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Express News | President Trump Says Would Love To Get Deal With China; Think We Will End Up Working Out Something Good For Both Countries; U.S. Treasury Secretary Bessent Says As We Settle With Countries, We Will End Up In Place Of Certainty
Express News | China's Finance Ministry Earlier Announced It Will Raise Additional Tariffs On U.S. Goods To 125% From 84%
Express News | Reuters Reported Earlier, Tesla Stopped Taking New Orders For Model S And Model X On It's Chinese Website
The dominance of the US dollar is faltering! Global de-dollarization is accelerating, and the euro and Gold have become the new favorites.
Bank of America pointed out that the dollar's share in Global Forex reserves has decreased from 66% in 2015 to less than 58% in the third quarter of 2024, and the attraction of U.S. Treasuries has also significantly declined. The three major factors that previously restricted the Euro have all been reversed, and central banks' Gold Buy volumes have exceeded 1,000 tons for three consecutive years. These two Assets are becoming a new direction for central banks' diversified allocation.
China Retaliates Against Trump Tariffs, Raises U.S. Goods Duties to 125%
Trump's pause on the "tariff war" is useless! JPMorgan: The US stock market will continue to pull back, with uncertainty being the key.
①David Kelly, Chief Global Strategist at JPMorgan Asset Management, warned that despite President Trump postponing "reciprocal tariffs," the uncertainty around tariffs will still weigh down US stocks; ②Kelly believes that the biggest tax imposed on the US economy by Washington currently is the "tax of uncertainty," causing companies to halt hiring and cut costs due to unpredictability.
