Community Chat Board - The Cove - Deerfield FL
Tariff on China goes to 104% Trade War !
Donald Trump’s tariffs on other countries have officially gone into effect, including a 104% tariff on China. America is the #1 economy on earth with all the cards. It's time to squeeze Chinese to get them to comply. China's Central Bank has instructed state-owned banks to reduce their purchases of U.S. dollars. This directive aims to manage the pace of the yuan's depreciation against the dollar to reduce damage from US tariffs. China sold US Bonds to pressure rates to increase on US Treasuries.
Tariffs News
-President Trump just officially signed the order mandating reciprocal tariffs across the board
-EU Ready to Negotiate Zero Tariffs with US
-70 Countries Initiate Trade Talks with U.S., Japan Prioritized
-US-China Tariff War Escalates: New Measures and Countermeasures
-Netanyahu Pledges to Eliminate Trade Deficit with US
-U.S. Tariffs to Boost Automated Manufacturing
Chinese Stocks Plummet 12% in Worst Crash Since 2008
On April 7, 2025, the Chinese stock market experienced a significant decline, dropping over 12% in a single day. This event marks the largest single-day loss for Chinese stocks since the Global Financial Crisis in 2008.
Florida to Play Houston in the National Championship
Trump's Tariffs Prompt Global Trade Shifts
President Trump has recently imposed tariffs on various countries, prompting a range of reactions globally. Vietnam has responded by offering to drop tariffs on U.S. goods to zero, with plans to send diplomats to Mar-a-Lago to finalize the deal. In the UK, Prime Minister Keir Starmer has acknowledged the failure of globalization and expressed understanding of Trump's tariff decisions. Meanwhile, Elon Musk has advocated for a 'zero-tariff' system and a free trade zone between the United States and Europe, indicating a contrasting approach to global trade.
Dow Jones Slides More Than 2,200 Points Amid Tariff Announcements
Senate Passes Trump Budget
The amended framework would raise the debt ceiling by up to $5 trillion within the reconciliation process, taking future leverage away from Senate Democrats. It would also make Trump's 2017 tax cuts permanent . It passed mostly along party lines in a 51 to 48 vote around 2:30 a.m. ET on Saturday morning. Sens. Susan Collins, R-Maine, and Rand Paul, R-Ky., were the only two Republicans to join Democrats in opposing the measure..
Zelensky's Invests $1.6 Billion into Platinum Mine
Ukrainian President Volodymyr Zelensky has acquired a 51% stake in Northam Platinum Ltd., a leading South African platinum mining company, for an estimated $1.6 billion. Zelensky is scheduled to visit South Africa on April 10th to meet President Cyril Ramaphosa, amid concerns over the deal's implications.
