Fortune (March 2)
“S&P 500 futures were down 1.22% this morning as part of a broad global selloff in the stock markets triggered by the conflict between Iran and the U.S. and Israel.” Uncertainty prevails amid efforts to assess the likely severity of the conflict, which “could be serious enough to push oil over $100 per barrel.” For now, investors have “entered a worldwide ‘risk-off’ phase.”
Tags: $100 bbl, Conflict, Futures, Global selloff, Investors, Iran, Israel, of Oil, S&P 500, Severity, Stock markets, U.S., Uncertainty
Bloomberg (March 2)
“For a global economy that’s been muddling through Trump’s tariff rollout and growing uncertainty over the impact of Artificial Intelligence on labor markets, the latest spike in Middle East tensions adds yet more uncertainty. Travel chaos extended through the region and beyond, while the world’s largest container carriers had to reroute ships to avoid the Persian Gulf.”
Tags: Artificial intelligence, Container carriers, Labor markets, Middle East, Muddling, Persian Gulf, Reroute, Spike, Tariff, Tensions, Travel chaos, Trump, Uncertainty
CNN (February 24)
China is “the real winner from the Supreme Court’s tariff ruling.” As major trade partners face “renewed uncertainty,” the “dramatic rebuke to the US president’s trade agenda” has delivered “clear vindication” to its biggest economic rival. When Trump embarks to China in March, he will be missing one of his “go-to tools for economic negotiations with other nations” or, what China has decried as, “unilateral bullying.” Negotiating power “seems to have shifted dramatically” in China’s favor.
Tags: Agenda, China, Economic rival, Negotiations, Rebuke, Supreme Court, Tariff ruling, Trade partners, U.S., Uncertainty, Unilateral bullying, Vindication, Winner
New York Times (February 23)
“Tariff turmoil” has returned to global markets. “Businesses and U.S. trade partners are again grappling with the uncertainty of President Trump’s trade war, even as he imposes new levies.” The President is vowing to extend tariffs under other means, but the recent “Supreme Court decision is likely to scramble, or at least slow down, some corporate investment plans,” including “commitments to reshore supply chains in the U.S.”
Tags: Businesses, Corporate investment, Decision, Global markets, Grappling, Levies, Reshoring, Scramble, Supply chains, Supreme Court, Tariff turmoil, Trade war, Trump, U.S., Uncertainty
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 (November 6)
“President Trump’s barrage on global trade appears to have taken a hit” during questioning in front of the Supreme Court. “Concerns are growing that the Supreme Court could scramble the Trump administration’s tariffs strategy. That may be welcome news for free-trade advocates, but it could also unleash more uncertainty for businesses and Wall Street.” Market reaction was rapid as “the yield on 10-year Treasury notes spiked to 4.15 percent,” a sell-off that suggests “bond holders are fretting that an adverse ruling could deprive the government of revenues needed to offset the federal deficit.”
Tags: Barrage, Bond holders, Businesses, Free trade, Fretting, Global trade, Market reaction, Revenues, Scramble, Sell-off, Supreme Court, Tariffs strategy, Treasuries, Trump, Uncertainty, Wall Street, Yield
Wall Street Journal (August 18)
“The global economy appears to have taken a sharp rise in U.S. tariffs and increased uncertainty about the future of the international trading system in its stride, but faces stronger headwinds as tax rates continue to climb.” Many countries chose not to retaliate. “Forgoing retaliation may count as a series of losses for them and a sequence of wins for the U.S. But those choices are also wins for the global economy, and for now a return to the tit-for-tat mayhem of the 1930s seems unlikely.” The tariffs have nevertheless been detrimental, “but it will take some time before the impact of tariff increases that are already settled is clear, and it is likely that further increases in duties will add to the damage.”
Tags: 1930s, Climb, Damage, Duties, Global economy, Headwinds, Impact, International trading system, Mayhem, Retaliate, Tariffs, Tax rates, Tit-for-tat, U.S., Uncertainty
AP (August 1)
“For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline.” Instead, with a one week delay for tariff updates, he “injected a new dose of uncertainty for consumers and businesses still wondering what’s going to happen and when.” Precious “few things seemed to be settled other than the president’s determination to levy the taxes.” Even the “legality of the tariffs remains an open question,” with a federal appeals court hearing oral arguments on Trump’s authority to impose the tariffs.
Tags: Appeals court, Authority, Businesses, Consumers, Delay, Ironclad deadline, Legality, Levy, Oral arguments, Promising, Tariffs, Taxes, Trump, Uncertainty, Updates, World economy
Barron’s (July 7)
“Trade tensions are likely to recapture markets’ attention this week and through the summer months as President Donald Trump looks to ride his recent wins on taxes and immigration into tariff negotiations.” Since “reshaping the international trade system is a vastly complex enterprise,” the ensuing “uncertainty tied to trade talks… likely will be a feature for markets into the back half of the year and possibly beyond.”
Tags: Attention, Complex, Immigration, Markets, Recapture, Reshaping, Tariff negotiations, Taxes, Trump, Uncertainty
Barron’s (July 3)
“It’s a muddled picture, one that suggests that demographics and policies have slowed U.S. labor supply while uncertainty over future tariffs may have curbed labor demand. Clues for how this stasis plays out should emerge in the earnings reporting season set to kick off later this month.”
Tags: Clues, Curbed, Demographics, Earnings, Emerge, Future tariffs, Labor demand, Labor supply, Muddled picture, Policies, Reporting season, Stasis, Suggests, U.S., Uncertainty
