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The commercial battle intensifies
There is no news on the horizon of the trade war: this morning, China raised its tariffs on US imports again.
Beijing said that it would not be the economic logical lifting them more, and called the amazing definitions of the Trump administration “a joke.” This morning, Tesla stopped taking orders in China for two models, which it imports from the United States (which raises the question: What does Elon Musk think about how President Trump’s commercial battle goes?)
The US dollar and the cabinet are also beaten, threatening more uncertainty about their safe situation.
Where things stand: As of tomorrow, Chinese fees on American goods will rise to 125 percent of 84 percent. This is after the Trump administration put 145 percent of the customs tariff on imports from China; The White House also put 10 percent of the customs tariff on most other commercial partners, as it faces a 90 -day deadline to reach dozens of commercial deals.
Watch the market fluctuation closely. Treasury Secretary Scott Bessen said on Thursday that he saw him.Nothing is unusualAbout market fluctuations. but Simultaneously Analysts pointed out that the declines in the dollar, stocks and treasury bonds have long been extreme, especially in the United States, and indicate a larger capital of US financial assets.
It seems that the sale in bonds in particular has found the White House to stop most mutual definitions.
Bond holders are still cautious. They seem to be concerned about the inflationary effects of definitions, “March pressure and reducing the real income of the family,” and Andrew Wickart, an economist at Bernberg, wrote in a research note this morning. Berenberg expects the return on the treasury note for 10 years to 4.8 percent, up from about 4.4 percent this morning.
Investors seem to be concerned about what is the following for “Trump Set”, “,” A shortcut to the policy that can harm the economy.
Since Trump showed that he would listen to the bond market, thinking goes, as it has lost negotiation on influence – especially as he is looking for allies for the China team. This means that other commercial partners can order things from the United States, not, as the White House wants, the opposite.
On Thursday, the market diving on Thursday seems to be partially linked to the increasing belief that Trump’s only way out of this impasse is to completely stay away from his battle.
We would like to know how definitions affected your work. Have you changed suppliers? Low prices negotiated? Stop temporarily or employment? Plans to transfer manufacturing to the United States? please Let’s know What do you do.
This is what is happening
The house passes the aforementioned budget scheme Trump. Republican lawmakers have dropped their opposition to the plan, which seeks radical discounts for government taxes and spending, despite their concerns that they would significantly increase the national debt. But the leaders of the party in both chambers have not yet agreed on the amount of spending on its cut and where.
It seems that Elon Musk falls his goal to reduce costs again. At the meeting of the Council of Ministers on Thursday, the billionaire said that the so -called Ministry of Governmental efficiency expects to reduce $ 150 billion in the fiscal year 2026, which runs from October 2025 to September 2026. It is not clear whether Musk means that the number was what his team has determined so far, or everything he expected to achieve, but this is less than $ 2, which he granted last year. (A White House official said a trillion dollars is still the goal.)
More law firms near to deal with Trump. The president told his government that four or five companies were about to commit 125 million dollars for each free work – more than the other pledged. Among those who had conversations with Trump’s advisers in recent days, there is no Latam, Watkins, Kirkland, Eleles, Simpson Thashcher and Partlette, according to the Times. It is the latest signs of corporate law firms joining Trump to avoid facing his anger.
Republican lawmakers target the ivy bond with demands for price reform. The Judicial Committees of the Senate and the Council began at the eight universities to study whether they violate the anti -monopoly laws through cooperation on education policies. It represents another attack on higher education institutions. Regarding, the Trump administration is looking forward to the status of Columbia University under the approval decree.
More scrutiny for circulation on the reflection of the tariff
Senator Elizabeth Warren, Massachusetts Democrat, sent a message to the Supreme Education Council The agency is asked to investigate Whether President Trump violated the laws of securities as he reflected his global tariff on Wednesday, Lauren Hersh is the first to report.
It is far from the request of some Warren will lead to the investigation. But the message-which includes the signers of Senator Chuck Schumer from New York, the leader of the minority-emphasizes the extent of Trump audit comments before announcing a 90-day stoppage on the definitions.
Trading on Trump’s tariff was an amazing circle. During a period of extensively volatile trading, Mr. Trump wrote on social media, “This is a great time to buy !!!” Hours later, he announced a temporary stop for 90 days on many mutual definitions, as the S&P 500 sent more than 7 percent in just minutes. This was the best day of the measurement index since the fall of 2008.
The Times stated that Trump’s change in the hearts of the definitions follows a rapid rise in bond returns and increased anxiety over the economic repercussions of fees.
Warren wants to know who knows what and when. Warren wrote: “In recent days, President Trump has announced a series of uninterrupted definitions, which led to significant disturbances in the market,” Warren wrote.
“It is not clear that President Trump’s officials and companies had an advanced knowledge of his plans to delay the customs tariff – but perhaps the informed know that he will announce an introductory stop and that the market will improve.”
A White House spokesman did not respond to the comment.
Others submitted similar requests. Maxine water representative. California Democrat sent a letter to SEC and the US government accountability office on Thursday. It was particularly concerned that it has a rise in trading call options – the bets that the stocks will rise – in the period that directly precedes Trump’s announcement of the stopping of definitions.
“The timing and volume of calls for calls may indicate that an administration official, or perhaps the president himself, has provided friends or colleagues with heads that the advertisement was happening,” Waters wrote.
Market fluctuation makes it difficult to evaluate violations. Financial experts said they did not see any immediate evidence of internal circulation, and that many nails in the purchase on Wednesday occurred at the same time as the announcement occurred. “The speed is not illegal,” said Steve Sosnik, the chief strategy in interactive intermediaries.
But given the volume of heavy trading surrounding the Trump advertisement, it will be difficult to discover illegal activity from looking at market movements alone.
“Just because I cannot find a smoking pistol, it doesn’t mean that there was no one,” Sosnik added.
“Last fall, I asked his colleagues all over the company to send me a bureaucratic examples they were suffering from. I received approximately 1,000 of these emails, and read each one.”
Andy Jaci, CEO of Amazon. He has An annual letter to the shareholdersJaci repeated his desire to make giant e -commerce and technology a faster move, including by removing the red tape through its operations. It has been written that Amazon has already made more than 375 changes based on those comments.
Can the courts stop the Trump tariff?
American markets were sold on Thursday, when investors feared more uncertainty about President Trump’s tariff and concerns about an economic war with China.
“The only way to stop the extensive fees on American commercial partners are through the courts,” Paul Surussic, a professor of politics and international relations at the University of Youngson, an assistant colleague at the Hudson Institute, told Sarah Kisler.
Congress has always been a limited examination of Trump’s policy. Four Republican Senators voted with Democrats last week to pass a measure Preventing Trump’s tariff for Canadian goods. and Seven Republican Senate members They signed a draft law from the two parties that would give Congress Window for 60 days To agree to the new definitions imposed by the president.
On Thursday, Senator Lisa Morkovsky, the Republic of Alaska, called on her legislative colleagues to reaffirm their power of definitions.
But these bills are likely to pass at home, as the spokesman Mike Johnson said on Monday that his room will take place He gave Trump “space” for his definitions. Even if Congress passes such legislation, it is possible that Trump has caused veto-a step that can only be canceled with two-thirds of the House of Representatives and the Senate.
The bills also ignore a greater question. The constitution gives Congress, not the president, to control the fees. “The idea should not be that Congress gets permission to agree to what the president does,” said Srossic. “The argument should be, can the president do this?”
The Supreme Court had previously ruled that the executive authority cannot claim the authority to take a decision.Main questions“It is economic and political importance unless the Congress has clearly I delegated it.
Legal challenges are already ongoing. The new liberal civil freedoms alliance, which is a non -profit organization Previously received funding From Charles Koch, she filed a lawsuit last week for Trump’s tariff for Chinese goods.
The American Chamber of Commerce, one of the most powerful business pressure groups in Washington, is also said to be a legal challenge to Trump’s global definitions, According to wealth. The retail leaders association began planning to prosecute the definitions, but it puts efforts to wait for Members fear Trump’s angerAccording to Bloomberg.
The editorial board of the Wall Street Journal also referred to specific limits on Trump’s strength to implement definitions. “Someone must prosecute to prevent abuse of power,” he argued.
Administration argument: Trump relies on the 1977 law that gives the president extensive powers during the state of emergency. In imposing a tariff on China in February, Trump was martyred with what he said was an increase in illegal drugs from the country; On the fees around the world, the American trade deficit described a “unusual and unusual threat to national security and the US economy.”
In a lawsuit, the new civil freedoms coalition argues that the 1977 law does not grant the president the authority to enact the wide definitions. Even if Congress wants to give the president this power, he could not, because the constitution specifically gives it to the legislature. “It is the problem of non -excavation,” said SRACIC.
Speed
Deals
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Prada agreed to buy Versace, a competing luxury fashion brand, compared to $ 1.38 billion despite the uncertainty about President Trump’s fight. (NYT)
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According to the raising of the thinking machines, which is the start of the artificial intelligence, which was founded by the former CEO of Openai Mira Murati, the goal of his money raising his money To about 2 billion dollars. (Business Insider)
Politics, politics and organization
The best in the rest
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