Economics

Average egg prices have fallen by more than $1 since March, but Trump’s trade war is tossing fresh unknowns into consumers’ carts.

A growing number of ads on Chinese social media offer exporters in China re-exporting and freight forwarding services to hide the place of origin of goods.

The UK is allowed to export 100,000 cars a year to the US at the lower rate.

When DHL delivered mail to Adafruit Industries last week, it wasn't a typical invoice but a gut punch: a $36,126.46 customs duty bill that had to be paid within seven days.

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffs

Major corporations are best placed to benefit from Trump polices at the expense of independent farmers

Fed Chair Jerome Powell has delivered an alarming warning about Trump’s tariffs causing stagflation.

A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets.

The immediate costs of Donald Trump’s trade war are fairly clear. Prices for imported goods are rising while economic growth is slowing.

Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade.

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.

The Senate on Thursday approved an effort to overturn an Environmental Protection Agency rule tied to the Clean Air Act and designed to limit 7 of the most hazardous air pollutants that are emitted by heavy industry.

Many Americans might not have felt major effects from Donald Trump’s sweeping tariffs – until now.

https://archive.ph/EAI45

McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.

Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

Nvidia CEO Jensen Huang said Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

KEY POINTS

https://archive.is/2025.04.29-231330/https://www.ft.com/content/a815323b-ae2b-4586-aec2-39dec35726f0

https://archive.ph/sldpF

KEY POINTS

PepsiCo’s earnings call pointed to anxious consumers as to why sales had slowed, echoing comments by Chipotle and Procter & Gamble.

Prices have surged as the costs of the Trump’s tariffs are passed along to consumers.

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

Donald Trump spent his first 100 days back in the Oval Office driving an economy that the world envied to the brink of crisis, risking America’s reputation as a financial safe haven and fostering fear among voters who’ve lost confidence in his leadership.

Years of elevated prices have strained all but the wealthiest consumers, and low- and middle-income Americans say something needs to change

The Californian economy has overtaken Japan's to become the fourth-largest in the world by gross domestic product (GDP).

China on Thursday denied any suggestion that it was in active negotiations with the Trump administration over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.”

Germany was the only G7 economy that failed to grow for the last two years, and is on track for a third year without growth in 2025.

Key Points

Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions.

With many stock markets in the red and Dow Jones headed for worst April since 1932, gold could even reach $4,000

The proposed levies - targeting companies in Cambodia, Thailand, Malaysia and Vietnam - are in response to allegations of subsidies from China and the dumping of unfairly cheap products in the US market.

Summary - FDIC plans to cut workforce by 20% - Initiatives include early retirement and resignation incentives - Layoffs may occur if voluntary exits insufficient

Trump amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffs

A Boeing aircraft that was set to be delivered to an airline in China returned to the U.S. over the weekend, a sign of the emerging trade war between the world's two biggest economies.

For decades, the U.S. financial system has been regarded as one of the most stable and powerful in the world. Now, there are fears that something unprecedented may be happening as a result of Trump's tariffs: Investors everywhere may be losing their faith in the United States.

https://archive.is/2025.04.19-045009/https://www.nytimes.com/2025/04/18/business/trump-powell-fed-markets.html

Summary

https://archive.is/35sVV

cross-posted from: https://lemmy.dbzer0.com/post/42580190

“The safe haven properties of the dollar are being eroded,” said Deutsch Bank in a note to clients warning of a “confidence crisis.”

KEY POINTS

Economist Erica York warned that Trump’s 145% cumulative tariff rate on Chinese imports effectively ends most U.S.-China trade.

U.S. egg prices hit a record $6.23 per dozen in March, defying Trump’s claims of relief and despite falling wholesale prices and no new bird flu outbreaks at egg farms.

https://archive.ph/GPuk9

US stocks fell sharply Thursday after a historic rally, as investors refocused on lingering economic damage from Trump's tariffs. The Dow dropped over 900 points, with the S&P 500 and Nasdaq also down.

China’s yuan hit its weakest level since 2007 after Trump’s new tariffs on Chinese goods took effect, deepening U.S.-China trade tensions.

This is how an assumption that jobs are an inherent good has created a backwards understanding of economics that has made people in countries toil harder and have less.

Trump’s sweeping tariffs triggered a sharp sell-off in U.S. government bonds, driving 10-year yields from 3.9% to 4.5% and eroding investor confidence in Treasuries as a safe haven.

https://archive.ph/2025.04.09-111259/https://www.bloomberg.com/news/articles/2025-04-09/china-raises-tariffs-on-us-goods-to-84-as-trade-rift-escalates

German engine maker Deutz said it will fully pass Trump’s new 20% tariffs on EU imports to American customers through price hikes.

China will raise tariffs on U.S. goods to 84% from 34% starting April 10, retaliating against Trump’s 104% tariffs on Chinese imports.

US government bonds are experiencing a major sell-off amid market panic over Donald Trump’s renewed tariff war with China, including 104% levies on Chinese goods.

Trump’s recent tariff hikes have triggered a sharp market downturn, prompting backlash from wealthy former allies.

Trump will raise tariffs on all Chinese imports to at least 104% starting Wednesday, after China refused to withdraw planned 34% retaliatory tariffs.

Alternative link

China vowed to "fight to the end" after Trump threatened a 50% tariff increase if Beijing doesn't reverse its 34% retaliatory tariff.

Trump threatened to impose a new 50% tariff on Chinese imports if Beijing does not withdraw its planned 34% retaliatory tariff by April 8.

Economists warn Trump’s sweeping global tariffs may raise consumer prices, weaken the U.S. dollar, and make the country less attractive to investors.

Tesla shares fell 10% to $214.80 on Monday, hitting a new low weeks after Commerce Secretary Howard Lutnick urged Americans to buy the stock, calling it “unbelievably cheap.”

https://archive.ph/JKT85

KEY POINTS - JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. - He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash. - “Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”

Asian stock markets suffered historic losses Monday as fallout from Trump’s sweeping new tariffs hit global markets.

U.S. stock futures dropped sharply Sunday night following last week's historic $6.6 trillion market wipeout, as Trump’s aggressive new tariffs roiled global markets.

Trump administration officials warned Sunday that markets should not expect relief from upcoming tariffs, despite a $6 trillion stock market drop late last week.

https://archive.ph/Pfx5u