President-elect Donald Trump’s aides are exploring tariff plans that would be applied to every country but only cover critical imports, three people familiar with the matter said — a key shift from his plans during the 2024 presidential campaign >>> not as fierce as initially mentioned by Trump... the 50% tariffs headlines are for the MAGA clan, now as usual things watered down, the REAL plan is what #Bessant says 3/3/3... >>> caviat : back in 2017/18 those articles from WSJ or WAPO were often wrong and mistimed so beware a flip flop, and nothing is mentioned about Mexico or Canada >>> and not too long thereafter...Trump 'denied' that he will pare back his tariff policy (you don't want to a soft chat before negotiations..), having said all this the USD is running a little bit weaker still on the WAPO story (positioning has been very long USD since Q4 - EURUSD chart, but other pairs look similar..), USDCNH though still on highs (local yields..), risk overall did well on the back of the soft tariffs news, chip sector on highs #NVDA etc
Jeff Bezos says everything on Earth is better than it was 50 years ago—except for 1 thing
BoJ : Two or three rate increases are expected in 2025 from the Bank of Japan, possibly taking the benchmark to 1% for the first time in three decades
FT-China rushes to reassure investors as equities and renminbi fall
#XAGUSD moved higher on the Trump tariffs news yesterday, back above 200dma $30
Why Does Warren Buffett Hold So Much Cash?
Headache for the ECB as German inflation rises from 2.2 to 2.6%, core is 3.1%
We cannot, as Europeans, let Russia win in Ukraine. It's about our security and the international order. The question is how to support Ukraine long-term, so they can resist and eventually negotiate a lasting peace. No solution can be made without Ukrainians, and no quick fix will serve Europe or the US," Macron said.
Switzerland's controversial "burqa ban" along with new laws to combat child marriages, boost renewable energy and stop big banks from going bankrupt are all coming into force on January 1, 2025
Indonesia Enters BRICS As Full Member: How An Expanding Bloc Benefits India
As expected, Trudeau quit after 9 Years in power with Liberals in revolt, Carney in frame
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spending
And, The Swiss VAT exemption limit for purchases made abroad was halved from CHF300 to CHF150 at the start of this year
Bill Kristol on X: "John Bolton on Trump's plans: "It’ll make the 'Saturday Night Massacre' look like a tea party because the number of enemies he wants to prosecute is so large...Will they then be fired?" Watch, listen to, or read the transcript of the whole conversation: https://t.co/bRRND0AizQ https://t.co/ntiZBx1JdB" / X
Michael Pettis on X: "1/16 Barry Naughton: "Japan spent almost a decade trying to painlessly restructure a financial system that had suffered a huge reduction in the value of its assets. And now China seems to be repeating some parts of that." https://t.co/BWZYgZyjRI" / X
Shares ATH's again yesterday
Knew it was bad a long while ago ! as often discussed with many of you, keeps on giving though, good grief, even worse than many been thinking
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