The president of the United States, Donald Trump, looks next to wounded veterans (not in the photo) before signing executive orders in the Oval Office of the White House in Washington, DC, USA UU., April 23, 2025.
Leah Millis | Reuters
The president of the United States, Donald Trump, called the first shots in his commercial crusade, but also flicked first in his tariff war.
Trump on Tuesday night said that the current 145% rate on Chinese imports is “very high, and it will not be so high … no, it will not be anywhere. The softer tone of the president towards China, although there were no formal conversations, contrasts with its most combative rhetoric in early April.
China, on the other hand, has hosted the conversations, but has not given any land. “China’s attitude towards the rate that takes place for the United States is quite clear: we don’t want to fight, but we are not afraid of that. If we fight, we will fight until the end; if we talk, the door is open, spokesman for the spokesman.
The markets recovered after the softener position, but with the changes in the rhetoric of the White House, we could be in another cervical whip if Trump changes his mind.
– Lim hii jie
What you need to know today
Besent says that China, USA, has an “opportunity for a big problem”
The United States Treasury Secretary Scott Besent, said Wednesday “there is a chance for a big problem here” about commercial problems between the United States and China. “If they are owed to be rebuilt, let’s do it together,” Besent said an appearance at the Washington Institute of International Finance, DC Besent’s comments echo the Trump’s own words on Wednesday, where the user “Nar’t but won 0%.
The states demand Trump on tariffs
The Cajas states demanded President Donald Trump and his administration on Wednesday, seeking a court order to declare that his new tariffs on foreign imports are illegal. “The president does not have the power to increase taxes on a whim, but that is exactly what President Trump has been doing with the thesis tariffs,” said New York Attorney General, Letitia James, in a statement on the claim.
SK Hynix warns about demand volatility after quarterly profits are triggered 158%
S. South Korea SK Hynix exceeded quarterly income and operational profits, since the demand for their high -bandwidth memory offers used in artificial intelligence chips remained strong. Income increased approximately 42% in the quarter of March since the same period of the previous year, while operational profits increased 158% year after year.
The quarterly GDP of South Korea for the first time in four years
The Gross Domestic Product of South Korea contracted 0.1% year after year in the first quarter, according to early figures, marking the first contraction in its economy from the fourth quarter of 2020. This lost the 0.1% increase expected by a Reuters survey, and is a reversion of the 1.2% increase in the last year of 2024.
The markets go up after a softer tariff conversation
The shares increased on Wednesday in the hope that the commercial tensions of Us-China could soon be facilitated. The three main indices published consecutive profits. The Dow Jones industrial average increased by 1.07%, while the S&P 500 rose 1.67%and the Nasdaq compound recovered from 2.50%. About in Asia, the markets were mixed, with the markets of Japan and Australia going up, but Hong Kong and Continental China fell.
[PRO] Optimism in rates may not be enough
The Stock Market achieved a second consecutive solid session on Wednesday, promoted by more clues that the Trump administration can soften its focus on tariffs, but it could take something substantive for this rebound a true rallyy.
And finally …
A kilogram of gold in the smelting of the ABC refinery, operated by Pallion, in Sydney, Australia, on Thursday, April 17, 2025.
Brendon Thorne | Bloomberg | Getty images
Why the gold became the safe choice refuge while the treasury and the US dollar were sold
Gold prices have a tear in a tear with recently commercial agitation that leads investors to the safe refuge, while competitive assets such as US treasures. UU. And the dollar have fallen.
This is linked to the seismic change in the commercial policy of the United States under President Donald Trump, and Bullion has “entered the vacuum” as the asset of safe choice market.
“Read more