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10.10.25 - 23:42
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Trump Threatens China Tariffs, Sending Ripple Through Global Markets (Bloomberg)
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US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country's leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals. The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America." Trump's announcement sent US stocks into a tailspin as traders rushed to bonds. Bloomberg International Economics & Policy Correspondent Michael McKee joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Emily Graffeo. (Source: Bloomberg)...
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10.10.25 - 19:24
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Stocks Tumble as US, China Trade War Flares (Bloomberg)
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Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold.
President Donald Trump's threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week that saw concern build about a bubble in artificial-intelligence companies. His remarks sent the S&P 500 down over 1.5%, with the gauge set for its worst day since April. The dollar slid at the end of its best week this year. Crude plunged 4%. Bloomberg's Tom Keene reports. (Source: Bloomberg)...
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10.10.25 - 17:45
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Stocks Slammed, VIX Spikes As Trump Threatens "Massive Increase" In Tariffs On Chinese Goods (ZeroHedge)
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Stocks Slammed, VIX Spikes As Trump Threatens "Massive Increase" In Tariffs On Chinese Goods
US equity markets are tumbling following comments from President Trump threatening “a massive increase of tariffs on Chinese products” being imported into the US, accusing China of becoming “hostile” due to their export controls
Additionally, Trump said he saw “no reason” to meet Chinese President Xi Jinping
This immediately prompted a wave of selling pressure across all equity indices with Nasdaq down over 2%...
But some US rare earth companies popped...
Treasuries are bid...
VIX spiked above 21...
Trump took to social media and penned a lengthy, angry note (emphasis ours):
Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it'...
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