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America is trying to undo the very system of open trade that it created| www.ft.com
America is trying to undo the very system of open trade that it created| www.ft.com
(Reuters) -The stock market plunge has more to do with the emergence this year of China's DeepSeek artificial intelligence tool than with President Donald Trump's policies, U.S. Treasury Secretary Scott Bessent said in an interview released on Friday that signaled little concern about the ongoing nosedive. "For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSe...| Yahoo Finance
The massive surge in long-term Treasury yields has served as another example of strange trading action in the aftermath of Trump's tariff-fueled "Liberation Day."| Yahoo Finance
US President Trump has stated that tariffs on imports from Europe to the US will be announced “very soon,” claiming that Europe “takes almost nothing from us, and we take everything from them.” I believe it is important to clarify some basic facts. International trade involves both goods and services, yet Trump refers only to goods. If one were to consider only services, Europeans could just as easily argue that “the US takes almost nothing from us (Europe), and we take almost every...| Rangvid’s Blog
