AMERICAN-MADE AI SUPERCOMPUTERS IN US FOR FIRST TIME:
RTRS NVDA PLANS TO PRODUCE UP TO $500BN INFRASTRUCTURE IN THE US US VIA PARTNERSHIPS WITH TSMC, FOXCONN Source: zerohedge Image by created with DALL·E
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
