Trade Relations & Tariffs - The EU raised tariffs on steel imports, aiming to protect its market from global overcapacity, primarily stemming from China [1][2] - The EU emphasizes that the steel import restrictions are a horizontal measure, not specifically targeting any single country, but impacting all importers [2] - The US shares similar concerns with the EU regarding global steel overcapacity and protecting local markets, leading to engagement between the two [3] - EU-US trade relations are the largest in the world, with both being each other's largest trading partner, indicating significant economic stakes [4] Economic Growth & Uncertainty - Global trade uncertainty and tensions negatively affect growth, as the EU's economic model relies on open international trade [6] - The EU is committed to defending a functioning multilateral rules-based trading system and diversifying trade engagement through new trade agreements [6][7] - The EU has concluded trade agreements with Merkasur, Mexico, Switzerland, and Indonesia, and is negotiating with India, Thailand, and the United Arab Emirates [7] Investment Opportunities in Europe - The EU offers investors a single market of 450 million consumers and 26 million companies, characterized by predictability, rule of law, and strong institutions [9] - There is elevated investor interest in Euro-dominated assets due to the stability and predictability they offer in turbulent times [9] - Strengthening the competitiveness of the European economy and enhancing productivity growth is a priority for the current political cycle [9]

Joining us now is Afan Bash. She is founder and CEO of Rock Creek and it's great to have you back on the show. Welcome.Great to be with you. So, let's start right there because this has been a global bull market. Um, we focus so much on the US, but how do you see that versus the rest of the world.So, we had such low valuations in places like emerging markets that we were just talking about. And of course, you've had a number of companies that are in getting better. plus they're benefiting from inflation and ...

First, the president says he will hit drug imports with a 100% tariff increase if those companies fail to build out operations right here in America. Those tariffs are kicking in on October 1st. US pharma stocks are reacting in a kind of mixed way right now.You can kind of see now you can see Eli Liy is actually up now. The thinking there Eli Liy has a good amount of its production here in the United States. Merc Fiser, Gilead moving moving a little bit to the upside marginally.So, Madna shares down fractio ...

AI赋能与贸易转型 - AI正在改变普通创业者的商业日常，跳出硅谷泡沫，解决实际问题[1] - CoCreate大赛展示了“接地气”的创新，激发了中小企业的激情[1] - B2B Agent正在重塑贸易流程，从搜索进化为贸易全链条大脑[1] - AI大幅提高效率，使“一人公司”成为现实[1] - AI正在科技金融领域实现融资与支付的革命[1] - 国际贸易正迎来AI赋能中小企业主的“ChatGPT”时刻[1] 行业应用与案例 - 创业者借助AI工具，实现了“一人公司”，AI全包产品设计、寻找供应商甚至搞定贷款等环节[1] - 智能测量工具、女性高尔夫球杆、易穿服装、自消毒尿布台等创新产品涌现[1] 嘉宾观点 - 阿里国际站总裁张阔分享了AI在国际贸易中的应用[1] - 美国小企业主Andrew Laplante和Mike CcClary分享了AI如何改变他们的创业方式[1] - Slope联合创始人Lawrence Lin Murata，AI-Mich集团CEO Alisa Xia，COMAU销售人员Alejandro Alvarez分享了他们对AI的看法[1]

Business Strategy & Outlook - NYK aims to balance rigorous financial discipline with fostering new business growth [40] - The company is focused on expanding its core business and exploring new opportunities in environmentally friendly sectors like offshore windmill projects and alternative fuel projects [39] - NYK views decarbonization shipping as a significant business opportunity, aiming for carbon-neutral or zero-emission vessels to provide additional value to customers and shareholders [39] - The company is increasing shareholder returns through a higher payout ratio, minimum dividend per share, and a new buyback program, aiming to improve its market capitalization, which is currently below 100% of its book value [16][17][18] Financial Performance & Risk Management - NYK experienced strong revenue and profit growth in 2024 [7] - Initial forecasts for 2025 anticipated a potential negative impact of up to 100 billion Japanese Yen (approximately $641 million USD) from tariffs, but later revised the expected drag on recurring profit to 24 billion Japanese Yen (approximately $154 million USD) [8] - The company expects its energy business to contribute 20% of recurring profit in 2025, increasing to 30% by the end of the decade [13] - NYK emphasizes the stability of its LNG contracts, which mitigate the impact of cost fluctuations compared to other shipping businesses [12] Sustainability & Innovation - NYK is committed to achieving net-zero emissions by 2050 through its "Sail Green" initiative, investing in decarbonization technology and renewable energy [14] - The company is expanding its fleet of alternative-fueled ships, primarily LNG, while also developing and testing green ammonia and other next-generation biofuels [27] - NYK operates the world's first commercially operating ammonia-powered tugboat, demonstrating its commitment to reducing carbon emissions [23][28] Market Dynamics & Competition - The global shipping industry faces challenges from escalating trade tensions and tariffs, with potential port fees on ships linked to Chinese-built or flagged vessels estimated to cost container shippers $10 billion annually [1][33][34] - NYK is part of the Ocean Network Express (ONE) alliance, the world's sixth-largest container shipping line, which has improved efficiency and expanded its global network [26][27] - The company recognizes the increasing trend of shareholder activism in Japan and is actively engaging with investors to address concerns about capital allocation and communication [19][20]

The Irish economy has shown early signs of resilience despite exposure to global trade turmoil, the Central Bank of Ireland said https://t.co/S3pRper9V2 ...

Market Trends - Big grain suppliers' rise boosts importers' confidence in global trade [1] - Trade wars are complicating the global grain trade picture [1]

Market Overview - The stock market has shown resilience amid volatility driven by Trump's policies, with significant movements in major indices attributed to expectations of Federal Reserve rate cuts and ongoing trade negotiations [2][3][11]. Tariff Impacts - Trump's imposition of a 50% tariff on Indian goods has created immediate market reactions, with the BSE Sensex and Nifty50 both rising following announcements of renewed trade talks [4]. - Apple's stock has been significantly affected by tariffs, with a notable drop of over 8% in April 2025 due to reciprocal tariffs, including a 34% tariff on China and a 26% tariff on India, leading to a broader decline in tech stocks [5][6]. - As of September 10, 2025, Apple faces an estimated $1 billion tariff burden for the current fiscal quarter, impacting its stock performance despite the launch of the iPhone 17 [6][7]. Legal and Regulatory Challenges - The Supreme Court's review of Trump's tariffs could have significant financial implications, with potential refunds of up to $100 billion if ruled against, creating uncertainty in the market [8]. - Trump's crackdown on pharmaceutical advertising poses regulatory risks to an industry valued at over $10 billion annually, as companies face pressure to reduce drug prices [10]. Global Trade Dynamics - The tariff situation extends to China, where a 30% tax on imports has been imposed, and Brazil, which faces a 50% tariff, highlighting the complex global trade landscape influenced by U.S. policies [9].

Core Insights - The potential return to a high-tariff regime in the U.S. has sparked significant alarm among economists and financial experts, with dire predictions about its economic consequences [3][4]. - Despite initial fears, the actual negative impacts of the tariff policies have been mild or nonexistent so far, with various economic indicators showing resilience [4][38]. Inflation Impact - Initial assumptions suggested that tariffs would lead to higher inflation, but the reality is more complex, with tariffs likely causing a one-time price hike rather than ongoing inflation [6][7]. - Tariff revenues for 2026 are projected to be around $300-400 billion, representing only about 1% of total U.S. GDP, akin to a national sales tax increase [7]. - A study indicated that only 17% of the components in the Core Personal Consumption Expenditure Index are affected by tariffs, suggesting a limited overall impact on inflation [7][8]. - The Consumer Price Index (CPI) showed a year-over-year increase but remained below the two-year average, indicating stability in prices despite new tariffs [11][12]. Recession Concerns - Recession forecasts fluctuated significantly in the first half of the year, but by July, sentiment improved, with the S&P 500 achieving 32 new record highs since "Liberation Day" [15][19]. - GDP growth surged at a 3.3% annual pace in the second quarter, and consumer spending showed a year-over-year gain of 4.7%, indicating economic strength [15][17]. - Most economists surveyed have reduced their recession probability forecasts, with only 2 out of 52 seeing an increased risk [16][18]. Treasury Bond Market - Contrary to fears, the U.S. Treasury Bond market has remained stable, with the 10-year Treasury Bond yield lower than on "Liberation Day" and bond prices increasing by almost 6% since the beginning of the year [20][21]. - Investors have shown confidence in U.S. Treasury securities, even as public debt reached $30 trillion, with tariffs projected to generate approximately $3.3 trillion in revenue over the next decade [21]. Dollar Status - Predictions of a weakened dollar and loss of its reserve currency status have not materialized, with the dollar remaining dominant in international trade and finance [22][24]. - The Federal Reserve's report indicated that the dollar's share of international payments is about 50%, showing stability in its global position [25]. Foreign Investment Trends - Foreign ownership of U.S. Treasury bonds has increased since April, with foreign investors returning as significant buyers of U.S. assets [26]. - The trend of foreign investment in U.S. equities and Treasury bonds has intensified, countering initial fears of a mass exodus [26]. Global Trade Dynamics - Concerns about permanent damage to global trade networks due to tariffs have not been realized, with global trade growing by $300 billion in the first half of 2025 [28][29]. - U.S. trade volumes were higher in July than in any month in 2023 or 2024, indicating resilience in trade despite tariff implementations [29][30]. Supply Chain Stability - Initial fears of supply chain disruptions have not come to fruition, with container shipping costs falling and supply chain pressure levels returning to long-term averages [32][34]. - Companies have adapted to potential tariff impacts by improving supply chain management and resilience, mitigating risks associated with tariffs [34]. Corporate Profitability - Contrary to expectations of declining corporate profits due to tariffs, S&P 500 companies reported a 6.4% revenue increase and an 11.9% earnings growth in the second quarter [36][37]. - The majority of U.S. companies exceeded analysts' earnings estimates, indicating strong corporate performance despite tariff concerns [36][37].

RT Bloomberg New Economy (@BBGNewEconomy)Could the conditions for global trade be any trickier? #BloombergNewEconomy Editorial Director @ErikSchatzker leads conversations in Singapore November 19–21 on supply chains, shifting alliances & the future of commerce. https://t.co/bRLVmTcogz ...