Trump said he expects to lower tariffs the US has imposed on Chinese goods over the country’s role in the fentanyl crisis https://t.co/6TyaoKpNAl ...

Five Republicans join Democrats to pass a resolution aimed at ending the president's tariffs on Brazil. The House is not expected to take it up.https://t.co/9HTNMCvXSu ...

Five Republicans join Democrats to pass a resolution aimed at ending the president's tariffs on Brazil. The House is not expected to take it up.https://t.co/H1fkNQDLrN ...

A handful of Republican senators joined with Democrats to pass legislation aimed at canceling Donald Trump’s tariffs on Brazil, underscoring a fracture in the president’s party on a signature economic issue https://t.co/Ux7F2x1kT7 ...

US Deficit and Economic Policy - Bridgewater founder Ray Dalio discussed the US deficit as a "ticking time bomb" [2] - The US government's policy is a bet on growth, aiming to stimulate growth and lower interest rates to reduce debt service costs [2][3] - Tariff revenue is estimated to be $300-400 billion annually, while spending is approximately $7 trillion and revenue is $5 trillion [2] - Lowering interest rates is intended to stimulate growth and asset prices, while also lowering the cost of debt service [3] Economic Disparity and Technological Impact - There's a significant economic divide, with the top 1-10% (tech and AI-sensitive) performing well, while the bottom 60% (with low reading levels) are becoming less productive [4][5] - The economy and markets cannot be viewed as a whole due to the growing wealth gap, which is also seen in the UK and France [5][6] - Wealth creation is shifting from income to unicorn creation, impacting income taxes and leading to potential relocation issues [7] Political Conflict and Uncertainty - The democratic system is facing challenges with political conflict between the left and right, impacting compromise and cooperation [10] - Political conflict creates uncertainties about taxes, living locations, and investment decisions, contributing to the appeal of gold [11][12]

Prediction markets see a better-than-even chance the Supreme Court will rule against Trump's tariffs https://t.co/ZfbrXQSyat ...

US-China Relations & Global Economy - De-escalation between the US and China is viewed as beneficial for global confidence and growth [1][2] - Tariffs have had a neutral impact on the bank's business, with increased financial market activity offsetting deferred investments [3][5] - Trade rerouting presents a significant opportunity for the bank, particularly in Europe, the Middle East, Asia, and Africa [6] - Trade is likened to water, finding a way to flow, creating opportunities for the bank [5][7] Regional Performance & Investment - Saudi Arabia is experiencing an investment boom, driving growth for the bank [8][9] - Egypt is on a path of recovery, contributing to the bank's positive outlook in North Africa and the GCC [10] - The bank has invested heavily in its wealth management presence in Dubai to serve the region [11] Credit Environment & Risk - The bank sees no signs of stress in its portfolio, despite some credit fears in the market [14] - Private credit is considered to be managed by professional investors, with potential for losses in a downturn, but not a systemic risk [15][16] - The bank remains positive for the rest of the year and into next year, citing robust credit environment and increasing trade [17][18] Digital Assets & Cryptocurrency - The bank distinguishes between cryptocurrencies (speculative instruments) and digital assets like stablecoins (lubricant for the digital economy) [20][21] - The digitization of money is considered a profound evolution, with all money eventually becoming digital [23] - The bank plays a critical role in bridging the old and new economies in digital assets, operating a leading institutional-grade cryptocurrency custodian marketplace [24][25] - Regulatory divergence poses a challenge in the digital asset space [25] - The bank has a cryptocurrency trading license but faces capital charge limitations on overnight positions [26]

Their domestic farm lobbies will squeeze both Trump and Modi over ethanol, @andymukherjee writes, making a deal on tariffs much harder to reach (via @opinion) https://t.co/uxbYJGi6kx ...

Trade War & Tariffs Impact - The US-China trade war, initiated by Trump's tariffs on China, led to China banning American soybean imports [1] - Soybean farmer John Boyd Jr feels betrayed by President Trump, citing deals undermining American farmers, including Argentina selling soybeans to China [1] - Tariffs are causing financial distress for American farmers, with rising bankruptcy rates, farm suicides, and foreclosures [1] - Farmers are not receiving promised financial relief from tariffs, with no one seeing a dime of the 3 billion USD said to be going out last week [4] - The 10 billion USD Trump says is going to save farmers is insufficient, described as a band-aid when major surgery is needed [4] - Reagan's ad against tariffs resurfaced, prompting Trump to impose more tariffs on Canada [7] - Reagan stated that high tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars [9] Political & Economic Implications - 90% of farmers voted for Donald Trump, implying China is trying to hurt Trump's constituency [1] - Democrats need to pay attention to rural areas and advocate for farmers to win back their votes [1] - Democrats have to make a play in these red states for farmers for the first time in a very very long time [2] - The Ford government views the anti-tariff ad as mission accomplished, aiming to generate resistance from Americans against Trump's tariffs [13][14] - Canada argues that tariffs on Canada are attacks on the American people [15] Soybean Market & Farmer Distress - Grain elevators are full, preventing farmers from selling soybeans, and some farmers have had to stop harvesting [1] - One farmer, with 42 years of experience, has never had grain elevators refuse soybeans due to lack of movement [1] - When the first president had his first term, I was selling soybeans for 1680% a bushel and and uh you know, I could pay a few bills and college tuition and and take care of my family [3] - After Trump announced tariffs to China, the price plummeted to 7 USD a bushel [3]

From @WSJopinion: Trump can boast about tariffs all he wants, but he shouldn’t get away with taking Reagan’s trade beliefs in vain https://t.co/IlIJvVwrds ...