Trump announces historic tariffs on Liberation Day
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CBS News |
Canadian Prime Minister Mark Carney wrote on social media, "During this crisis, we must act with purpose and force. My government will fight U.S. tariffs, protect Canadian workers and industries, and...
Reuters |
"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.
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Impact effect? Risk-off and lower Treasury yields. No break of prior ranges on market rates but it smells like they want to go lower ahead. It feels like this could unravel further negative.
Larry Fink heads BlackRock, the world’s biggest money manager. In an interview with Joe Brennan in Dublin, he said the US faces the risk of tipping into a brief recession in the coming months but added that Donald Trump’s policy of cutting government costs and red tape would boost growth over the longer term.