German carmaker Audi is halting deliveries of its vehicles to the US due to the new tariffs on automobiles imposed by US President Donald Trump, the newspaper Automobilwoche has reported.
Trump’s 25% levy on car imports took effect last week as part of a series of “reciprocal” measures that have rattled global markets.
The global trade war has escalated with US President Donald Trump threatening China with an added 50% tariff, which would take the total levy to 104%. On his social media account Blue Sky, President Trump announced retaliatory action if Beijing doesn’t drop its 34% tariff on US goods. “Don’t be Weak! Don’t be Stupid!”, President
What happens when the world’s second-largest economy suddenly pulls the plug on billions of dollars in US energy exports without warning, without negotiation and without a single public signal? You get a global energy market in shock and Washington scrambling for answers.
DXY is back and EUR soft. AUD lol. Lead boots are OK. Gold margin call is a measure of market extremity. Oil to the rescue. Copper oh dear. Big mining megabear. EM not so bad. That’s the credit stress we’ve been looking for. But those are not the sovereign yields that the Bessent Plan needs.
The post Australian dollar 50 cents with a bullet? appeared first on MacroBusiness.
Christopher Joye, the Chief Investment Officer at Coolabah Capital Investments, made an appearance on Mark Bouris’ podcast, sharing his insights on the significant consequences of Trump’s tariffs, the underlying issues facing China, and the potential for Australia to become entangled in a global trade war. Joye explained how Trump’s tariffs will result in Australia being
European stock markets fell on Monday morning, continuing a global selloff triggered by US President Donald Trump’s new tariffs that had already rattled Asian markets.
It’s not disruption that’s being prosecuted in this country. It’s dissent.
By George Monbiot, published in the Guardian 3rd April 2025
The faces are different, but it’s the same authoritarianism. Keir Starmer’s team might not look or sound like Donald Trump’s, but its policies on protest and dissent are chillingly similar. So is the reason: coordinated global lobbying by the rich and powerful, fronted by rightwing junktanks.
SIR KEIR Starmer has urged striking bin workers to start negotiating as tons of rat-ridden rubbish pile up.
His challenge came as photos showed a major clean-up was needed to clear a car park in 24 hours in Birmingham.
Emmanuel Macron has been spraying himself with copious amounts of luxury cologne, according to excerpts from a new book about the French president cited in the media.
In his book titled ‘The Tragedy of the Elysee: Inside the Hell of Macron’s Five-Year Terms’, Le Parisien journalist Olivier Beaumont claims that the president uses “industrial amounts”amounts of perfume on a daily basis.
Oscar-winning director Oliver Stone has said that the claims that Russia had meddled in the 2016 US presidential election were nothing but lies.
Well hasn’t this been a fun start to the trading week! A proper bath of blood here on Asian markets after the epic volatility from Friday on Wall Street as it looks like all the 2024 gains will be wiped out as the US at least will enter a bear market. All risk markets are
The post Macro Afternoon appeared first on MacroBusiness.