It was an ultimatum that sent ripples through Bangladesh’s garment industry: If the interim government failed to safeguard domestic yarn production by suspending duty-free yarn exports under the bonded warehouse facility, the Bangladesh Textile Mills Association warned, all mills would be indefinitely closed starting February. “We do not have the capacity to repay bank loans,” BTMA president Showkat Aziz Russell said at a press conference in Dhaka last week. “Even if we sell off all our assets, it will n ...

Core Viewpoint - China is imposing provisional tariffs of up to 42.7% on dairy products imported from the European Union, effective immediately, as a response to EU subsidies that are perceived to harm China's dairy industry [1][3]. Group 1: Tariff Details - The new tariffs on EU dairy imports will range from 21.9% to 42.7%, affecting various products such as fresh and processed cheese, blue cheese, milk, and cream with a fat content exceeding 10% by weight [3]. - The decision to impose these tariffs follows a preliminary investigation that began in August 2024, which found that EU subsidies for dairy products had negatively impacted China's domestic dairy sector [3]. Group 2: Context of the Investigation - The investigation into EU dairy products is part of a broader context of trade tensions, where China has also launched probes into EU pork and brandy imports in retaliation for the EU's tariffs on Chinese electric vehicles [2][5]. - The EU's trade relationship with China is characterized by a significant trade deficit for the EU, amounting to over 300 billion euros ($352 billion) last year, highlighting ongoing economic frictions [4]. Group 3: Broader Trade Relations - The tariffs on dairy products are part of a tit-for-tat strategy, as the EU previously imposed tariffs as high as 45.3% on Chinese-made electric vehicles, prompting China to respond with its own tariffs on EU imports [2]. - China's recent tariff announcements also include up to 19.8% on EU pork imports and up to 34.9% on brandy, indicating a pattern of escalating trade measures between the two regions [5].

Financial Performance - Goldman Sachs reported adjusted EPS of $12.25 for Q3 2025, exceeding the analyst estimate of $11.00, with net revenue of $15.18 billion, surpassing the estimated $14.10 billion [2][10] - The firm's provision for credit losses was lower than expected at $339 million, compared to an estimate of $369 million [2] - Albertsons reported adjusted EPS of $0.44 for Q2 2025, outperforming the estimated $0.40, with revenue reaching $18.915 billion against an estimate of $18.886 billion [4][10] - Goldman Sachs declared a dividend of $4 per share and achieved a return on equity (ROE) of 14.2% with net income of $4.1 billion [3] Market Developments - The write-off of Credit Suisse's Additional Tier 1 (AT1) capital instruments was revoked, providing clarity and potential relief for impacted bondholders [6][10] - Deutsche Bank and Morgan Stanley raised their target prices for Broadcom Inc., indicating positive sentiment for the semiconductor company [8] Geopolitical Events - China imposed sanctions on South Korean shipbuilder Hanwha Ocean, escalating trade tensions and prohibiting Chinese entities from engaging with Hanwha's U.S.-linked units [5][10] - Chinese Premier Li Qiang emphasized the need for a resilient economy, urging the full utilization of policy resources and counter-cyclical adjustments to stabilize economic growth [7][10]

Meanwhile, stocks have taken a sharp turn lower as the president did threaten this massive, he called it massive increase in tariffs on China. Joining us this morning, Jeff Moon, founder of China Moon Strategies, former assistant US trade rep for China Affairs. Jeff, it's good to have you back.Thanks for coming to the line. >> Thank you. >> Do you think this moment was inevitable.>> I think so. I I think uh we need to really step back. This is all part of the bargaining process.Both the US and China I think ...

The European Union has a powerful tool to fight trade disputes. Could it use it against the United States. Donald Trump is ramping up the pressure on the EU.He wants the block to agree a deal by August the 1st, or he's going to impose 30% tariff on most of the EU's exports. Should negotiations with the US fail, a growing number of member states wants the EU to activate its most potent trading tool, the so-called anti-coercion instrument. It gives the EU legal cover to hit back beyond the traditional boundar ...