Washington Post (February 8)
China’s President Xi Jinping would like the renminbi to become a globally recognized reserve currency. He “seeks to capitalize on the dollar’s value slipping to a four-year low and gold recently hitting an all-time high amid uncertainty caused by President Donald Trump’s tariffs, threats to Federal Reserve independence and myriad geopolitical crises.” However, China appears to be “in no position to achieve his vision absent self-sabotage by the United States and free market reforms he is hesitant to undertake.”
Tags: Capitalize, China, Dollar, Fed, Geopolitical crises, Gold, Independence, Renminbi, Reserve currency, Self-sabotage, Tariffs, Threats, Trump, U.S., Uncertainty, Vision, Xi
New York Times (February 5)
“Prime Minister Mark Carney of Canada announced on Thursday a sweeping plan to offer billions of dollars in incentives and tax breaks for auto industry investment designed to help turn Canada into a global leader in electric vehicles.” Through the new policies, the Prime Minister intends “to transform Canada’s economy and make it less reliant on a single trade partner after President Trump’s economic assaults and threats on Canada’s sovereignty have frayed relations between the two nations.”
Tags: Auto industry, Canada, Carney, Economy, EVs, Global leader, Incentives, Investment, Prime minister, Reliant, Tax breaks, Threats, Trade partner, Trump, U.S.
New York Times (January 24)
“The world will remember Trump’s Greenland outburst.” The President’s “immoral threats against a loyal NATO ally have escalated a crisis in U.S.-European relations, weakened one of history’s most successful alliances and hurt American interests in tangible ways…. Leaders in Beijing and Moscow are no doubt thrilled. America is less safe than it was a week ago.”
Tags: Alliances, Ally, Beijing, Crisis, Escalated, Europe, Greenland, Immoral, Less safe, Moscow, Nato, Outburst, Threats, Thrilled, Trump, World
Fortune (January 18)
“The greenback dropped while precious metals rallied Sunday as financial markets started reacting to President Donald Trump’s new tariff threats.” On Saturday, Trump announced 8 European allies would face “a 10% tariff starting on Feb. 1 that will rise to 25% on June 1, until a ‘Deal is reached for the Complete and Total purchase of Greenland.’” His latest threat revived smoldering fears centering on “U.S. debt and reserve currency status.”
Tags: 10%, 25%, Allies, Debt, Fears, Financial markets, Greenback, Greenland, Precious metals, Rallied, Reserve currency, Tariff, Threats, Trump
MarketWatch (August 26)
“Wall Street is more focused on Nvidia than on threats to Fed independence. That may be a big mistake.” The “muted reaction to Trump’s attempt to fire Fed’s Lisa Cook indicates markets are ‘not properly priced’ for a rupture in the monetary-policy process.”
Tags: Attempt, Cook, Fed independence, Fire, Markets, Mistake, Muted reaction, Nvidia, Properly priced, Rupture, Threats, Trump, Wall Street
New York Times (April 21)
“President Trump’s trade war has completely upended investment flows, with global investors selling off U.S. stocks and corporate and government bonds at a clip unlike anything Wall Street has seen in recent years.” Though some semblance of “calm returned to the corporate and government bond markets late last week,” analysts are still wary of “Trump’s next moves, fearing that his protectionist policies and threats against federal institutions could re-accelerate money flows out of the United States, hitting the dollar especially hard.”
Tags: Analysts, Bonds, Calm, Corporate, Global investors, Institutions, Investment flows, Markets, Money flows, Protectionist, Stocks, Threats, Trade war, Treasuries, Trump, U.S., Upended, Wall Street
Financial Times (March 20)
Though Accenture “did not cut its full-year earnings guidance, as some analysts had expected,” the consulting group “has warned that Elon Musk’s efforts to slash US government spending have started to affect its revenues.” It also highlighted “threats from global economic uncertainty.” Government contracts account for approximately 8% of Accenture’s revenue, and the firm’s shares “are now down 15 per cent since Trump’s inauguration in January.”
Tags: Accenture, Analysts, Consulting, Earnings guidance, Economic uncertainty, Expected, Government spending, Musk, Revenues, Shares, Slash, Threats, Trump, U.S.
FeightWaves (March 20)
“FedEx Corp. reduced its full-year guidance for the third consecutive quarter because of intensifying macroeconomic headwinds and uncertainty in the U.S. industrial economy, which are crimping higher margin B2B shipping services.” One major source of uncertainty is “the rapid escalation of tariffs and tariff threats from the United States, which is inviting retaliation and worries of diminished consumer demand because of higher prices.”
Tags: B2B, Consumer demand, FedEx, Guidance, Headwinds, Industrial economy, Intensifying, Macroeconomic, Prices, Reduced, Retaliation, Shipping services, Tariffs, Threats, U.S., Uncertainty, Worries
Reuters (November 18)
“Renowned China hawks” like Robert Lighthizer, Mike Walz and Marco Rubio “are not the names Beijing wants popping up in President-elect Donald Trump’s early cabinet appointments. Markets agree, as the yuan has fallen about 2% against the dollar since Trump’s victory at the polls.” If Trump “follows through on threats to raise American tariffs on imports from China to as much as 60%” there will be more “downward pressure.”
Tags: Appointments, Cabinet, China, Dollar, Hawks, Imports, Lighthizer, Markets, Rubio, Tariffs, Threats, Trump, Walz, Yuan
Wall Street Journal (April 8)
“Japan knows the Ukraine stakes.” In contrast, U.S. critics, especially Republican members of Congress are wavering on Ukraine aid, suggesting “the war in Europe is a distraction from more serious threats in Asia.” Tokyo realizes “a Russian victory may encourage Chinese imperialism.” Hopefully, during his visit next week, Prime Minister Kishida “can disabuse” Republicans of their errant notion. His government’s foreign policy “reflects the seriousness of the current geopolitical moment. Japan recognizes that the threat to the well-being of free nations is global.”
Tags: Aid, Asia, China, Congress, Critics, Europe, Free nations, Japan, Kishida, Republican, Russia, Stakes, Threats, U.S., Ukraine, War, Wavering, Well-being
