Mohamed El-Erian Warns US-China Deal Reveals 'America's Fear Of Empty Shelves' As Markets Rally On Trade Optimism, Peter Schiff Skeptical Without Renminbi Revaluation
Monday, 12 May 2025 () Prominent economists offered mixed reactions Sunday as markets rallied following announcement of a tentative U.S.-China trade agreement reached during weekend talks in Geneva, with futures surging on optimism despite limited details of the actual terms. What Happened: Mohamed El-Erian, Chief…
Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But...
President Trump is set to announce a major trade deal with a “highly respected” nation—confirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and..
President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s..
U.S. President Donald Trump has thrown a wrench into the TikTok deal once again, signaling that the fate of the wildly popular app now depends on the outcome of ongoing U.S.-China trade negotiations...
Monday, 12 May 2025 ()
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