GT Voice: Japan’s plunging exports to US show mounting tariff damage
Illustration: Chen Xia/GT
Japan’s export-reliant economy is facing mounting challenges as its shipments to the US have reportedly declined for the fourth consecutive month, marking a noteworthy downturn in its trade performance. This persistent drop in exports to one of its largest trading partners led to the steepest fall in Japan’s overall export figures in more than four years as of July, » Read more about: GT Voice: Japan’s plunging exports to US show mounting tariff damage »
Read MoreHow the Trump administration could attack state laws it says stifle US economy
The Trump administration is hunting for state laws that drag down the US economy. But axing statutes it sees as problematic will depend on how it wields the Constitution’s powerful Commerce Clause.
Last Friday, the Justice Department and the National Economic Council announced a joint initiative to “address” state statutes that “significantly and adversely affect the national economy.” State regulations,
» Read more about: How the Trump administration could attack state laws it says stifle US economy »
Read MoreThe US housing market's historic slump could send inflation plummeting in the coming year
Inflation could be about to see a big drop, even with tariffs still looming over the economy.
The US housing market will be a big driver of headline disinflation, according to Rosenberg Research, which foresees a major drop in home prices that could drag the pace of inflation close to 1% — well below the Fed’s 2% price growth target.
Read MoreUncertainty persists despite EU-US trade deal, says ECB’s Lagarde
BERLIN – The US-EU trade deal has eased but “certainly not eliminated” global uncertainty, European Central Bank (ECB) president Christine Lagarde said on Aug 20.
Speaking at a panel at the World Economic Forum in Geneva, Ms Lagarde said the deal had left the effective US tariff rate for EU goods at between 12 and 16 per cent.
» Read more about: Uncertainty persists despite EU-US trade deal, says ECB’s Lagarde »
Read MoreThe Stock Market Has a Serious Problem (Besides President Trump's Tariffs). History Says This Will Happen Next.
Key Points
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The U.S. stock market faces two serious problems: tariffs imposed by the Trump administration and a historically high valuation.
The Burst
Is This 12.2% Yield ETF Too Good to Be True?
Looking for serious income from your portfolio? The ProShares NASDAQ-100 High Income ETF (IQQQ) might catch your eye. This covered call ETF is engineered to generate sizable payouts through the use of derivatives — and on the surface, its double-digit yield looks almost too good to pass up.
But before diving in,
» Read more about: Is This 12.2% Yield ETF Too Good to Be True? »
Read MoreThe Ivy
IonQ Stock Is on Fire, Will It Last?
If you’ve been tracking hot tech trends lately, you’ve probably noticed quantum computing popping up more and more. And no surprise, it’s one of the buzziest corners of the tech world, right alongside artificial intelligence.
In fact, a report two years ago from McKinsey predicted that quantum tech could unlock $1.3 trillion in value across industries like automotive,
» Read more about: IonQ Stock Is on Fire, Will It Last? »
Read MoreThe Spotlight
1 Defense Contractor Going Global
Lockheed Martin Corporation (NYSE:LMT) is doing very well and making great progress with its 21st Century Security® strategy. The bold plan concentrates on three main initiatives that aim to boost the company’s role in the defense and aerospace industries.
The first initiative focuses on making Lockheed Martin’s production system stronger and able to handle more.