📅 Global Economic Watch – This Week’s Key Focus Areas 🇺🇸 UNITED STATES Watching data to assess impact of Trump’s tariffs Key reports: PMIs, Consumer Confidence, Durable Goods, Jobless Claims PCE inflation on Friday could influence Fed's rate decision Fed on hold, but signs of
Nuvama on Jindal Stainless: Maintains Buy, cuts target to ₹723 from ₹836 as weak exports and high imports impact margins.
🇺🇸 U.S. Narrows Tariff Scope Ahead of 'Liberation Day' The White House plans a more targeted approach to tariffs starting April 2, focusing on major trade partners and key sectors like autos, pharma, and semiconductors. Industry-specific levies may be dropped. 📅 Trump’s https://t.co/ZzJ24iC6ld
112 posts • ChatGPT (o1)
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Canadian Prime Minister Mark Carney has called a snap federal election to be held on April 28, 2025. The announcement came after Carney met with Governor General Mary Simon, who agreed to dissolve Parliament, triggering the start of a 37-day election campaign.
Carney, who assumed office following Justin Trudeau's resignation in January and was elected leader of the Liberal Party on March 9, seeks a stronger mandate to address escalating tensions with the United States. The campaign is expected to focus on how Canada will navigate the trade war and tariffs imposed by U.S. President Donald Trump, who has issued annexation threats and questioned Canada's sovereignty.
In his announcement, Carney stated that Canada is facing the 'most significant crisis of our lifetimes' and emphasized the need for robust leadership to protect the nation's interests. Voters will head to the polls to decide who is best equipped to handle relations with the Trump administration and steer Canada through the challenging international landscape.
Canadian Prime Minister Mark Carney on Sunday called a snap federal election, seeking to capitalize on the momentum that has his Liberals resurgent. The campaign is likely to come down to one question: Who can best handle President Trump? https://t.co/8HJ1CYRdQu
BREAKING: Canadian Prime Minister, Mark Carney has called a snap general election for 28 April, saying 'President Trump wants to break us, so America can own us' https://t.co/OCEvZRjMrb
Canadian Prime Minister Mark Carney calls for an election for April 28: "President Trump claims that Canada isn't a real country. He wants to break us so America can own us. We will not let that happen." https://t.co/PJiXD0qaMb
(Reuters) - New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who "wants to break us so America can own us." The comments showed the extent to
🚨 BREAKING: PM Mark Carney Just Called a Snap Election for April 28 🚨 Less than two weeks in office and Carney’s already swinging. With the Liberals riding a surge in the polls—fueled by Trump’s trade war threats and that absurd “51st state” stunt—Carney is going for the https://t.co/dXeKjVsNCa
35 posts • Grok (Beta)
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U.S. stock futures rose in early Asia trading as President Donald Trump's upcoming tariffs, set to take effect on April 2, are expected to be more targeted, easing some market concerns. The S&P 500 futures climbed 0.4% after a slight gain on Friday, while futures in Australia opened lower and those in Japan and mainland China indicated losses for the start of the week. The NASDAQ futures opened up with a gain of 126 points, and U.S. futures were up 0.6%.
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35 posts • Grok (Beta)
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President Donald Trump has announced plans to implement a series of reciprocal tariffs on April 2, which he has dubbed 'Liberation Day.' This initiative aims to counteract trade barriers imposed by other countries, including U.S. allies. The tariffs are expected to be more targeted than previously suggested, focusing on nations that impose tariffs on U.S. goods.
Trump has emphasized 'flexibility' in his approach to these tariffs, suggesting that while the policy remains reciprocal, there might be room for adjustments based on negotiations or specific circumstances. This flexibility comes despite his initial stance against exceptions, indicating a potential shift in strategy.
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The latest on the April 2 tariffs is they are expected to be scaled back from previous threat and focus on reciprocal tariffs. But I’m sure this story will keep changing, but it does seem like Trump is backing off somewhat …. https://t.co/4DXjEGr53U
One should expect the next week to be a rollercoaster ride on what’s going to be included & not included. Whole encouraging if true it’s emblematic of the current haphazard approach to policy. The White House has narrowed April 2 tariffs. https://t.co/WqxPygqxbm
Scoop: Trump’s April 2 “liberation day” tariff announcement is shaping up both as a massive trade realignment — and a more targeted push than he’s threatened. It’s set to be “reciprocal” tariffs only (no extra & new sectoral tariffs, yet, despite musings), and with exceptions.
Trump's "big day" is coming in 10 days. On April 2, 2025, he plans to impose massive reciprocal tariffs, thereby gambling with the future of billions of people. Could this trigger a global economic crisis? Several factors indicate this is possible. If retaliatory measures
Trump Indicates Flexibility on Reciprocal Tariffs and Plans Talk with China’s Xi about Tariffs 💬🌐📈 Read More: https://t.co/1D1AJLogQ4 Trump claimed "flexibility is because the tariffs are reciprocal", but then noted “whatever they do to us, we do to them.”He revealed US Trade
10 posts • Grok (Beta)
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Alberta Premier Danielle Smith has sparked controversy by requesting the Trump administration to pause tariffs on Canada until after the federal election. In an interview with Breitbart on March 8, Smith expressed concerns that the ongoing trade war is benefiting the Liberal Party in the polls, thereby hurting Conservative Party leader Pierre Poilievre's chances of becoming prime minister. The interview was conducted by Matthew Boyle from Breitbart.
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Smith spins Breitbart interview and her request to Trump admin for a pause to help elect Poilievre: https://t.co/eYbyAt2z5p
.@ABDanielleSmith tells Breitbart host that @PierrePoilievre views are “very much” in alignment with Trump. “The perspective that Pierre would bring would be very much in synch with the new direction in America.” Full interview 👉 https://t.co/IGwrYLy537 https://t.co/Mk32tOZTzQ
Pierre Poilievre is "very much in sync" with Trump. Has @ABDanielleSmith cost @PierrePoilievre the election before it even starts? #ableg #cdnpoli https://t.co/AXpY0oQglh
🇨🇦 Tory leader Poilievre asked about Alberta Premier's Smith comments to Breitbart. "Trump has been very blunt that he wants a weak Canada that he can target... Electing Liberals will weaken our country still," Poilievre said.
Alberta Premier Danielle Smith is facing criticism for telling the Trump administration to delay tariffs until after Canada's federal election https://t.co/pKaCcX3HEe
16 posts • ChatGPT (GPT-4o)
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Canadian Prime Minister Mark Carney has released a campaign video featuring actor Mike Myers ahead of an anticipated federal election. The video, posted on Carney's social media, shows the two engaging in a humorous 'Canadian purity test' while emphasizing patriotism and defiance against U.S. President Donald Trump's rhetoric about Canada potentially becoming the 51st U.S. state.
The video, which has gone viral with over 4.7 million views, features Myers, a longtime U.S. resident, wearing a 'Never 51' jersey, referencing Trump's comments about Canadian sovereignty. Carney reassures Myers and viewers that 'there will always be a Canada,' ending the video with the rallying cry 'elbows up,' a hockey term. Carney is seen wearing a 'Team Canada' jersey in the ad.
This campaign effort comes as Carney, who holds three citizenships, prepares to call a federal election on April 28. The Liberals are narrowly leading in polls against the Conservatives. Trump's recent trade tariffs and remarks, including a claim that the U.S. subsidizes Canada by $200 billion annually, have become a central issue in the campaign.
Program note: Mike Myers holds 3 citizenships - U.S., British, Canadian. Mark Carney holds 3 citizenships -- Irish, British, Canadian although he says he's renouncing all but Canadian citizenship. So, 2 guys w 6 passports telling us what being a Canadian is. Waiter, check please!
Mark Carney & Mike Myers recently shot a Cringe Canadian purity test video even though Carney is seen here claiming he’s European & Myers both love’s & appreciates being a U.S. citizen. Combined both have lived away from Canada for over 60 years. https://t.co/OKCH85mcuE
OH CANADA: Mike Myers fled Canada for the US 36 years ago and swore allegiance 11 years ago. Mark Carney was installed as PM after living in Europe for over a decade. https://t.co/M1bIvQHNIW
So two former Canadians ... one made his wealth in the USA and the other has been a UK banker for decades and just recently moved back to Canada. Mark Carney is doing this commercial to pretend like he is a real Canadian. He was installed by the WEF and Klaus Schwab. https://t.co/2ohCpcpIy9
Mark Carney has three citizenships and hasn't really lived primarily in Canada in years. Why exactly should someone who doesn't even choose to live in Canada be prime minister of that country? Why should we think he cares about it all the sudden?
8 posts • ChatGPT (GPT-4o mini)
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Canadian Prime Minister Carney has condemned U.S. President Donald Trump's tariffs and trade actions as unjustified, stating they have created 'the most significant crisis of our lifetimes.' Carney emphasized that these measures threaten Canada's sovereignty and labeled them as the most serious crisis in the nation's history. He further claimed that Trump aims to undermine Canada, asserting, 'We will not let that happen.' The remarks come amid escalating tensions between Canada and the U.S. regarding trade policies.
"We are facing the most significant crisis of our lifetimes because of President Trump's unjustified trade actions and his threats to our sovereignty" "Trump claims that Canada isn't a real country. He wants to break us so America can own us. We will not let that happen." https://t.co/s5wejcBKfv
“We are facing the most significant crisis of our lifetimes because of President Trump's unjustified trade actions and his threats to our sovereignty," Carney told reporters. https://t.co/DvIV9Pi4Qw
“Trump wants to break us, we won't give up”: Canada calls for existential elections https://t.co/k755fl96NV
CANNADA PM CARNEY: U.S. PRESIDENT TRUMP'S UNJUSTIFIED TARIFFS AND TRADE ACTIONS CREATE 'MOST SIGNIFICANT CRISIS OF OUR LIFETIMES'
Prime Minister of Canada: Trump's trade tariffs are unjustified and cause the most serious crisis in our history #العربية_عاجل
12 posts • ChatGPT (GPT-4o)
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President Donald Trump has reiterated his stance that automotive companies should manufacture vehicles within the United States, emphasizing that he does not want cars produced in Canada or Mexico. He argued that the U.S. does not benefit from the jobs and taxes generated by production in these countries and highlighted a $4 billion inflow of automotive investments redirected to the U.S.
Trump has suggested tariffs on vehicles imported from Canada and Mexico, which could take effect on April 2, dubbed 'Liberation Day.' Rolls-Royce is reportedly drafting contingency plans, including increasing U.S. production, to avoid these tariffs. Honda has also announced that it will produce its next-generation Civic hybrid in Indiana instead of Mexico.
Despite these pressures, Mexico's automotive industry continues to attract record foreign investment, with $6.9 billion in 2024, highlighting its competitive manufacturing environment. Additionally, $2 billion is being invested in new automotive plants in Querétaro, Mexico, which accounts for nearly half of the region's exports, even amid tariff concerns.
17 posts • ChatGPT (GPT-4o mini)
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President Donald Trump is poised to impose new tariffs on imports from Mexico and Canada, potentially reaching 25%, which could significantly increase costs for freight, trucks, and parts. Cherri Harris, CEO of Swint Logistics Group, highlighted the implications for the trucking industry, suggesting that the price of freight could skyrocket. As these tariffs loom, the Canadian used-car market may face challenges, with a surge in sales potentially backfiring due to rising import costs. Additionally, the U.S. shipbuilding industry is under scrutiny, as it now builds fewer ships in a decade than China does in a year. The China State Shipbuilding Corporation (CSSC) reportedly constructed more commercial vessels by tonnage in 2024 than the entire U.S. shipbuilding industry has since World War II. In response to this imbalance, some U.S. lawmakers, including Representative Mark Green, have introduced the Save Our Shipyards (SOS) Act, aiming to restore the maritime industrial base to enhance national security. However, critics warn that Trump's strategy to impose tariffs on Chinese-built ships could disrupt trade, harm U.S. ports, and exacerbate inflationary pressures.
The Trump admin's shipbuilding revival plan (which includes big fees on Chinese ships & a mini-Jones Act for intl shipping) "appears to be written by people who have absolutely no idea how the maritime supply chain works" Shocking, I know. https://t.co/vRrIHm2JXo https://t.co/mxT2rVmvkB
Mission Impossible Trump wants to impose massive tariffs on Chinese-built ships when they visit US ports. He hopes to revive American commercial shipbuilding, which is almost non-existent now. But this will wreck trade (imports and exports), damage US ports’ business, while https://t.co/isvuCzcz8S
China’s massive shipbuilding capacity far outpaces the United States. That’s why I introduced the Save Our Shipyards (SOS) Act. We must restore our maritime industrial base to safeguard our national security. https://t.co/bpjuFETg2X
The U.S. once ruled shipbuilding. Now, it builds fewer ships in a decade than China does in a year. How did America sabotage itself while Beijing took over the seas? A tale of neglect, bad policy, and strategic blindness. https://t.co/xRpau8vvbA
Uncertainty surrounds the impact of Trump's potential 25% Mexico/Canada tariffs as the price of freight and the price of trucks and parts will likely skyrocket. Cherri Harris, CEO of Swint Logistics Group, breaks down what this means for the trucking industry. https://t.co/xszjSnJyWS
8 posts • ChatGPT (GPT-4o mini)
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President Donald Trump has proposed a 200% tariff on all European wines, Champagnes, and alcoholic products, which has raised concerns among California winemakers. The potential tariffs have led to panic buying among consumers, with reports of sellers experiencing a surge in orders. A Champagne seller in Half Moon Bay noted an increase in sales, stating, 'I’m talking pallets.' The Cork Wine Bar and Market in Washington, D.C., indicated that the tariffs could jeopardize their entire business. Wine enthusiasts are reportedly freezing their purchases in anticipation of the tariffs, which could significantly raise prices on imported European wines. Local officials in France have also reacted, with one sending wine to Trump in an attempt to persuade him to reconsider the proposed tariffs.
President Donald Trump’s threat of 200% tariffs on all European “wines, Champagnes and alcoholic products” has led to a surge in panic buying. “I’m talking pallets,” said a Champagne seller based in Half Moon Bay. https://t.co/LGpPHF25wB
The owners of Cork Wine Bar and Market in Northwest D.C. said if President Donald Trump's proposed tariffs on wine and spirits imported from the European Union goes into effect, their entire business could dry up. https://t.co/2gtOYo5JXt
Project for a 200% tax on French alcohol: a local elected official sends wine from Aude to Donald Trump to change his mind https://t.co/GykRqYzbLi
🇺🇸 California winemakers uneasy about Trump’s threat to place 200% tariff on European wine imports https://t.co/PEUwODvZM7
Wine lovers freeze purchases due to Trump's 200% tariff risk https://t.co/JhfcvGNH56
25 posts • Grok (Beta)
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Federal Reserve Chair Jerome Powell has acknowledged the impact of President Donald Trump's tariffs on inflation, describing the phenomenon as 'tariff inflation' during a recent press conference. Powell indicated that while the exact effects of tariffs on prices are uncertain, they may be transitory. The Federal Reserve decided to keep interest rates unchanged at 4.25%-4.50% at their latest meeting, amidst ongoing uncertainties related to Trump's trade policies.
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Inflation remains one of the key issues for consumers, adding to uncertainty how tariffs will impact prices https://t.co/ilNaOANOPs
rising inflation expectations from tariff policy.
President Trump took to Truth Social on Thursday, pointing to dropping prices for gasoline, eggs, and other groceries, and is continuing to call for the Federal Reserve to lower interest rates. MORE: https://t.co/Lu47ax7gdj https://t.co/oYymE4fbhq
"It's going to be very difficult to have a precise assessment of how much of inflation is coming from tariffs," #Fed Chair #Powell says. "Some of it, a good part of it, is coming from tariffs."
Transitory Tariff Inflation? - It would be ignorant to say that tariff disputes do not have a direct negative impact on the economy. Powell likely coined a new term, “tariff inflation,” which I expect we will hear more frequently. https://t.co/halkHbyLKm
6 posts • ChatGPT (GPT-4o mini)
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Recent turmoil in U.S. credit markets, driven by concerns over tariffs and a slowing economic outlook, is leading investors to reconsider Chinese corporate debt. This debt, which was previously viewed as uninvestable, is now gaining traction due to supportive policies, optimism surrounding artificial intelligence, and strong demand for new issuances. Year-to-date, Chinese corporate debt has raised $15 billion, marking the highest amount since 2022. Bank of America has noted a substantial influx of capital into equities, dismissing tariff risks as a concern for the market.
📉 As U.S. credit markets reel from tariffs and recession fears, investors are pivoting back to Chinese corporate debt — once deemed uninvestable — now buoyed by policy support, AI optimism, and strong issuance demand. $15B raised YTD, most since 2022. 🇨🇳📈 #ChinaCredit https://t.co/dzDtOD45vQ
"US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable" https://t.co/tPxKbl86xH https://t.co/G301zjBJ5Z
US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable by some credit managers https://t.co/J8kfSwRHrs
BofA rules out tariff risk while stocks receive large capital inflows. The details: https://t.co/uMyEoCvgJU
“Monster Level” Money Flows Into Stocks, Despite Worries About Tariffs - BoFA https://t.co/W4NdkoYqwU
7 posts • ChatGPT (GPT-4o mini)
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Mexican President Claudia Sheinbaum met with steel industry leaders in Monterrey to discuss potential actions in response to impending tariffs from the United States. During the meeting, Sheinbaum emphasized the importance of minimizing the impact on the steel sector if the tariffs are ratified by the U.S. government, led by President Donald Trump. Sheinbaum's administration is preparing a response as the April 2 deadline approaches, when Trump has promised to impose tariffs on Mexican metal products. The president has reiterated her commitment to fair treatment for workers in the industry, highlighting her administration's focus on protecting Mexico's economic interests amid challenging trade relations with the U.S.
10 posts • ChatGPT (GPT-4o mini)
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A growing movement among consumers in Europe and other regions is leading to widespread boycotts of American-made products, driven by discontent with President Donald Trump's trade policies. Many Europeans and citizens from various countries are opting not to purchase U.S. goods as a form of protest. This sentiment is echoed by a notable percentage of Americans, with 20% supporting a boycott against companies that align themselves with Trump's agenda. Major brands such as Coca-Cola (KO), Starbucks (SBUX), and McDonald's (MCD) are among those facing backlash as calls for the boycott intensify across the continent. The protests reflect a broader disapproval of U.S. tariffs and trade strategies that have sparked global unrest and consumer dissatisfaction.
If Donald Trump appears deaf to the protests of other governments over his policies, he may still hear the voice of corporate America should consumer boycotts spread. @eringobrien @Griffith_Uni https://t.co/0K6EnMePWg
🇺🇸 20% of Americans support boycott of firms aligning themselves with Trump agenda https://t.co/X0lKZjzS2I
Boycotts of U.S. products are spreading. From Canada to France, global consumers are turning away from “Made in America.” https://t.co/I0rHSVyi4N
America Last: Why Shoppers Abroad Are Boycotting U.S. Goods A growing number of Europeans and citizens of other countries are choosing not to buy American products to demonstrate their anger at President Trump’s policies. $XLP $KO $SBUX $MCD
Latinos say NO to American products in protest against Donald Trump's anti-immigration policies The rates imposed by the President of the United States The United States and its trade war have unleashed global unrest, leading many consumers to boycott products https://t.co/tmxKvZkvZM
5 posts • ChatGPT (GPT-4o mini)
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Leaders from the Caribbean Community (CARICOM) are set to express their concerns to U.S. Secretary of State Marco Rubio regarding proposed fines on Chinese-made cargo vessels. They argue that these fines would adversely affect the region's oil and gas industry and increase transportation costs. Guyana's President has highlighted the potential negative impact of these tariffs on the Caribbean economy. Additionally, Vice President Bharrat Jagdeo of Guyana has warned that any aggressive actions from Venezuela regarding the disputed Esequibo region will be met with a strong response. Rubio is scheduled to make his first official visit to the Caribbean next week.
50 posts • ChatGPT (GPT-4o)
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President Donald Trump has reiterated his proposal for Canada to become the 51st state of the United States, citing $200 billion in annual subsidies that he claims keep Canada economically afloat. Trump has also criticized the border between the two nations as an 'artificial line,' suggesting that Canada would thrive as part of the U.S.
The proposal has sparked backlash, with Canadian Prime Minister Mark Carney dismissing the idea as 'disrespectful' and 'crazy.' Trump’s comments have also drawn criticism from American podcaster Joe Rogan, who called the suggestion 'stupid' and advocated for improved U.S.-Canada relations. Rogan also suggested Greenland as a more feasible option for U.S. expansion.
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Wouldn’t making Canada the 51st state only create a new blue state with as many electoral votes as California, thus compromising Republicans’ efforts to secure the presidency?
Trump: "To be honest with you, Canada only works as a state. We don't need anything they have. As a state it would be one of the great states. This would be the most incredible country visually. If you look at a map, they drew an artificial line right through it." https://t.co/bmK6khoLff
'Why are we upset at Canada? This is stupid,' says American podcaster Joe Rogan “I don’t really think they should be our 51st state. There. I said it,” commented Rogan during a recent episode of his show https://t.co/3pt0VdRbxF
Trump: “We don't need anything from Canada, and yet it costs up $200b in subsidy to keep Canada afloat. So when I say they should be a state, I mean that. I really mean that.” https://t.co/xM9BFXItyz
Joe Rogan, Elbows Up: 'Why are we upset at Canada? This is stupid. I don’t think they should be our 51st state. We gotta become friends again … I can’t believe there’s anti-American, anti-Canadian sentiment going on. It’s the dumbest.' https://t.co/hkYVhkwpOe
10 posts • ChatGPT (GPT-4o)
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China is reportedly considering limiting its exports of goods such as electric vehicles and batteries to the United States in an effort to mitigate higher tariffs and other trade barriers imposed by the Trump administration. This approach mirrors Japan's strategy in the 1980s, which involved voluntary export restraints and raising prices to avoid stricter trade measures.
The move comes as China's economy faces challenges, including weak domestic growth and prolonged trade tensions with the United States. During Trump's first presidency, China resisted similar pressures but is now exploring this strategy amid new 20% tariffs imposed by the U.S. Treasury Secretary Scott Bessent has accused China of dumping subsidized products, further straining trade relations.
Chinese officials, under the leadership of Xi Jinping, hope this strategy will address U.S. concerns while managing domestic economic pressures, including a slowdown in consumption, deflationary trends, and a need to stabilize the economy. Japan's success in raising the quality and price of its car exports in the 1980s serves as a model for Beijing.
During Trump’s first presidency, China was determined not to yield to American pressure over trade like Japan did in the 1980s. Now, Beijing may take a page from Tokyo’s playbook. @Lingling_Wei https://t.co/95iUjyPGjI
WSJ: US President Trump has successively imposed tariffs on China. As China faces a greater economic shock from the US, combined with a weak domestic economy, the Chinese government is considering limiting the quantity of certain goods exported to the US, such as electric vehicles and batteries, in an attempt to reduce the imposition of higher US tariffs and implement other trade barriers. Similar to the 1980s, the Japanese government adopted a voluntary plan to prevent the US from imposing higher tariffs on imported Japanese products https://t.co/zq1cQGporv
Like Japan decades ago, China is considering trying to blunt greater U.S. tariffs and other trade barriers by offering to curb the quantity of certain goods exported to the U.S., according to advisers to the Chinese government. https://t.co/BM7uuvt5S5
China Explores Limiting Its Own Exports to Mollify Trump—Chinese officials weigh Japan’s 1980s strategy, of restraining exports while charging more, for products such as electric vehicles or batteries @Lingling_Wei https://t.co/DOneGfdTMJ https://t.co/DOneGfdTMJ
China is considering using an '80s Japanese tactic to soften criticism and tariffs from the US: restricting exports and raising the price of goods. https://t.co/ePgaNzwIFM
6 posts • ChatGPT (GPT-4o mini)
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U.S. Secretary of Commerce Howard Lutnick has reiterated his criticism of Ireland, labeling it his favorite 'tax scam.' Lutnick's comments come amid growing concerns regarding the impact of U.S. tariffs, initiated by President Donald Trump, on Ireland's economy. He argues that the multinational sector in Ireland negatively affects the U.S. economy. Additionally, Ireland's Prime Minister has expressed that a sector-by-sector tariff approach could create divisions among European Union member states. The Irish Finance Ministry has warned that Trump's tariffs might reduce the country's GDP by 3.5%. These developments are occurring against the backdrop of a potential global trade war that could significantly affect Ireland's economic landscape.
Trump tariffs may trim Irish GDP by 3.5%, Finance Ministry says https://t.co/w3pqpsCoZD https://t.co/WbA4Nf9dKG
Cliff Taylor: Make no mistake, Ireland will be a central player in the Trump tariffs gameshow, which is about to go live. And the jeopardy will be real. https://t.co/ceborbIXG3
Donald Trump's tariffs threaten Ireland's “leprechaun economy” https://t.co/DqJheArS1U
US Commerce Secretary Howard Lutnick has criticised Ireland’s economic policies, calling it his favourite “tax scam.” He claims the multinational sector harms the US economy, as concerns grow over the impact of a global trade war on Ireland. #VMNews https://t.co/20QVkdm10T
US Secretary of Commerce Howard Lutnick has renewed his attack on Ireland, calling the country his favourite “tax scam”. https://t.co/aUP2sLR1mJ
5 posts • ChatGPT (GPT-4o mini)
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Bitcoin has reached a value of $85,000 as of March 23, 2025. Analysts suggest that a weekly close above this level may indicate further upward movement, particularly amid ongoing tariff concerns. Various sources have confirmed this milestone, highlighting the cryptocurrency's recovery and potential for growth in the current market environment.
6 posts • ChatGPT (GPT-4o mini)
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China's Ministry of Commerce announced that it will continue to impose anti-dumping duties on imported resorcinol from Japan for a duration of five years, effective March 23. This decision follows a final review of the anti-dumping measures. In a related development, India's Directorate General of Trade Remedies (DGTR) has proposed a 12% safeguard duty on non-alloy and alloy steel flat product imports to protect domestic manufacturers from excessive imports from China. Additionally, India has imposed anti-dumping duties on four Chinese products, including soft ferrite cores, vacuum insulated flasks, aluminum foil, and trichloroisocyanuric acid, aimed at addressing concerns over these goods being exported at below normal prices.
10 posts • ChatGPT (GPT-4o mini)
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Japan and China are set to engage in high-level economic talks amid increasing tariff pressures from the United States. The discussions, which mark the first economic dialogue between the two nations in six years, aim to address the rising tensions caused by U.S. trade policies. Chinese officials highlighted the severe changes facing the global economic landscape due to protectionism, emphasizing the need for strengthened economic cooperation between Japan and China. Meanwhile, Japan is navigating its relationship with China cautiously, maintaining a focus on improving ties while being mindful of the ongoing U.S.-China tensions. The talks are also seen as a potential avenue for Japan, China, and South Korea to unite around free trade amidst the challenges posed by the Trump administration's tariffs.
“As Japan, China and South Korea are tied together through bilateral trade, free trade is an issue they can rally around amid Trump's tariff war.” “Wang pressed for an early restart of free trade talks between Japan, China and South Korea. He also reiterated China's interest in
The strategy in action for many quarters (AT LEAST) Trump's threat to free trade brings China, Japan, South Korea closer https://t.co/Fwe3e4r9PC
Japan is careful during the fall wave due to China and Trump tariffs “there must be no cooperation with the United States” Japan-China high-level economic dialogue https://t.co/c0wAfDnkmJ In dialogue, Mr. Wang said, “The composition of the world economy is facing serious changes, keeping in mind the tariff policy by Mr. Trump. Protectionism is rampant,” he emphasized. They called for strengthened economic cooperation between Japan and China.
“Prime Minister's Visit to China, Now Unimaginable” Foreign Ministers' Meeting Measures Japan's Relationship with China https://t.co/oUncjBF8cW The US-China confrontation has intensified since the US Trump administration was inaugurated in January, and the landing point is not visible. For this reason, the Japanese government is carefully spacing out while maintaining the trend of improving relations with China.
Asian giants held their first economic dialogue in six years with the aim of reducing tensions in the face of growing trade pressure from the United States https://t.co/kmqHHFv58I
112 posts • ChatGPT (o1)
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Canadian Prime Minister Mark Carney has called a snap federal election to be held on April 28, 2025. The announcement came after Carney met with Governor General Mary Simon, who agreed to dissolve Parliament, triggering the start of a 37-day election campaign.
Carney, who assumed office following Justin Trudeau's resignation in January and was elected leader of the Liberal Party on March 9, seeks a stronger mandate to address escalating tensions with the United States. The campaign is expected to focus on how Canada will navigate the trade war and tariffs imposed by U.S. President Donald Trump, who has issued annexation threats and questioned Canada's sovereignty.
In his announcement, Carney stated that Canada is facing the 'most significant crisis of our lifetimes' and emphasized the need for robust leadership to protect the nation's interests. Voters will head to the polls to decide who is best equipped to handle relations with the Trump administration and steer Canada through the challenging international landscape.
Canadian Prime Minister Mark Carney on Sunday called a snap federal election, seeking to capitalize on the momentum that has his Liberals resurgent. The campaign is likely to come down to one question: Who can best handle President Trump? https://t.co/8HJ1CYRdQu
BREAKING: Canadian Prime Minister, Mark Carney has called a snap general election for 28 April, saying 'President Trump wants to break us, so America can own us' https://t.co/OCEvZRjMrb
Canadian Prime Minister Mark Carney calls for an election for April 28: "President Trump claims that Canada isn't a real country. He wants to break us so America can own us. We will not let that happen." https://t.co/PJiXD0qaMb
(Reuters) - New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who "wants to break us so America can own us." The comments showed the extent to
🚨 BREAKING: PM Mark Carney Just Called a Snap Election for April 28 🚨 Less than two weeks in office and Carney’s already swinging. With the Liberals riding a surge in the polls—fueled by Trump’s trade war threats and that absurd “51st state” stunt—Carney is going for the https://t.co/dXeKjVsNCa
35 posts • Grok (Beta)
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U.S. stock futures rose in early Asia trading as President Donald Trump's upcoming tariffs, set to take effect on April 2, are expected to be more targeted, easing some market concerns. The S&P 500 futures climbed 0.4% after a slight gain on Friday, while futures in Australia opened lower and those in Japan and mainland China indicated losses for the start of the week. The NASDAQ futures opened up with a gain of 126 points, and U.S. futures were up 0.6%.
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35 posts • Grok (Beta)
Published
President Donald Trump has announced plans to implement a series of reciprocal tariffs on April 2, which he has dubbed 'Liberation Day.' This initiative aims to counteract trade barriers imposed by other countries, including U.S. allies. The tariffs are expected to be more targeted than previously suggested, focusing on nations that impose tariffs on U.S. goods.
Trump has emphasized 'flexibility' in his approach to these tariffs, suggesting that while the policy remains reciprocal, there might be room for adjustments based on negotiations or specific circumstances. This flexibility comes despite his initial stance against exceptions, indicating a potential shift in strategy.
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The latest on the April 2 tariffs is they are expected to be scaled back from previous threat and focus on reciprocal tariffs. But I’m sure this story will keep changing, but it does seem like Trump is backing off somewhat …. https://t.co/4DXjEGr53U
One should expect the next week to be a rollercoaster ride on what’s going to be included & not included. Whole encouraging if true it’s emblematic of the current haphazard approach to policy. The White House has narrowed April 2 tariffs. https://t.co/WqxPygqxbm
Scoop: Trump’s April 2 “liberation day” tariff announcement is shaping up both as a massive trade realignment — and a more targeted push than he’s threatened. It’s set to be “reciprocal” tariffs only (no extra & new sectoral tariffs, yet, despite musings), and with exceptions.
Trump's "big day" is coming in 10 days. On April 2, 2025, he plans to impose massive reciprocal tariffs, thereby gambling with the future of billions of people. Could this trigger a global economic crisis? Several factors indicate this is possible. If retaliatory measures
Trump Indicates Flexibility on Reciprocal Tariffs and Plans Talk with China’s Xi about Tariffs 💬🌐📈 Read More: https://t.co/1D1AJLogQ4 Trump claimed "flexibility is because the tariffs are reciprocal", but then noted “whatever they do to us, we do to them.”He revealed US Trade
10 posts • Grok (Beta)
Published
Alberta Premier Danielle Smith has sparked controversy by requesting the Trump administration to pause tariffs on Canada until after the federal election. In an interview with Breitbart on March 8, Smith expressed concerns that the ongoing trade war is benefiting the Liberal Party in the polls, thereby hurting Conservative Party leader Pierre Poilievre's chances of becoming prime minister. The interview was conducted by Matthew Boyle from Breitbart.
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Smith spins Breitbart interview and her request to Trump admin for a pause to help elect Poilievre: https://t.co/eYbyAt2z5p
.@ABDanielleSmith tells Breitbart host that @PierrePoilievre views are “very much” in alignment with Trump. “The perspective that Pierre would bring would be very much in synch with the new direction in America.” Full interview 👉 https://t.co/IGwrYLy537 https://t.co/Mk32tOZTzQ
Pierre Poilievre is "very much in sync" with Trump. Has @ABDanielleSmith cost @PierrePoilievre the election before it even starts? #ableg #cdnpoli https://t.co/AXpY0oQglh
🇨🇦 Tory leader Poilievre asked about Alberta Premier's Smith comments to Breitbart. "Trump has been very blunt that he wants a weak Canada that he can target... Electing Liberals will weaken our country still," Poilievre said.
Alberta Premier Danielle Smith is facing criticism for telling the Trump administration to delay tariffs until after Canada's federal election https://t.co/pKaCcX3HEe
16 posts • ChatGPT (GPT-4o)
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Canadian Prime Minister Mark Carney has released a campaign video featuring actor Mike Myers ahead of an anticipated federal election. The video, posted on Carney's social media, shows the two engaging in a humorous 'Canadian purity test' while emphasizing patriotism and defiance against U.S. President Donald Trump's rhetoric about Canada potentially becoming the 51st U.S. state.
The video, which has gone viral with over 4.7 million views, features Myers, a longtime U.S. resident, wearing a 'Never 51' jersey, referencing Trump's comments about Canadian sovereignty. Carney reassures Myers and viewers that 'there will always be a Canada,' ending the video with the rallying cry 'elbows up,' a hockey term. Carney is seen wearing a 'Team Canada' jersey in the ad.
This campaign effort comes as Carney, who holds three citizenships, prepares to call a federal election on April 28. The Liberals are narrowly leading in polls against the Conservatives. Trump's recent trade tariffs and remarks, including a claim that the U.S. subsidizes Canada by $200 billion annually, have become a central issue in the campaign.
Program note: Mike Myers holds 3 citizenships - U.S., British, Canadian. Mark Carney holds 3 citizenships -- Irish, British, Canadian although he says he's renouncing all but Canadian citizenship. So, 2 guys w 6 passports telling us what being a Canadian is. Waiter, check please!
Mark Carney & Mike Myers recently shot a Cringe Canadian purity test video even though Carney is seen here claiming he’s European & Myers both love’s & appreciates being a U.S. citizen. Combined both have lived away from Canada for over 60 years. https://t.co/OKCH85mcuE
OH CANADA: Mike Myers fled Canada for the US 36 years ago and swore allegiance 11 years ago. Mark Carney was installed as PM after living in Europe for over a decade. https://t.co/M1bIvQHNIW
So two former Canadians ... one made his wealth in the USA and the other has been a UK banker for decades and just recently moved back to Canada. Mark Carney is doing this commercial to pretend like he is a real Canadian. He was installed by the WEF and Klaus Schwab. https://t.co/2ohCpcpIy9
Mark Carney has three citizenships and hasn't really lived primarily in Canada in years. Why exactly should someone who doesn't even choose to live in Canada be prime minister of that country? Why should we think he cares about it all the sudden?
8 posts • ChatGPT (GPT-4o mini)
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Canadian Prime Minister Carney has condemned U.S. President Donald Trump's tariffs and trade actions as unjustified, stating they have created 'the most significant crisis of our lifetimes.' Carney emphasized that these measures threaten Canada's sovereignty and labeled them as the most serious crisis in the nation's history. He further claimed that Trump aims to undermine Canada, asserting, 'We will not let that happen.' The remarks come amid escalating tensions between Canada and the U.S. regarding trade policies.
"We are facing the most significant crisis of our lifetimes because of President Trump's unjustified trade actions and his threats to our sovereignty" "Trump claims that Canada isn't a real country. He wants to break us so America can own us. We will not let that happen." https://t.co/s5wejcBKfv
“We are facing the most significant crisis of our lifetimes because of President Trump's unjustified trade actions and his threats to our sovereignty," Carney told reporters. https://t.co/DvIV9Pi4Qw
“Trump wants to break us, we won't give up”: Canada calls for existential elections https://t.co/k755fl96NV
CANNADA PM CARNEY: U.S. PRESIDENT TRUMP'S UNJUSTIFIED TARIFFS AND TRADE ACTIONS CREATE 'MOST SIGNIFICANT CRISIS OF OUR LIFETIMES'
Prime Minister of Canada: Trump's trade tariffs are unjustified and cause the most serious crisis in our history #العربية_عاجل
12 posts • ChatGPT (GPT-4o)
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President Donald Trump has reiterated his stance that automotive companies should manufacture vehicles within the United States, emphasizing that he does not want cars produced in Canada or Mexico. He argued that the U.S. does not benefit from the jobs and taxes generated by production in these countries and highlighted a $4 billion inflow of automotive investments redirected to the U.S.
Trump has suggested tariffs on vehicles imported from Canada and Mexico, which could take effect on April 2, dubbed 'Liberation Day.' Rolls-Royce is reportedly drafting contingency plans, including increasing U.S. production, to avoid these tariffs. Honda has also announced that it will produce its next-generation Civic hybrid in Indiana instead of Mexico.
Despite these pressures, Mexico's automotive industry continues to attract record foreign investment, with $6.9 billion in 2024, highlighting its competitive manufacturing environment. Additionally, $2 billion is being invested in new automotive plants in Querétaro, Mexico, which accounts for nearly half of the region's exports, even amid tariff concerns.
17 posts • ChatGPT (GPT-4o mini)
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President Donald Trump is poised to impose new tariffs on imports from Mexico and Canada, potentially reaching 25%, which could significantly increase costs for freight, trucks, and parts. Cherri Harris, CEO of Swint Logistics Group, highlighted the implications for the trucking industry, suggesting that the price of freight could skyrocket. As these tariffs loom, the Canadian used-car market may face challenges, with a surge in sales potentially backfiring due to rising import costs. Additionally, the U.S. shipbuilding industry is under scrutiny, as it now builds fewer ships in a decade than China does in a year. The China State Shipbuilding Corporation (CSSC) reportedly constructed more commercial vessels by tonnage in 2024 than the entire U.S. shipbuilding industry has since World War II. In response to this imbalance, some U.S. lawmakers, including Representative Mark Green, have introduced the Save Our Shipyards (SOS) Act, aiming to restore the maritime industrial base to enhance national security. However, critics warn that Trump's strategy to impose tariffs on Chinese-built ships could disrupt trade, harm U.S. ports, and exacerbate inflationary pressures.
The Trump admin's shipbuilding revival plan (which includes big fees on Chinese ships & a mini-Jones Act for intl shipping) "appears to be written by people who have absolutely no idea how the maritime supply chain works" Shocking, I know. https://t.co/vRrIHm2JXo https://t.co/mxT2rVmvkB
Mission Impossible Trump wants to impose massive tariffs on Chinese-built ships when they visit US ports. He hopes to revive American commercial shipbuilding, which is almost non-existent now. But this will wreck trade (imports and exports), damage US ports’ business, while https://t.co/isvuCzcz8S
China’s massive shipbuilding capacity far outpaces the United States. That’s why I introduced the Save Our Shipyards (SOS) Act. We must restore our maritime industrial base to safeguard our national security. https://t.co/bpjuFETg2X
The U.S. once ruled shipbuilding. Now, it builds fewer ships in a decade than China does in a year. How did America sabotage itself while Beijing took over the seas? A tale of neglect, bad policy, and strategic blindness. https://t.co/xRpau8vvbA
Uncertainty surrounds the impact of Trump's potential 25% Mexico/Canada tariffs as the price of freight and the price of trucks and parts will likely skyrocket. Cherri Harris, CEO of Swint Logistics Group, breaks down what this means for the trucking industry. https://t.co/xszjSnJyWS
8 posts • ChatGPT (GPT-4o mini)
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President Donald Trump has proposed a 200% tariff on all European wines, Champagnes, and alcoholic products, which has raised concerns among California winemakers. The potential tariffs have led to panic buying among consumers, with reports of sellers experiencing a surge in orders. A Champagne seller in Half Moon Bay noted an increase in sales, stating, 'I’m talking pallets.' The Cork Wine Bar and Market in Washington, D.C., indicated that the tariffs could jeopardize their entire business. Wine enthusiasts are reportedly freezing their purchases in anticipation of the tariffs, which could significantly raise prices on imported European wines. Local officials in France have also reacted, with one sending wine to Trump in an attempt to persuade him to reconsider the proposed tariffs.
President Donald Trump’s threat of 200% tariffs on all European “wines, Champagnes and alcoholic products” has led to a surge in panic buying. “I’m talking pallets,” said a Champagne seller based in Half Moon Bay. https://t.co/LGpPHF25wB
The owners of Cork Wine Bar and Market in Northwest D.C. said if President Donald Trump's proposed tariffs on wine and spirits imported from the European Union goes into effect, their entire business could dry up. https://t.co/2gtOYo5JXt
Project for a 200% tax on French alcohol: a local elected official sends wine from Aude to Donald Trump to change his mind https://t.co/GykRqYzbLi
🇺🇸 California winemakers uneasy about Trump’s threat to place 200% tariff on European wine imports https://t.co/PEUwODvZM7
Wine lovers freeze purchases due to Trump's 200% tariff risk https://t.co/JhfcvGNH56
25 posts • Grok (Beta)
Published
Federal Reserve Chair Jerome Powell has acknowledged the impact of President Donald Trump's tariffs on inflation, describing the phenomenon as 'tariff inflation' during a recent press conference. Powell indicated that while the exact effects of tariffs on prices are uncertain, they may be transitory. The Federal Reserve decided to keep interest rates unchanged at 4.25%-4.50% at their latest meeting, amidst ongoing uncertainties related to Trump's trade policies.
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Inflation remains one of the key issues for consumers, adding to uncertainty how tariffs will impact prices https://t.co/ilNaOANOPs
rising inflation expectations from tariff policy.
President Trump took to Truth Social on Thursday, pointing to dropping prices for gasoline, eggs, and other groceries, and is continuing to call for the Federal Reserve to lower interest rates. MORE: https://t.co/Lu47ax7gdj https://t.co/oYymE4fbhq
"It's going to be very difficult to have a precise assessment of how much of inflation is coming from tariffs," #Fed Chair #Powell says. "Some of it, a good part of it, is coming from tariffs."
Transitory Tariff Inflation? - It would be ignorant to say that tariff disputes do not have a direct negative impact on the economy. Powell likely coined a new term, “tariff inflation,” which I expect we will hear more frequently. https://t.co/halkHbyLKm
6 posts • ChatGPT (GPT-4o mini)
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Recent turmoil in U.S. credit markets, driven by concerns over tariffs and a slowing economic outlook, is leading investors to reconsider Chinese corporate debt. This debt, which was previously viewed as uninvestable, is now gaining traction due to supportive policies, optimism surrounding artificial intelligence, and strong demand for new issuances. Year-to-date, Chinese corporate debt has raised $15 billion, marking the highest amount since 2022. Bank of America has noted a substantial influx of capital into equities, dismissing tariff risks as a concern for the market.
📉 As U.S. credit markets reel from tariffs and recession fears, investors are pivoting back to Chinese corporate debt — once deemed uninvestable — now buoyed by policy support, AI optimism, and strong issuance demand. $15B raised YTD, most since 2022. 🇨🇳📈 #ChinaCredit https://t.co/dzDtOD45vQ
"US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable" https://t.co/tPxKbl86xH https://t.co/G301zjBJ5Z
US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable by some credit managers https://t.co/J8kfSwRHrs
BofA rules out tariff risk while stocks receive large capital inflows. The details: https://t.co/uMyEoCvgJU
“Monster Level” Money Flows Into Stocks, Despite Worries About Tariffs - BoFA https://t.co/W4NdkoYqwU
7 posts • ChatGPT (GPT-4o mini)
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Mexican President Claudia Sheinbaum met with steel industry leaders in Monterrey to discuss potential actions in response to impending tariffs from the United States. During the meeting, Sheinbaum emphasized the importance of minimizing the impact on the steel sector if the tariffs are ratified by the U.S. government, led by President Donald Trump. Sheinbaum's administration is preparing a response as the April 2 deadline approaches, when Trump has promised to impose tariffs on Mexican metal products. The president has reiterated her commitment to fair treatment for workers in the industry, highlighting her administration's focus on protecting Mexico's economic interests amid challenging trade relations with the U.S.
10 posts • ChatGPT (GPT-4o mini)
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A growing movement among consumers in Europe and other regions is leading to widespread boycotts of American-made products, driven by discontent with President Donald Trump's trade policies. Many Europeans and citizens from various countries are opting not to purchase U.S. goods as a form of protest. This sentiment is echoed by a notable percentage of Americans, with 20% supporting a boycott against companies that align themselves with Trump's agenda. Major brands such as Coca-Cola (KO), Starbucks (SBUX), and McDonald's (MCD) are among those facing backlash as calls for the boycott intensify across the continent. The protests reflect a broader disapproval of U.S. tariffs and trade strategies that have sparked global unrest and consumer dissatisfaction.
If Donald Trump appears deaf to the protests of other governments over his policies, he may still hear the voice of corporate America should consumer boycotts spread. @eringobrien @Griffith_Uni https://t.co/0K6EnMePWg
🇺🇸 20% of Americans support boycott of firms aligning themselves with Trump agenda https://t.co/X0lKZjzS2I
Boycotts of U.S. products are spreading. From Canada to France, global consumers are turning away from “Made in America.” https://t.co/I0rHSVyi4N
America Last: Why Shoppers Abroad Are Boycotting U.S. Goods A growing number of Europeans and citizens of other countries are choosing not to buy American products to demonstrate their anger at President Trump’s policies. $XLP $KO $SBUX $MCD
Latinos say NO to American products in protest against Donald Trump's anti-immigration policies The rates imposed by the President of the United States The United States and its trade war have unleashed global unrest, leading many consumers to boycott products https://t.co/tmxKvZkvZM
5 posts • ChatGPT (GPT-4o mini)
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Leaders from the Caribbean Community (CARICOM) are set to express their concerns to U.S. Secretary of State Marco Rubio regarding proposed fines on Chinese-made cargo vessels. They argue that these fines would adversely affect the region's oil and gas industry and increase transportation costs. Guyana's President has highlighted the potential negative impact of these tariffs on the Caribbean economy. Additionally, Vice President Bharrat Jagdeo of Guyana has warned that any aggressive actions from Venezuela regarding the disputed Esequibo region will be met with a strong response. Rubio is scheduled to make his first official visit to the Caribbean next week.
50 posts • ChatGPT (GPT-4o)
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President Donald Trump has reiterated his proposal for Canada to become the 51st state of the United States, citing $200 billion in annual subsidies that he claims keep Canada economically afloat. Trump has also criticized the border between the two nations as an 'artificial line,' suggesting that Canada would thrive as part of the U.S.
The proposal has sparked backlash, with Canadian Prime Minister Mark Carney dismissing the idea as 'disrespectful' and 'crazy.' Trump’s comments have also drawn criticism from American podcaster Joe Rogan, who called the suggestion 'stupid' and advocated for improved U.S.-Canada relations. Rogan also suggested Greenland as a more feasible option for U.S. expansion.
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Wouldn’t making Canada the 51st state only create a new blue state with as many electoral votes as California, thus compromising Republicans’ efforts to secure the presidency?
Trump: "To be honest with you, Canada only works as a state. We don't need anything they have. As a state it would be one of the great states. This would be the most incredible country visually. If you look at a map, they drew an artificial line right through it." https://t.co/bmK6khoLff
'Why are we upset at Canada? This is stupid,' says American podcaster Joe Rogan “I don’t really think they should be our 51st state. There. I said it,” commented Rogan during a recent episode of his show https://t.co/3pt0VdRbxF
Trump: “We don't need anything from Canada, and yet it costs up $200b in subsidy to keep Canada afloat. So when I say they should be a state, I mean that. I really mean that.” https://t.co/xM9BFXItyz
Joe Rogan, Elbows Up: 'Why are we upset at Canada? This is stupid. I don’t think they should be our 51st state. We gotta become friends again … I can’t believe there’s anti-American, anti-Canadian sentiment going on. It’s the dumbest.' https://t.co/hkYVhkwpOe
10 posts • ChatGPT (GPT-4o)
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China is reportedly considering limiting its exports of goods such as electric vehicles and batteries to the United States in an effort to mitigate higher tariffs and other trade barriers imposed by the Trump administration. This approach mirrors Japan's strategy in the 1980s, which involved voluntary export restraints and raising prices to avoid stricter trade measures.
The move comes as China's economy faces challenges, including weak domestic growth and prolonged trade tensions with the United States. During Trump's first presidency, China resisted similar pressures but is now exploring this strategy amid new 20% tariffs imposed by the U.S. Treasury Secretary Scott Bessent has accused China of dumping subsidized products, further straining trade relations.
Chinese officials, under the leadership of Xi Jinping, hope this strategy will address U.S. concerns while managing domestic economic pressures, including a slowdown in consumption, deflationary trends, and a need to stabilize the economy. Japan's success in raising the quality and price of its car exports in the 1980s serves as a model for Beijing.
During Trump’s first presidency, China was determined not to yield to American pressure over trade like Japan did in the 1980s. Now, Beijing may take a page from Tokyo’s playbook. @Lingling_Wei https://t.co/95iUjyPGjI
WSJ: US President Trump has successively imposed tariffs on China. As China faces a greater economic shock from the US, combined with a weak domestic economy, the Chinese government is considering limiting the quantity of certain goods exported to the US, such as electric vehicles and batteries, in an attempt to reduce the imposition of higher US tariffs and implement other trade barriers. Similar to the 1980s, the Japanese government adopted a voluntary plan to prevent the US from imposing higher tariffs on imported Japanese products https://t.co/zq1cQGporv
Like Japan decades ago, China is considering trying to blunt greater U.S. tariffs and other trade barriers by offering to curb the quantity of certain goods exported to the U.S., according to advisers to the Chinese government. https://t.co/BM7uuvt5S5
China Explores Limiting Its Own Exports to Mollify Trump—Chinese officials weigh Japan’s 1980s strategy, of restraining exports while charging more, for products such as electric vehicles or batteries @Lingling_Wei https://t.co/DOneGfdTMJ https://t.co/DOneGfdTMJ
China is considering using an '80s Japanese tactic to soften criticism and tariffs from the US: restricting exports and raising the price of goods. https://t.co/ePgaNzwIFM
6 posts • ChatGPT (GPT-4o mini)
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U.S. Secretary of Commerce Howard Lutnick has reiterated his criticism of Ireland, labeling it his favorite 'tax scam.' Lutnick's comments come amid growing concerns regarding the impact of U.S. tariffs, initiated by President Donald Trump, on Ireland's economy. He argues that the multinational sector in Ireland negatively affects the U.S. economy. Additionally, Ireland's Prime Minister has expressed that a sector-by-sector tariff approach could create divisions among European Union member states. The Irish Finance Ministry has warned that Trump's tariffs might reduce the country's GDP by 3.5%. These developments are occurring against the backdrop of a potential global trade war that could significantly affect Ireland's economic landscape.
Trump tariffs may trim Irish GDP by 3.5%, Finance Ministry says https://t.co/w3pqpsCoZD https://t.co/WbA4Nf9dKG
Cliff Taylor: Make no mistake, Ireland will be a central player in the Trump tariffs gameshow, which is about to go live. And the jeopardy will be real. https://t.co/ceborbIXG3
Donald Trump's tariffs threaten Ireland's “leprechaun economy” https://t.co/DqJheArS1U
US Commerce Secretary Howard Lutnick has criticised Ireland’s economic policies, calling it his favourite “tax scam.” He claims the multinational sector harms the US economy, as concerns grow over the impact of a global trade war on Ireland. #VMNews https://t.co/20QVkdm10T
US Secretary of Commerce Howard Lutnick has renewed his attack on Ireland, calling the country his favourite “tax scam”. https://t.co/aUP2sLR1mJ
5 posts • ChatGPT (GPT-4o mini)
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Bitcoin has reached a value of $85,000 as of March 23, 2025. Analysts suggest that a weekly close above this level may indicate further upward movement, particularly amid ongoing tariff concerns. Various sources have confirmed this milestone, highlighting the cryptocurrency's recovery and potential for growth in the current market environment.
6 posts • ChatGPT (GPT-4o mini)
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China's Ministry of Commerce announced that it will continue to impose anti-dumping duties on imported resorcinol from Japan for a duration of five years, effective March 23. This decision follows a final review of the anti-dumping measures. In a related development, India's Directorate General of Trade Remedies (DGTR) has proposed a 12% safeguard duty on non-alloy and alloy steel flat product imports to protect domestic manufacturers from excessive imports from China. Additionally, India has imposed anti-dumping duties on four Chinese products, including soft ferrite cores, vacuum insulated flasks, aluminum foil, and trichloroisocyanuric acid, aimed at addressing concerns over these goods being exported at below normal prices.
10 posts • ChatGPT (GPT-4o mini)
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Japan and China are set to engage in high-level economic talks amid increasing tariff pressures from the United States. The discussions, which mark the first economic dialogue between the two nations in six years, aim to address the rising tensions caused by U.S. trade policies. Chinese officials highlighted the severe changes facing the global economic landscape due to protectionism, emphasizing the need for strengthened economic cooperation between Japan and China. Meanwhile, Japan is navigating its relationship with China cautiously, maintaining a focus on improving ties while being mindful of the ongoing U.S.-China tensions. The talks are also seen as a potential avenue for Japan, China, and South Korea to unite around free trade amidst the challenges posed by the Trump administration's tariffs.
“As Japan, China and South Korea are tied together through bilateral trade, free trade is an issue they can rally around amid Trump's tariff war.” “Wang pressed for an early restart of free trade talks between Japan, China and South Korea. He also reiterated China's interest in
The strategy in action for many quarters (AT LEAST) Trump's threat to free trade brings China, Japan, South Korea closer https://t.co/Fwe3e4r9PC
Japan is careful during the fall wave due to China and Trump tariffs “there must be no cooperation with the United States” Japan-China high-level economic dialogue https://t.co/c0wAfDnkmJ In dialogue, Mr. Wang said, “The composition of the world economy is facing serious changes, keeping in mind the tariff policy by Mr. Trump. Protectionism is rampant,” he emphasized. They called for strengthened economic cooperation between Japan and China.
“Prime Minister's Visit to China, Now Unimaginable” Foreign Ministers' Meeting Measures Japan's Relationship with China https://t.co/oUncjBF8cW The US-China confrontation has intensified since the US Trump administration was inaugurated in January, and the landing point is not visible. For this reason, the Japanese government is carefully spacing out while maintaining the trend of improving relations with China.
Asian giants held their first economic dialogue in six years with the aim of reducing tensions in the face of growing trade pressure from the United States https://t.co/kmqHHFv58I
