Reuters World News Trump’s trade war, bond selloff, Ukraine and China
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Apr 9, 2025 Trump's tariffs ignite a global trade war, imposing hefty duties on Chinese goods and causing chaos in markets and U.S. bonds. As consumers brace for impact, China's strategic meeting reveals efforts to mitigate the fallout. The episode also highlights the capture of two Chinese fighters in Ukraine, raising tensions over China's ambiguous stance in the conflict. Amid rising economic anxiety, small businesses feel the pinch of inflation and potential recession, making for a gripping discussion on international relations and economic repercussions.
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Trade War Impact
- Trump's tariffs have triggered market turmoil and a sell-off in US bonds.
- China vows to fight back against what it calls US bullying.
China's Response
- China is strategizing both defensively and offensively against US tariffs.
- They aim to boost domestic demand and signal their commitment to fight back.
Market Turmoil
- The sell-off in US Treasuries indicates investor panic and a dash for cash.
- Concerns about inflation and foreign investors dumping US Treasuries fuel the sell-off.