tariffs and trade – Charm

The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China

5 days ago09 mins

Tariff revenues are dramatically falling short of initial White House expectations, generating roughly $100 billion less than projected, according to a recent analysis from Pantheon Macroeconomics. Treasury Secretary Scott Bessent predicted in August that tariffs would raise “well over half a trillion, maybe toward a trillion-dollar number,” but data compiled through Nov. 25 implies that…

The stock market’s ‘fear gauge’ spiked to its highest level since Trump’s ‘Liberation Day’ tariffs caused a global selloff

Cs news2 weeks ago2 weeks ago05 mins

The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown. The Cboe Volatility Index, known as the VIX, peaked at 27.8 on Thursday and closed the day around 26.3—its highest point since the…

China has only bought 332,000 tons of U.S. soybeans since Trump’s deal with Xi that promised 12 million

Cs news3 weeks ago3 weeks ago08 mins

New data the Agriculture Department released Friday created serious doubts about whether China will really buy millions of bushels of American soybeans like the Trump administration touted last month after a high-stakes meeting between President Donald Trump and Chinese leader Xi Jinping. The USDA report released after the government reopened showed only two Chinese purchases of…

Farmers feel betrayed as China dangles millions of tons of soybean purchases over the U.S. to get an edge in the escalating trade war

Cs news4 weeks ago05 mins

Soybean farmers, caught in the middle of a trade war between the world’s two biggest superpowers, are starting to feel the consequences as China uses its crop purchasing power as political leverage. As China’s economy has improved, the country has sought out more growth-boosting, high-protein soybean to feed its growing number of livestock such as…

Stock market today: Dow futures rise ahead of tariff case, Musk compensation vote

Cs news1 month ago1 month ago06 mins

Markets signaled another positive session as futures rose Sunday night ahead of a big week for President Donald Trump’s tariffs and Tesla CEO Elon Musk’s blockbuster compensation plan. Futures tied to the Dow Jones industrial average rose 107 points, or 0.22%. S&P 500 futures were up 0.28%, and Nasdaq futures added 0.30%. That would add to Friday’s rally. The…

Canadian prime minister apologized to Trump for the anti-tariff ad and says he told Ontario’s premier not to run it

Cs news1 month ago1 month ago04 mins

Canadian Prime Minister Mark Carney said he told Ontario’s premier not to run an anti-tariff advertisement that prompted U.S. President Donald Trump to end trade talks with Canada. Carney also confirmed that he apologized to the president during a dinner at the the Asia-Pacific Economic Cooperation summit because Trump was “offended.” Ontario’s television advertisement that aired in in the…

Stock market today: Dow futures jump as US-China trade war cools

Cs news1 month ago03 mins

U.S. stocks signaled another rally on Sunday night after the Trump administration negotiated a framework for a trade deal with China that should avoid mutual assured destruction. Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President…

Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

Cs news1 month ago1 month ago04 mins

President Donald Trump’s extra 10% duty on Canada added fuel to the debate over his legal authority on trade, just as the Supreme Court is about to consider a challenge to his global tariffs. In a Truth Social post on Saturday, he blasted the Ontario provincial government for not immediately taking down a TV ad…

China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

Cs news1 month ago05 mins

Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump and Xi Jinping, with some on Wall Street saying Beijing overplayed its hand by imposing draconian restrictions on rare earth exports. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held negotiations that the…

Top analyst says China is playing a ‘key role’ in the price of gold going through the roof, and he’s got the data to prove it

Cs news2 months ago09 mins

China has emerged as a critical force propelling gold prices to record highs in 2025, according to one of the most influential analysts on Wall Street. Torsten Slok, Apollo Global Management’s chief economist who is renowned for his pithy, incisive daily email The Daily Spark, highlighted on Tuesday that China’s impact goes beyond central bank…