9th April 2025

Apr 10

Written By OhMyEcon .

China has announced a retaliatory tariff of 50% on US imports, bringing Chinese duties to a total of 104%
This comes after Trump’s “reciprocal” duty of 34 percent on Beijing and an additional 50 percent later that week.
US treasuries have taken a hit. The 10-year US Treasury yield jumped to 4.51 percent before falling back to 4.42 percent—up 0.16 percentage points on the day—while the 30-year yield briefly rose above 5 percent(yields move inversely to prices). The Wednesday securities sell-off that sparked this might signal a shift away from US treasuries as a fixed-income haven.

Over 500 foreign students recently had their visas revoked as part of a wave of action by the Departments of Homeland Security and State.
This issue has expanded from elite universities such as Harvard and Stanford to a broader range of institutions.
Fanta Aw, chief executive of NAFSA, stated that the crackdown is unclear, which is creating anxiety. She also warned, “There will be a tsunami of legal cases coming.”

In a unexpected broadside on Tuesday Morning, Musk calls Peter Navarro, the architect of Trump’s trade policy, a “moron” and “dumber than a sack of bricks”, after his dismissive words towards the billionaire.
Musk opposes tariffs and advocates for a zero-tariff free trade zone between the US and Europe to encourage the flow of goods, services and business activity.
Tesla stock has dropped over 35% since January amidst consumer backlash against Musk’s DOGE and trade-war concerns.
SpaceX’s Starlink has also lost contracts due to escalating tensions between the US and its allies.

News written by Iskander Shyngyssov | Published by Zhangir Zhangaskin

10th April 2025