Commodities, Business & Shipping (and Tariffs)

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The Consequences of Chaos - The Big Picture

This market has been trying to digest a series of unexpected policy disappointments. Most corporate executives thought we would be getting tax cuts, deregulation, and a business-friendly environment. Instead, we have gotten April 2nd Liberation Day tariff announcements. With tariffs, we have...
ritholtz.com
 

Trump threatens new 50% tariffs on China if Beijing doesn’t remove retaliatory duties: Live updates​

  • President Donald Trump is threatening new 50% tariffs on China unless Beijing lifts its retaliatory duties on U.S. exports by tomorrow.
  • The White House says any suggestion that Trump is considering a 90-day pause in tariffs is “fake news.”
  • U.S. markets opened sharply lower Monday for a third trading session, as Trump’s tariffs paralyze global trade and investment.
  • Asian markets plunged overnight, with stock indexes in Singapore, Australia, Japan, South Korea and India all suffering losses.
  • European Union President Ursula von der Leyen said the EU is willing to negotiate with the U.S. on tariffs but also said the bloc will prepare to retaliate.
  • Billionaire Trump backer Bill Ackman says America is on the brink of an “economic nuclear winter” due to tariffs.
  • DOGE chief Elon Musk and top Trump trade advisor Peter Navarro continued a war of words and tweets over free trade.
  • Trump will host Israeli Prime Minister Benjamin Netanyahu, one of his closest allies, at the White House Monday.
  • Commerce Secretary Howard Lutnick insists that tariffs will not be postponed, and will “stay in place for days and weeks.”
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Dow slides more than 300 points as Trump tariffs rattle stocks for a third day: Live updates​

The Dow Jones Industrial Average fell for a third day following President Donald Trump’s tariff rollout, with the president threatening even higher rates against China on Monday.

The session was a wild one as traders tried to speculate when the market would bottom from Trump’s tariff turmoil, with the Dow Jones Industrial average posting its largest intraday point swing ever recorded.

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Trump’s reciprocal tariffs plan kicks in; China vows again to impose countermeasures​

  • President Donald Trump’s tariffs are in effect, including an expected 104% tariff on China.
  • U.S. Customs and Border Protection said Tuesday that it was prepared to begin collecting country-specific tariffs from 86 U.S. trade partners starting at 12:01 a.m. ET.
  • U.S. markets sold off sharply Tuesday afternoon, heading into the midnight tariff deadline.
  • Tesla CEO Elon Musk is escalating his attacks on top Trump trade advisor Peter Navarro.
  • The president says China “wants to make a deal, badly, but they don’t know how to get it started.”
  • Former Commerce Secretary Carlos Gutierrez says the U.S. and China are in a full blown trade war.
  • Newly confirmed U.S. Trade Representative Jamieson Greer, testified before the Senate Finance Committee at a hearing on the president’s 2025 trade policy agenda.
  • European Commission President Ursula von der Leyen says the EU is willing to negotiate with the U.S. on tariffs, yet is also preparing to retaliate.
  • Two billionaire Trump backers, Ken Langone and Ken Griffin, are furious about the tariffs.
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Wall Street Breakfast Podcast: Easter Spending To Hop To $23.6B Despite Uncertainty​

Summary​

  • Consumers are projected to spend $23.6 billion on Easter, with candy, food, and gifts being the top purchases, according to NRF and Prosper Insights & Analytics.
  • Microsoft reclaims the title of the world's most valuable public company with a market cap of $2.64T, surpassing Apple due to its recent stock decline.
  • Peabody Energy surges as President Trump announces plans to boost coal mining using the Defense Production Act, aiming to enhance U.S. electricity production for AI development.
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Weekly scrap market report

Check Scrap Prices: https://iScrapApp.com/ - Major market shifts are underway after new tariff announcements shook the global scrap scene. In this week's report, we break down the sharp pullbacks across metals, with copper leading the headlines after a massive 20% price drop. Stay informed and learn what these developments mean for your scrapping strategy.\
Read more: https://iscrapapp.com/blog/weekly-scr...

Copper Chaos: Why Prices Crashed 20% After Tariff Shocks | Scrap Metal Market Update​

 
*Nothing to see, can listen in one tab, play around the forum in a different tab. 46 mins.

Apr 9, 2025 Doug Casey's Take
Find us at www.crisisinvesting.com
In this episode, Matt and Doug discuss the broader implications of Trump's economic plan, including his focus on tariffs and national security. They dive into whether national security threats are real or a governmental construct and analyze the underlying motivations behind Trump's economic strategies and defense spending. Doug calls into question the efficacy and real purpose of the tariffs and the trillion-dollar defense budget, suggesting that these moves might be aimed at countering China's growing economic power. They also explore the potential global consequences of these policies, including a possible lead-up to World War III, and highlight the current state of the stock and bond markets, gold prices, and the potential for a mining boom. Throughout, they put forth a call to action for listeners to review their personal financial positions, particularly in terms of gold and silver investments, amidst the evolving global economic landscape.

The Real Motive Behind the Tariffs​

 

Keep watching the bond curve - Splash247

Andrew Craig-Bennett with financial advice for shipowners amid the Trump market gyrations. Donald Trump has just backed away from the abyss – denying, of course, that he is doing any such thing – and, while adding yet more tariffs to imports from China to the US, he has announced a 90-day...
splash247.com

Tariffs on China set to dramatically alter US trade flows - Splash247

Supply chain planners are busy booking shipments from non-Chinese destinations into the US today following last night’s tariff surrender by Donald Trump, the American president. Trump announced a 90-day pause for countries hit by higher US tariffs amid financial turmoil and a weakening dollar...
splash247.com
 

Watch: Trump speaks at a Cabinet meeting as markets tumble on China tariff fears​

  • President Donald Trump dramatically reversed course, dropping his country-specific tariffs down to a universal 10% rate for all trade partners except China.
  • China’s tariff rate will jump to 145%, a White House official confirmed to CNBC.
  • White House economic advisor Kevin Hassett says there are trade deal offers from 15 countries.
  • Trump knew his tariffs might cause a recession, but his fear of a depression preceded his decision to pause the duties’ implementation for 90 days, the Wall Street Journal reported.
  • Stock markets fell after a huge rebound Wednesday.
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