Further tariffs including 104% on China take effect. Plus, conservative justice Amy Coney Barrett becomes target for Maga attacks<\/p>\n
Good morning.<\/p>\n
The US and China are heading towards an all-out trade war, as Donald Trump unleashed a new wave of tariffs against dozens of partners that triggered a fresh day of stock market turmoil<\/a>.<\/p>\n How are markets moving in Wednesday trading?<\/strong> The UK\u2019s FTSE 100 index slid 2.4%, Germany\u2019s DAX fell 2.8%, France\u2019s CAC dropped 2.5% and Japan\u2019s Nikkei slumped 3.9%, but China\u2019s SSE index was up 1.3% at the time of writing. Follow our live coverage here<\/a>.<\/p>\n What\u2019s going on with bonds?<\/strong> Investors are alarmed at how the tariffs have provoked a sell-off in US bonds, causing yields for 10-year notes \u2013 usually the benchmark safe-haven asset<\/a>, and a reference point for the cost of US government borrowing \u2013 to climb to 4.36%.<\/p>\n Why has Trump\u2019s tariff methodology been disparaged?<\/strong> The new wave of tariffs are tailored to specific countries based on a formula that has been criticized<\/a> by economists that divides trade in goods deficit by twice the total value of imports.<\/p>\n What did the UN secretary general say?<\/strong> Pointing to the Geneva conventions governing the treatment of people in war, Guterres emphasized the obligation of the \u201coccupying power\u201d to ensure the provision of food and medical supplies to the population. \u201cNone of that is happening today. No humanitarian supplies can enter Gaza,\u201d Guterres said.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Further tariffs including 104% on China take effect. Plus, conservative justice Amy Coney Barrett becomes target for Maga attacks Good morning. The US and China are heading towards an all-out trade war, as Donald Trump unleashed a new wave of tariffs against dozens of partners that triggered a fresh day of stock market turmoil. How … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38341","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=38341"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38341\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=38341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=38341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=38341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}