Tag: trade war
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Confusion on tariffs as President Trump says no exceptions have been made: markets begin to ignore to tariffs discourse
Confusion is running deep over tariffs, as President Trump issued a statement yesterday denying that he ever announced tariff exemptions on China, contrary to what he described as the “fake news media reports”. The exceptions listed in the White House document include smartphones, computers, semiconductors and other electronic parts as was correctly reported by the…
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President Trump caves on Chinese tariffs and exempts computer products
Following a tit-for-tat tariff battle between China and the US in which the US raised tariffs on Chinese products by up to 145% and China reciprocated by tariffs on US products with 125% tariffs, President Trump caved in and issued an exemption for Chinese tariffs on a list of electronic products including computers, smartphones, and…
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Interview on tariffs with the President of the Chamber of Commerce
Earlier this month, The Malta Chamber of Commerce, Enterprise and Industry, elected its 73 President. William Spiteri Bailey the previous Vice-President of the Chamber was elected in his new role as President on April 1st. He is an experienced auditor and worked with RSM Malta and PG among other companies, and previously lead the Services…
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“Walter Bloomberg” was right: stock markets rebound as Trump announces 90-day tariff reprieve
Stock markets have rebounded adding more than $4 trillion in value after President Trump announced a 90-day reprieve for his global tariff war lowering US tariffs on most countries to just 10%. However, President Trump added tariffs on China will remain and will increase to the tune of up to 125% after China retaliated with…
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No retaliation by the EU on tariffs: EU wants 0 tariffs with the US on industrial goods
Contrary to yesterday’s reports by Reuters, the European Union has not retaliated against US tariffs yet, but the EU Commission President did announce in a press conference that the EU is ready to enact 0% tariffs on all industrial goods with the US. The EU responded to President Trump’s initial declaration of his global trade…
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Netanyahu visits the White House: Trump to mediate between Turkey and Israel
Israeli Prime Minister Benjamin Netanyahu travelled to the US following his visit to Hungary last week. He began his visit with a meeting with Commerce Secretary Howard Lutnick and met President Donald Trump the following day. In a joint press conference, President Trump and Prime Minister Netanyahu reaffirmed their commitment to pursuing their plan to…
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“Walter Bloomberg” saves the stock market: fake news tweet on tariffs suspension followed by $2.5 trillion swing in the S&P500
A popular financial news account on X.com (Twitter), with over 800,000 followers and operating under the pseudonym “Walter Bloomberg” that uses a photo of Russian actor Vyacheslav Shatnenko, tweeted a fake news item claiming that President Trump was considering a 90-day suspension of the tariffs he announced last week. The tweet was followed by a…
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EU to retaliate with up to $28 billion in tariffs (Reuters): President Trump says no talk with Europe unless we pay a lot of money
Reuters is reporting that the EU will announce retaliatory tariffs on a wide-range of US products of up to $28 billion later today. European Union Commissioner President Ursula von der Leyen, previously stated that the EU was not going to impose tariffs on the US unless talks lead to no result. President Emmanuel Macron appealed…
