New York Times (May 14)
President Biden unveiled “a wave of new tariffs on billions of dollars in Chinese products, ramping up duties on industries like electric cars and solar energy that are core to his economic agenda.” The new duties cover roughly $18 billion of annual Chinese imports and are in addition to the $300 billion worth of Chinese imports already covered by existing tariffs. The new tariffs will “appeal to voters in battleground states,” but it’s unclear if they will be “enough to rebuild America’s industrial base in a global race with China to lead in the new economy.”
Tags: $18 billion, $300 billion, Battleground states, Biden, China, Duties, Economic agenda, EVs, Imports, Industrial base, Solar energy, Tariffs, U.S., Unveiled, Voters
Bloomberg (February 9)
“Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.”
Tags: $300 billion, Bearish bets, Demand, Fed, Historic norms, Inflation, Market, Money managers
Market Watch (October 27)
“Amazon and Microsoft prove that cloud growth has hit a plateau and investors are ripping away more than $300 billion in valuation because of it, but the technology will still be at the core of computing for generations ahead.”
Tags: $300 billion, Amazon, Cloud growth, Computing, Core, Generations, Investors, Microsoft, Plateau, Technology, Valuation
