Wednesday, April 23, 2025

Thursday's News Links

[Yahoo/Bloomberg] Stocks Fluctuate on Tariff Concern as Dollar Slips: Markets Wrap

[Yahoo/Bloomberg] US Officials Mull Easing Tariffs Targeting the Auto Industry

[AP] US filings for jobless benefits inch up as labor market remains strong despite fears of downturn

[AP] Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds

[Reuters] Japan urges G20 to stabilise markets, warns of US tariff damage

[AP] Russian strike on Kyiv kills 9 in biggest attack on Ukrainian capital since last summer

[AP] Rubio says Iran must give up nuclear enrichment in any deal with the US

[Bloomberg] China Says US Should Revoke Unilateral Tariffs, Denies Talks

[Bloomberg] Japan to Resist Trump Efforts to Form Trade Bloc Against China

[Bloomberg] Xi Seeks Detente With Europe as Trump’s Tariffs Alienate Bloc

[Bloomberg] Gold Rebounds After Biggest Drop This Year as Dip-Buyers Step In

[Bloomberg] Japanese Assets Draw Record Inflows in Sign Funds Are Leaving US

[Bloomberg] Trump Is Facing Six Wars, and He’s Losing All of Them

[NYT] On Major Economic Decisions, Trump Blinks, and Then Blinks Again

[WSJ] China Bets Trump Will Back Down on Tariffs

[WSJ] For China’s Trolls, ‘Chairman Trump’ and ‘Eyeliner Man’ Are Easy Targets

[WSJ] Missed the Gold Rally? Go for Silver

[FT] China tells US to ‘cancel all unilateral tariffs’ if it wants talks

[FT] Donald Trump’s war with Federal Reserve threatens lasting damage to Treasuries

[FT] Corporate America puts Wall Street on alert over damage from trade war

[FT] Hatzius: The dollar has further to fall

[FT] Donald Trump’s tariffs choke vital medical device supply chain

[FT] Chinese factories slow production and send workers home as tariffs bite

[FT] Nato chief to urge US not to force Ukraine into pro-Russia peace deal

[FT] Europeans fear growing rift with US over Ukraine talks

[FT] Carmakers play down advanced driving functions after Beijing crackdown

Wednesday Evening Links

[CNBC] S&P 500 futures are little changed after major averages post back-to-back gains: Live updates

[Yahoo/Bloomberg] Exhausted by Trump Reversals, Traders Get No Relief From Rebound

[Yahoo/Reuters] US calls EU fines on Apple and Meta 'economic extortion'

[Yahoo/Bloomberg] Trump Ramps Up Pressure on Zelenskiy to Accept Peace Deal

[Bloomberg] Trump Says Millionaire Tax Would Push Wealthy to Leave the US

[Bloomberg] Trump Considers Reducing Chinese Car Part Tariffs, FT Says

[Bloomberg] Chinese Exporters Retreat From US as Tariffs Erode Profitability

[WSJ] Trump Blames Zelensky as Ukraine Peace Talks Stumble

Wednesday Afternoon Links

[Yahoo/Reuters] Wall Street rallies as worries about tariff war, Powell tenure subside

[Yahoo/Reuters] US, China tariffs need to fall for trade talks to start, Bessent says

[Yahoo/Reuters] US Treasury's Bessent urges IMF, World Bank to refocus on core missions

[Yahoo Finance] US economic output hits 16-month low in April, expectations crater

[AP] Bessent assails IMF and World Bank and says there’s an ‘opportunity for a big deal’ with China

[Yahoo Finance] Bessent says IMF and World Bank 'falling short' as he calls for rebalancing of international financial system

[AP] Trump says Zelenskyy is prolonging war in Ukraine by resisting calls to cede Crimea to Russia

[Bloomberg] Bessent Says No Unilateral US Offer to Cut Tariffs on China

[Axios] Scoop: Musk vs. Bessent dispute erupted into West Wing shouting match

[Bloomberg] Lagarde Says Powell Is Doing What Is Needed to Serve US People

[WSJ] White House Considers Slashing China Tariffs to De-Escalate Trade War

[WSJ] Why Trump Decided Not to Try to Fire Jerome Powell

[WSJ] Grant: ‘Our Dollar, Your Problem’ and ‘King Dollar’: The Currents of Currency

[FT] Trump and the art of the retreat

[FT] Scott Bessent warns mutual de-escalation required in US-China trade war

[FT] Scott Bessent accuses IMF and World Bank of ‘mission creep’

[FT] Donald Trump attacks Ukraine for not recognising Russian occupation of Crimea

[FT] IMF predicts Trump tariffs could drive public debt to postwar high

[FT] Jane Street trading revenues nearly doubled in 2024 to more than $20bn

[FT] UK borrowing soars as business activity contracts at fastest rate for 2 years

[FT] Richard Branson slams Donald Trump’s ‘erratic’ tariffs