World Business Report
Global markets in flux as trade war between China and US escalates
Apr 11, 2025
Emily Peck, Markets Correspondent at Axios, discusses the escalating U.S.-China trade war and its impact on global markets. She emphasizes Wall Street's reaction to tariff policies and the turbulence from rising Treasury yields. Emily also examines a historic agreement to reduce shipping emissions, pushing ship owners towards greener fuels. Lastly, she highlights the political climate in Gabon amid the upcoming presidential election, tying it all back to broader economic uncertainties like youth unemployment and reliance on oil.
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Quick takeaways
- The ongoing US-China trade tensions are destabilizing global markets, prompting manufacturers to reconsider their production strategies amidst rising tariff concerns.
- Gabon faces economic challenges and potential for diversification as new leadership is sought due to a history of inequitable resource distribution and high unemployment.
Deep dives
US Market Instability and Tariff Tensions
Recent fluctuations in US share markets highlight the rampant instability caused by tariff tensions, especially between the US and China. The week saw stocks initially plummet, followed by a significant rebound after the suspension of most tariffs, only to face declines again as investors grappled with the potential economic damage. Experts suggest that rising yields on US Treasuries indicate growing concerns about the safety of US government bonds, a traditional safe haven during financial turmoil. Those uncertainties are compounded by consumer sentiment deteriorating and inflation expectations rising sharply, creating a pervasive atmosphere of financial anxiety.
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