EUR/USD
1.08473
-0.043%
Gold
3153.47
0.680%
Oil
69.383
-1.471%
USD/JPY
148.274
-0.675%
GBP/USD
1.30265
0.154%
GBP/JPY
193.147
-0.472%
Real-time News
April 3: U.S. short-term interest rate futures rose as traders put the probability of the Federal Reserve cutting interest rates for the fourth time this year at nearly 50%, compared with previous forecasts of only three cuts.April 3, market analyst Allison Morrow said that for Trump, who promised to lower consumer prices on the first day of the campaign, his first major economic move is a set of policies that are almost guaranteed to have the opposite effect. Tariffs will raise prices, curb economic growth, and make the United States more likely to fall into recession. Critics of tariffs are worried about the fundamental contradiction of Trumps plan. He believes that tariffs are an all-purpose economic tool that can restore Americas manufacturing strength, restore trade balance, and bring in a lot of money to help the United States repay its deficit and reduce the tax burden on Americans. Although tariffs can do some of these, it is impossible to achieve these goals at the same time.April 3, Dan Ives, head of global technology research at Wedbush, believes that the impact of the massive tariffs introduced by Trump on Wednesday on the market is worse than expected. "We characterize this series of tariffs as worse than the worst case scenario the market fears." He added that technology stocks will face "significant" pressure due to the impact of tariffs, and investors are anxious about demand destruction and supply chains. For Nvidia (NVDA.O) and other chip companies that have a significant relationship with the supply chain, the concern will be the impact on pricing and profit margins, and what this means for the future global supply chain. Apple (AAPL.O) is also worth paying attention to because most of the companys iPhone production is carried out in foreign countries.On April 3, Fitchs head of U.S. economic research said that the current U.S. tariff rate on all imported goods is about 22%, while it will be 2.5% in 2024.On April 3, US President Trump signed two executive orders on the so-called "reciprocal tariffs" at the White House on the 2nd, announcing that the United States would establish a 10% "minimum base tariff" for trading partners and impose higher tariffs on certain trading partners. Trump told the media in the White House Rose Garden that "reciprocal tariffs" are "not completely reciprocal" and that the United States will charge other countries and regions "about half of the tariffs we charge." "For countries and regions that are not good to us, we will calculate the total amount, including non-monetary barriers." Trump said. Trump also said that starting on the 3rd, the United States will impose a 25% tariff on all foreign-made imported cars. Surprisingly, Trump said that the auto tariff will also cover all imported computers, including laptops and desktops, with a tax rate of 4%.
