The Rundown China Restricts Exports on Key Resources, Netflix Sets Goal for $1T Valuation
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Apr 15, 2025 The podcast dives into escalating trade tensions, focusing on new U.S. tariffs and China's rare earth export restrictions. These moves could significantly impact U.S. companies trying to strengthen their supply chains. It also highlights NVIDIA's ambitious AI supercomputer plans and Netflix's soaring growth goals. Additionally, the discussion touches on the financial habits of Coachella attendees, revealing trends in buy now, pay later schemes. Listeners are invited to engage with these insights!
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Tariff Exemptions Boost Automakers
- President Trump hinted at tariff exemptions for automakers, boosting their stocks.
- This follows a volatile day in the stock market, ending with gains for S&P 500 and NASDAQ.
Businesses Sue Over Tariffs
- Five small businesses sued President Trump, challenging his authority to impose tariffs.
- They argue that this power belongs to Congress, not the President, under the Emergency Economic Powers Act.
China Restricts Rare Earth Exports
- China retaliated against US tariffs by restricting exports of rare earth metals and critical magnets.
- These materials are essential for various goods, from electric vehicles to defense missiles, and China holds a dominant position in their refinement.